New 4-Unit
For Sale
$1,400,000
8426 E Burnside ST, Portland, OR 97216
Newly constructed homes feature upgraded finishes, efficient heating and cooling, and west-facing yards.
Property Size4,372 SF
Price / SF$320.22
Days on Market29
Property Features for 8426 E Burnside ST
General Information
Standard status
Active
Size
4,372 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2026
Listing Agency:
Harcourts Real Estate Network Group
(503) 594-0805
Listed By:
Nick Shivers Team | eXp Realty
(503) 594-0805
Source:
Nickshivers
Added: Aug 2
Changed: Aug 27
Last Checked: Aug 30 at 4:00PM
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 Harcourts Real Estate Network Group
Investment Insights
Based on property information with market context.
This 2026 quadplex contains four homes arranged as two duplex-style buildings without interior units. The residences feature 9-foot ceilings on both main and upper floors, 8-foot doors, custom cabinetry extending to the ceiling, stainless steel hood fans, window coverings, refrigerators, and washers and dryers. Each home includes two en suite bedrooms with walk-in closets, while the primary suite has dual sinks and full-height mirrors. A modern heating and cooling system supports efficient operation, and fiber cement exteriors are designed to resist moisture intrusion.
Located at 8426 E Burnside ST in Portland, the property sits four blocks from the heart of Montavilla. West-facing yards, mature landscaping, and a vintage stone house provide the rear setting. Abundant on-street parking is available in the surrounding area.
Located at 8426 E Burnside ST in Portland, the property sits four blocks from the heart of Montavilla. West-facing yards, mature landscaping, and a vintage stone house provide the rear setting. Abundant on-street parking is available in the surrounding area.
Key Highlights
- Four‑unit quadplex completed in 2026
- 4,372 property size with two duplex‑style buildings and no interior units
- 9‑foot ceilings on both main and upper floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,218,520
$1.2M
Cap Rate 7%
$870,371
$870.4K
Cap Rate 9%
$676,956
$677.0K
Market Conditions
NOI Build-Up for 4,372 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.8K $21.00/SF
− Vacancy
−$4.8K −$1.09/SF
EGI
$87.0K $19.91/SF
− OpEx
−$26.1K −$5.97/SF
NOI
$60.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,218,520
Cap Rate 7%
$870,371
Cap Rate 9%
$676,956
Alternative Uses
Best Use
Multifamily LT 5
$870.4K
$761.6K – $1.02M
NOI $60,926 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$801.9K
$701.7K – $935.6K
NOI $56,136 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,944 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly constructed homes feature upgraded finishes, efficient heating and cooling, and west-facing yards.
Where is this quadplex located?
The property is located at 8426 E Burnside ST Portland, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2026; 4,372 property size with two duplex‑style buildings and no interior units; 9‑foot ceilings on both main and upper floors
