4-Unit Multifamily
New
For Sale
$1,499,000
8426 E Burnside St, Portland, OR 97216
Fully leased homes feature west-facing yards, contemporary finishes, and included laundry appliances.
Property Size4,372 SF
Price / SF$342.86
Days on Market7
Property Features for 8426 E Burnside St
General Information
Standard status
Active
Size
4,372 SF
Property subtype
Multi Family Home
Zoning
R5
Occupancy
100%
Site & Location
Neighborhood
Montavilla
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,023
Amenities
window coverings
refrigerators
washer and dryers
9-foot ceilings
8-foot doors
custom cabinets to the ceiling
stainless steel hood fans
walk-in closets
double sinks
mirrors to the ceiling
heating & cooling system
west facing yards
mature landscaping
Building Details
Building Size
4,372 SF
Year Built
2026
Stories
2
Units
10
Listing Agency:
MORE Realty
Listed By:
Leon Simms · License #860900098
(503) 201-8868
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 3:44AM
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 MORE Realty
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Investment Insights
Based on property information with market context.
Completed in 2026, this 4,372-square-foot quadplex is fully leased and arranged as two duplex-style structures without interior units. The homes have 9-foot ceilings on both levels, 8-foot doors, ceiling-height custom cabinetry, stainless steel hood fans, and en suite bedrooms with walk-in closets. The primary suites include double sinks. Window coverings, refrigerators, and washers and dryers are included. Heating and cooling are provided by a modern, energy-efficient system, and the fiber cement exterior is designed to resist moisture intrusion.
Each home faces a west-oriented yard with mature landscaping. The property is four blocks from the heart of Montavilla and is zoned R5.
Each home faces a west-oriented yard with mature landscaping. The property is four blocks from the heart of Montavilla and is zoned R5.
Key Highlights
- 4,372‑square‑foot quadplex completed in 2026
- Fully leased; zoned R5
- Two duplex‑style structures with no interior units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,926
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
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
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 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 4.06%
Second Best
Apartment 5plus
$801.9K
$701.7K – $935.6K
NOI $56,136 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,944 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased homes feature west-facing yards, contemporary finishes, and included laundry appliances.
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 $1,499,000.
What are key features of this property?
This property features: 4,372‑square‑foot quadplex completed in 2026; Fully leased; zoned R5; Two duplex‑style structures with no interior units
