Updated Sellwood
For Sale
$995,000
8605 SE 11th Ave, Portland, OR 97202
Well-updated fourplex with four 1-bedroom units, separate entrances, and onsite laundry.
Days on Market23
Property Features for 8605 SE 11th Ave
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Amenities
onsite laundry
Building Details
Building Size
2,105 SF
Year Built
1922
Year Renovated
2017
Tenancy
Multi
Listing Agency:
Lowes Flat Fee Realty A Homezu Partner
(208) 602-0055
Listed By:
Roger Lowe · License #DB20447
(208) 602-0055
Source:
Allprofessionalsre
Added: Jul 8
Changed: Jul 26
Last Checked: Jul 30 at 12:36PM
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 Lowes Flat Fee Realty A Homezu Partner
Investment Insights
Based on property information with market context.
This updated fourplex includes four 1-bedroom units, each with separate entrances. The property has undergone major improvements in 2017, including new plumbing, electrical, windows, roof, kitchens, bathrooms, flooring, paint, appliances, and fixtures. Additional conveniences include onsite laundry and a 2-car garage.
The building is situated on a corner lot on a quiet, tree-lined street with easy access to the Sellwood Bridge.
The overall layout supports independent entry for each unit and includes two-car garage parking on site, with laundry available onsite for residents.
The building is situated on a corner lot on a quiet, tree-lined street with easy access to the Sellwood Bridge.
The overall layout supports independent entry for each unit and includes two-car garage parking on site, with laundry available onsite for residents.
Key Highlights
- 1922‑built Sellwood 4‑plex featuring four 1‑bedroom units
- Major updates in 2017: new plumbing, electrical, windows, roof, kitchens, bathrooms, flooring, paint, appliances, and fixtures
- Each unit has separate entrances
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 | $46.7k | $22.20 |
| − Vacancy | −$3.0k | −$1.44 |
| EGI | $43.7k | $20.76 |
| − OpEx | −$13.1k | −$6.23 |
| NOI | $30.6k | $14.53 |
2,105 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.8K
NOI $30,585 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$405.7K
$355.0K – $473.3K
NOI $28,399 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$502.2K
$439.4K – $585.9K
NOI $35,153 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
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 - Well-updated fourplex with four 1-bedroom units, separate entrances, and onsite laundry.
Where is this quadplex located?
The property is located at 8605 SE 11th Ave Portland, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1922‑built Sellwood 4‑plex featuring four 1‑bedroom units; Major updates in 2017: new plumbing, electrical, windows, roof, kitchens, bathrooms, flooring, paint, appliances, and fixtures; Each unit has separate entrances
