4-Unit Multifamily
For Sale
$829,000
8323-8329 North Dwight Avenue, Portland, OR 97203
Well-maintained residential income property with updated roofing, on-site laundry, assigned parking, and four apartment units.
Property Size3,185 SF
Lot Size0.29 Acres
Price / SF$260.28
Days on Market289
Property Features for 8323-8329 North Dwight Avenue
General Information
Standard status
Active
Size
3,185 SF
Total Parking Spaces
4
Lot size
0.29 Acres
Property subtype
Multi Family
Zoning
R 5
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,513
Amenities
on site coin laundry
1
Crawl Space
Concrete Perimeter
Composition
Wood Siding
Building Details
Year Built
1955
Listing Agency:
Keller Williams Sunset Corridor
Listed By:
Jeff Yarbor · License #861000008
(503) 396-0121
Source:
Compass
Added: Dec 31, 2025
Changed: Oct 12
Last Checked: Oct 15 at 1:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Sunset Corridor
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,185-square-foot quadplex contains four two-bedroom, one-bath units, each furnished with a refrigerator and range. Built in 1955, the property includes a newer 50-year roof, crawl space, concrete perimeter, wood siding, and composition exterior materials. Natural light and a shared front lawn add to the residential setting, while coin-operated laundry and assigned rear parking support day-to-day operations.
The property is located at 8323-8329 North Dwight Avenue in Portland’s Portsmouth neighborhood, an area described as highly walkable. The parcel encompasses 0.29 acres and carries R 5 zoning. It is included in a two-lot offering; additional details are available from the listing representative.
The property is located at 8323-8329 North Dwight Avenue in Portland’s Portsmouth neighborhood, an area described as highly walkable. The parcel encompasses 0.29 acres and carries R 5 zoning. It is included in a two-lot offering; additional details are available from the listing representative.
Key Highlights
- Four 2 bedroom, 1 bath units within a 3,185‑square‑foot quadplex
- 0.29‑acre property at 8323‑8329 North Dwight Avenue in Portland, OR 97203
- Newer 50 year roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,385
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,700
$887.7K
Cap Rate 7%
$634,071
$634.1K
Cap Rate 9%
$493,167
$493.2K
Market Conditions
NOI Build-Up for 3,185 SF
Gross rent
$66.9K $21.00/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$63.4K $19.91/SF
− OpEx
−$19.0K −$5.97/SF
NOI
$44.4K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,700
Cap Rate 7%
$634,071
Cap Rate 9%
$493,167
Alternative Uses
Best Use
Multifamily LT 5
$634.1K
$554.8K – $739.8K
NOI $44,385 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,895 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$894.4K
$782.6K – $1.04M
NOI $62,610 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained residential income property with updated roofing, on-site laundry, assigned parking, and four apartment units.
Where is this quadplex located?
The property is located at 8323-8329 North Dwight Avenue Portland, OR.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Four 2 bedroom, 1 bath units within a 3,185‑square‑foot quadplex; 0.29‑acre property at 8323‑8329 North Dwight Avenue in Portland, OR 97203; Newer 50 year roof
