Quadplex with Private
For Sale
$949,900
8913 SE Rhone St, Portland, OR 97266
Four residential units combine private outdoor areas, covered decks, furnished interiors, and paved parking.
Property Size3,722 SF
Price / SF$255.21
Days on Market229
Property Features for 8913 SE Rhone St
General Information
Standard status
Active
Size
3,722 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
opportunity for updates
Site & Location
Neighborhood
Lents
Highway Access
Yes
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Building Details
Year Built
1995
Listing Agency:
Berkshire Hathaway HomeServices NW Real Estate
Listed By:
Tim Sellers · License #880100065
(503) 519-3333
Source:
Christiesrealestateevg
Added: Mar 19
Changed: Oct 25
Last Checked: Oct 7 at 5:31PM
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 Berkshire Hathaway HomeServices NW Real Estate
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Investment Insights
Based on property information with market context.
Built in 1995, this R2-zoned quadplex contains 3,722 square feet across four residential units. Each unit is approximately 930 square feet with two bedrooms and two full bathrooms. Two homes occupy the main level and open to private patios with direct backyard access, while the upstairs residences include covered decks and attached storage rooms. Two units are furnished, and one unit offers an opportunity for updates.
The property at 8913 Southeast Rhone Street includes paved parking for two vehicles per unit. Water, sewer, and garbage are included in rents, supporting a simplified operating structure. Access to I-205 connects the property with destinations throughout the Portland metro area. Exterior materials include vinyl siding and composition, while interior features include crawl space and concrete perimeter construction.
The property at 8913 Southeast Rhone Street includes paved parking for two vehicles per unit. Water, sewer, and garbage are included in rents, supporting a simplified operating structure. Access to I-205 connects the property with destinations throughout the Portland metro area. Exterior materials include vinyl siding and composition, while interior features include crawl space and concrete perimeter construction.
Key Highlights
- Four‑unit property with four approximately 930‑square‑foot residences
- Each unit includes 2 bedrooms and 2 full bathrooms
- Two main‑level units have private patios and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,868
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,360
$1.0M
Cap Rate 7%
$740,971
$741.0K
Cap Rate 9%
$576,311
$576.3K
Market Conditions
NOI Build-Up for 3,722 SF
Gross rent
$78.2K $21.00/SF
− Vacancy
−$4.1K −$1.09/SF
EGI
$74.1K $19.91/SF
− OpEx
−$22.2K −$5.97/SF
NOI
$51.9K $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 Rate 5%
$1,037,360
Cap Rate 7%
$740,971
Cap Rate 9%
$576,311
Alternative Uses
Best Use
Multifamily LT 5
$741.0K
$648.4K – $864.5K
NOI $51,868 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$682.7K
$597.4K – $796.5K
NOI $47,790 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.05M
$914.6K – $1.22M
NOI $73,166 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units combine private outdoor areas, covered decks, furnished interiors, and paved parking.
Where is this quadplex located?
The property is located at 8913 SE Rhone St Portland, OR.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Four‑unit property with four approximately 930‑square‑foot residences; Each unit includes 2 bedrooms and 2 full bathrooms; Two main‑level units have private patios and backyard access
