Modern Multifamily in Mt.
For Sale
$1,499,900
4881 SE 63rd AVE, Portland, OR 97035
Modern 2-bed, 1.1-bath units in vibrant SE Portland neighborhood.
Property Size3,464 SF
Price / SF$432
Days on Market1160
Property Features for 4881 SE 63rd AVE
General Information
Standard status
Active
Size
3,464 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Mt. Scott-Arleta
Building Details
Building Size
3,464 SF
Year Built
2023
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Eleeterealestate
Added: Sep 1, 2023
Changed: Nov 1
Last Checked: Nov 1 at 11:25AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$44,478
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,560
$889.6K
Cap Rate 7%
$635,400
$635.4K
Cap Rate 9%
$494,200
$494.2K
Market Conditions
NOI Build-Up for 3,464 SF
Gross rent
$85.2K $24.60/SF
− Vacancy
−$4.3K −$1.25/SF
EGI
$80.9K $23.35/SF
− OpEx
−$36.4K −$10.51/SF
NOI
$44.5K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,560
Cap Rate 7%
$635,400
Cap Rate 9%
$494,200
Alternative Uses
Best Use
Apartment 5plus
$635.4K
$556.0K – $741.3K
NOI $44,478 @ 7.0% cap · market cap 2.97%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
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Business Placement
Demographics for 97035, OR
25,770
Population
11,822
Households
2.2
Avg Household Size
44
Median Age
73%
College-Educated
99%
High-School Grad
5.8 sq mi
ZIP Area
4,443
Density / Sq Mi
$126,866
Median Household Income
$75,523
Median Earnings
$1,951
Median Rent
$790,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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**
