Triplex with Separate Garage
900 NE 91ST AVE, Portland, OR 97220
For Sale
$749,900
Three addresses on one tax lot with a 2005-built duplex and a separate 1924 detached home, including in-unit appliances.
Property Size4,772 SF
Price / SF$183.08
Days on Market265
Property Features for 900 NE 91ST AVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Cap Rate
Business Included
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Garage
CrawlSpace
Electricity,Gas
UnitTypeType1,UnitTypeType2,UnitTypeType3
Gas
3
2
Dishwasher,Fireplace,Range,WasherDryer
Dishwasher,Range,Refrigerator,WasherDryer
Fireplace,HardwoodFloors,Refrigerator,WasherDryer
7
1
1920
2045
1995
Level
PublicWater
3.0
0.17
Driveway,Garage
Paved
ConcretePerimeter
4772.0
CementSiding,WoodSiding
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams PDX Central
(503) 548-4848
Listed By:
David Girard · License OR #201221204
(971) 361-6347
Source:
Premierepropertygroup
Added: Feb 19
Changed: Nov 10
Last Checked: Nov 10 at 6:16AM
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 PDX Central
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Investment Insights
Based on property information with market context.
This triplex consists of three addresses (#900, #904, and #908) on one tax lot. The duplex portion (#904 and #908) was built in 2005 and includes two units with 3 bedrooms and 2.5 bathrooms each, plus a single-car garage and private backyard/patio spaces. The detached home out front (#900) was built in 1924 and includes hardwood floors, a jack and jill bathroom, and a large unfinished basement. Kitchen appliances and washer/dryer units are included for each residence.
Located in the Montavilla neighborhood of Portland, the property includes a recently vacant unit at #900. The duplex can be shown with appropriate scheduling, and access should not extend past the back side of the single-family unit to avoid disturbing tenants in the duplex.
For investors or owner-occupants, the layout offers options to live in one unit while renting the others. With the existing unit configurations and included appliances, the property may appeal to buyers seeking an income-producing residential structure with both newer and older housing stock represented across the three addresses. The home energy score is listed as 3 (HES report available through the provided reference).
Located in the Montavilla neighborhood of Portland, the property includes a recently vacant unit at #900. The duplex can be shown with appropriate scheduling, and access should not extend past the back side of the single-family unit to avoid disturbing tenants in the duplex.
For investors or owner-occupants, the layout offers options to live in one unit while renting the others. With the existing unit configurations and included appliances, the property may appeal to buyers seeking an income-producing residential structure with both newer and older housing stock represented across the three addresses. The home energy score is listed as 3 (HES report available through the provided reference).
Key Highlights
- Tri‑plex with 3 addresses (#900, #904, #908) on 1 tax lot
- 2005‑built duplex (#904/#908) with 3 beds and 2.5 baths per unit plus single‑car garages
- Separate 1924 detached home (#900) with hardwood floors, jack‑and‑jill bathroom, and an unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,080
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,600
$1.1M
Cap Rate 7%
$815,429
$815.4K
Cap Rate 9%
$634,222
$634.2K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$86.0K $21.00/SF
− Vacancy
−$4.5K −$1.09/SF
EGI
$81.5K $19.91/SF
− OpEx
−$24.5K −$5.97/SF
NOI
$57.1K $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%
$1,141,600
Cap Rate 7%
$815,429
Cap Rate 9%
$634,222
Alternative Uses
Best Use
Multifamily LT 5
$815.4K
$713.5K – $951.3K
NOI $57,080 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$751.3K
$657.4K – $876.6K
NOI $52,593 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,518 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
66.7%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Portland, OR
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three addresses on one tax lot with a 2005-built duplex and a separate 1924 detached home, including in-unit appliances.
Where is this triplex located?
The property is located at 900 NE 91ST AVE Portland, OR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Tri‑plex with 3 addresses (#900, #904, #908) on 1 tax lot; 2005‑built duplex (#904/#908) with 3 beds and 2.5 baths per unit plus single‑car garages; Separate 1924 detached home (#900) with hardwood floors, jack‑and‑jill bathroom, and an unfinished basement
