Modern Multifamily in Mt.
For Sale
Contact for pricing
Pending
4881 SE 63rd Ave, Portland, OR 97206
Modern 2-bed, 1.1-bath units in vibrant SE Portland neighborhood.
Property Size3,464 SF
Days on Market888
Property Features for 4881 SE 63rd Ave
General Information
Standard status
Pending
Size
3,464 SF
Property subtype
Multifamily
Building Details
Year Built
2023
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
Source:
Crexi
Added: Feb 27, 2024
Changed: Jul 6
Last Checked: Aug 3 at 6:00AM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
Located in the Mt. Scott-Arleta neighborhood of Southeast Portland, this multifamily property features modern architecture and design. The open concept floor plans are enhanced by expansive windows, providing a light and bright atmosphere. Each unit includes a door leading to a private, fenced patio and features air conditioning. High-end finishes are present throughout, including a custom kitchen with modern cabinetry, slab counters, extensive tile backsplash, and a stainless steel appliance package. Sleek black fixtures, stylish lighting, and designer tones complete the interiors, which consist of 2 bedrooms and 1.1 bathrooms. The property has a 99 Bike Score and a 90 Walk Score, placing it in close proximity to restaurants, shops, coffee, and Laurelwood Park, which is 0.2 miles away. The property includes a 1-year builder warranty.
Key Highlights
- Prime SE Portland location in the desirable Mt. Scott‑Arleta neighborhood
- Enjoy a High Walk Score (90) and Bike Score (99), placing you close to amenities
- Modern design featuring an open concept floor plan, expansive windows, and private fenced patio
Financial Insights For Apartment 5plus
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 | $87.3k | $25.20 |
| − Vacancy | −$4.4k | −$1.26 |
| EGI | $82.9k | $23.94 |
| − OpEx | −$37.3k | −$10.77 |
| NOI | $45.6k | $13.17 |
3,464 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$651.6K
$570.1K – $760.2K
NOI $45,610 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$972.8K
$851.2K – $1.13M
NOI $68,094 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
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?
Multifamily property - Modern 2-bed, 1.1-bath units in vibrant SE Portland neighborhood.
Where is this multifamily property located?
The property is located at 4881 SE 63rd Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Prime SE Portland location in the desirable Mt. Scott‑Arleta neighborhood; Enjoy a **High Walk Score (90) and Bike Score (99)**, placing you close to amenities; Modern design featuring an **open concept floor plan, expansive windows, and private fenced patio**
