Triplex with Private
New
For Sale
$599,900
8780 SE FLAVEL St, Portland, OR 97266
MultiFamily, Portland, OR
Property Size2,678 SF
Lot Size0.13 Acres
Price / SF$224.01
Days on Market6
Property Features for 8780 SE FLAVEL St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
3
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2
Subdivision
LENTS
View
Park
Elementary school
Kelly
Middle school
Brentwood
High school
Franklin
Directions
82nd East on Flavel
Standard status
Active
APN
R154068
Size
2,678 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
EDGE O'TOWN VILLAS, BLOCK 2 EXC W 130' & EXC PT IN STS
Tax Annual Amount
2132
Legal Description
EDGE O'TOWN VILLAS, BLOCK 2 EXC W 130' & EXC PT IN STS
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Heat Pump
Amenities
laundry
private balconies
nine foot ceilings
engineered hardwood floors
granite countertops
stainless steel appliances
natural light
separate temperature controls
Building Details
Year built
2019
Floors in Building
3
Number of units
3
Roof type
Metal
Listing Agency:
Keller Williams Sunset Corridor · Keller Williams Realty
(503) 270-5700
Listed By:
Rhonda Riley
(919) 316-9922
Added: Sep 17
Changed: Sep 22
Last Checked: Sep 22 at 6:06PM
MLS# 701846055
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.
Built in 2019, this RM1-zoned triplex contains approximately 2,678 square feet and three separately configured living areas. The main dwelling spans approximately 2,000 square feet and is divided into East and West areas, each with an entrance, kitchen, one conforming bedroom, and a large flex space. A separate approximately 322-square-foot studio adds another living area. Shared laundry serves the larger spaces, while two private balconies, nine-foot ceilings, engineered hardwood flooring, granite countertops, stainless steel appliances, and independent temperature controls add functional appeal.
An approximately 1,000-square-foot garage provides substantial enclosed parking and storage, with additional off-street and RV parking. The property occupies 0.13 acres in SE Portland. East is vacant, West is leased month-to-month, and the studio is leased, creating a combination of immediate occupancy flexibility and existing rental use.
An approximately 1,000-square-foot garage provides substantial enclosed parking and storage, with additional off-street and RV parking. The property occupies 0.13 acres in SE Portland. East is vacant, West is leased month-to-month, and the studio is leased, creating a combination of immediate occupancy flexibility and existing rental use.
Key Highlights
- Three separately configured living areas within a 2,678‑square‑foot multifamily property
- Main dwelling measures approximately 2,000 sqft and includes East and West living areas
- Separate studio measures approximately 322 sqft
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
$37,320
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
6.22%
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%
$746,400
$746.4K
Cap Rate 7%
$533,143
$533.1K
Cap Rate 9%
$414,667
$414.7K
Market Conditions
NOI Build-Up for 2,678 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
$56.2K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$53.3K $19.91/SF
− OpEx
−$16.0K −$5.97/SF
NOI
$37.3K $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%
$746,400
Cap Rate 7%
$533,143
Cap Rate 9%
$414,667
Alternative Uses
Best Use
Multifamily LT 5
$533.1K
$466.5K – $622.0K
NOI $37,320 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$491.2K
$429.8K – $573.1K
NOI $34,385 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$752.0K
$658.0K – $877.4K
NOI $52,643 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - 2019-built multifamily property with separate living areas, private balconies, and flexible owner-occupant or rental use.
Where is this triplex located?
The property is located at 8780 SE FLAVEL St Portland, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three separately configured living areas within a 2,678‑square‑foot multifamily property; Main dwelling measures approximately 2,000 sqft and includes East and West living areas; Separate studio measures approximately 322 sqft
