Four-Unit Quadplex with
New
For Sale
$995,000
8826 SE LAFAYETTE St, Portland, OR 97266
MULTI_FAMILY - Portland, OR
Property Size4,160 SF
Lot Size0.20 Acres
Price / SF$239.18
Days on Market4
Property Features for 8826 SE LAFAYETTE St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
8
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 16, Bathroom 12, Bathroom 14, Bedroom 4, Bedroom 7, Bathroom 17, Bathroom 21, Bedroom 2, Bathroom 9, Bathroom 24, Bathroom 19, Bathroom 18, Bedroom 8, Bathroom 10, Bathroom 15, Bathroom 22, Bathroom 11, Bedroom 6, Bathroom 20, Bathroom 7, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 8, Bathroom 6, Bathroom 23, Bathroom 5, Bathroom 1, Bathroom 13
Elementary school
Harrison Park
Middle school
Harrison Park
High school
Leodis McDaniel
Directions
SE Powell Blvd to SE 86th Ave to SE Lafayette St.
Subdivision
_143
Standard status
Active
APN
R333439
Size
4,160 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
SECTION 09 1S 2E, TL 7800 0.20 ACRES
Tax Annual Amount
12703
Legal Description
SECTION 09 1S 2E, TL 7800 0.20 ACRES
Amenities
attached garage storage
paved off-street parking
Building Details
Year built
1996
Floors in Building
2
Number of units
4
Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Amy Liu · License #201239122
(503) 317-3522
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 9 at 4:06PM
MLS# 430851624
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.
This four-unit multifamily property was built in 1996 and contains 4,160 square feet on a 0.2-acre parcel. The property includes attached garage storage and paved off-street parking, providing practical support for residents and on-site operations. R1 zoning applies to the property.
Located at 8826 SE Lafayette St in Portland, the asset offers access to I-205 and local bus routes. Shopping, dining, and parks are also identified in the surrounding area. Interior inspection of the units is subject to an accepted offer, and the property is occupied by tenants.
Located at 8826 SE Lafayette St in Portland, the asset offers access to I-205 and local bus routes. Shopping, dining, and parks are also identified in the surrounding area. Interior inspection of the units is subject to an accepted offer, and the property is occupied by tenants.
Key Highlights
- Four‑unit multifamily property with 4,160 square feet
- Built in 1996 on a 0.2‑acre parcel
- Attached garage storage included
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
$57,972
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
5.83%
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%
$1,159,440
$1.2M
Cap Rate 7%
$828,171
$828.2K
Cap Rate 9%
$644,133
$644.1K
Market Conditions
NOI Build-Up for 4,160 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
$87.4K $21.00/SF
− Vacancy
−$4.5K −$1.09/SF
EGI
$82.8K $19.91/SF
− OpEx
−$24.8K −$5.97/SF
NOI
$58.0K $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%
$1,159,440
Cap Rate 7%
$828,171
Cap Rate 9%
$644,133
Alternative Uses
Best Use
Multifamily LT 5
$828.2K
$724.7K – $966.2K
NOI $57,972 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$763.1K
$667.7K – $890.2K
NOI $53,414 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,776 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
964
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
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 - 1996-built multifamily property with attached garage storage, paved parking, and access to I-205 and local bus routes.
Where is this quadplex located?
The property is located at 8826 SE LAFAYETTE St 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: Four‑unit multifamily property with 4,160 square feet; Built in 1996 on a 0.2‑acre parcel; Attached garage storage included
