New Fourplex with Nine-Foot
For Sale
$1,400,000
8426 E Burnside St, Portland, OR 97216
MULTI_FAMILY - Portland, OR
Property Size4,372 SF
Price / SF$320.22
Days on Market16
Property Features for 8426 E Burnside St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R5
Bedrooms
8
Bathrooms
12
Full bathrooms
12
Rooms
Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 8, Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 10, Bathroom 11, Bathroom 12, Bedroom 1, Bathroom 2, Bathroom 7, Bathroom 5, Bedroom 8, Bathroom 9
Subdivision
MONTAVILLA
Elementary school
Vestal
Middle school
Harrison Park
High school
Leodis McDaniel
Directions
Between 84th and 85th and Burnside
Standard status
Active
APN
R284700
Size
4,372 SF
Taxes and HOA fees
Tax Description
Terrace PK, Block 8, W 1/2 of Lot 12&13
Tax Annual Amount
3023
Legal Description
Terrace PK, Block 8, W 1/2 of Lot 12&13
Building Details
Year built
2026
Floors in Building
2
Number of units
10
Roof type
Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Leon Simms · License #860900098
(503) 201-8868
Added: Jul 17
Changed: Aug 1
Last Checked: Aug 1 at 12:06PM
MLS# 311707069
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
New fourplex under construction in the Montavilla area, built as duplex-style homes with no interior units. The residences are designed with 9' ceilings on both main and upper floors, along with 8' tall doors, custom cabinetry to the ceiling, and a stainless steel hood fan. The en suite bedrooms include walk-in closets and bathrooms, and the primary suite features double sinks and mirrors to the ceiling. Amenities mentioned include window coverings and in-unit washer and dryers. A modern, efficient heating and cooling system is included, and the exterior is described as a complete fiber cement envelope intended to resist moisture intrusion.
The fourplex is located at 8426 E Burnside St in Portland, OR 97216 and is zoned R5. The property is under construction with a composition roof and is set with west-facing yards and mature landscaping, with abundant on-street parking noted.
Each unit arrangement backs to the west-facing yards, supporting a private outdoor feel within the neighborhood context described as well maintained with mostly owner-occupied houses.
The fourplex is located at 8426 E Burnside St in Portland, OR 97216 and is zoned R5. The property is under construction with a composition roof and is set with west-facing yards and mature landscaping, with abundant on-street parking noted.
Each unit arrangement backs to the west-facing yards, supporting a private outdoor feel within the neighborhood context described as well maintained with mostly owner-occupied houses.
Key Highlights
- Under construction fourplex at 8426 E Burnside St, Portland, OR 97216
- 9' ceilings on both main and upper floors
- 8' tall doors
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $21.00 |
| − Vacancy | −$4.8k | −$1.09 |
| EGI | $87.0k | $19.91 |
| − OpEx | −$26.1k | −$5.97 |
| NOI | $60.9k | $13.94 |
4,372 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
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
Location Intelligence
Trade Area within ½ mile
1,506
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 - New fourplex under construction in an R5 zone with nine-foot ceilings on main and upper floors and on-street parking.
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: Under construction fourplex at 8426 E Burnside St, Portland, OR 97216; 9' ceilings on both main and upper floors; 8' tall doors
