Four-Unit Quadplex
9144 SE ALDER St, Portland, OR 97216
For Sale
$1,300,000
MultiFamily, Portland, OR
Property Size4,915 SF
Lot Size0.14 Acres
Price / SF$264.50
Days on Market49
Property Features for 9144 SE ALDER St
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Real Estate Network Group, LLC
(503) 344-4554
Listed By:
Bryce Rosenbaum · License #201224328
(503) 367-8266
Added: Sep 22
Changed: Oct 24
Last Checked: Nov 9 at 4:06AM
MLS# 729100864
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property combines three newly constructed, three-story residences with an existing single-level home. Each new residence contains approximately 1,401 square feet with three bedrooms and open-concept living, dining, and kitchen areas. The separate existing home measures 712 square feet, bringing the combined property size to approximately 4,915 square feet. Construction is underway, with a 2026 year built designation.
Set on 0.14 acres at 9144 SE ALDER St in Portland’s Montavilla area, the property is near restaurants, shops, parks, and transit. The homes feature heat pump heating and cooling, with forced-air heating also identified. The property is zoned RM1 and has composition roofing.
Set on 0.14 acres at 9144 SE ALDER St in Portland’s Montavilla area, the property is near restaurants, shops, parks, and transit. The homes feature heat pump heating and cooling, with forced-air heating also identified. The property is zoned RM1 and has composition roofing.
Key Highlights
- Four total units, including three new three‑story residences and one existing single‑level home
- Approximately 4,915 square feet of combined property size on 0.14 acres
- Each new residence is approximately 1,401 square feet with three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,493
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,860
$1.4M
Cap Rate 7%
$978,471
$978.5K
Cap Rate 9%
$761,033
$761.0K
Market Conditions
NOI Build-Up for 4,915 SF
Gross rent
$103.2K $21.00/SF
− Vacancy
−$5.4K −$1.09/SF
EGI
$97.8K $19.91/SF
− OpEx
−$29.4K −$5.97/SF
NOI
$68.5K $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%
$1,369,860
Cap Rate 7%
$978,471
Cap Rate 9%
$761,033
Alternative Uses
Best Use
Multifamily LT 5
$978.5K
$856.2K – $1.14M
NOI $68,493 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$901.5K
$788.9K – $1.05M
NOI $63,108 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,618 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
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Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Portland, OR
Properties on Market for Quadplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three new residences join a standalone home in a four-unit configuration near Montavilla shops, restaurants, parks, and transit.
Where is this quadplex located?
The property is located at 9144 SE ALDER St Portland, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four total units, including three new three‑story residences and one existing single‑level home; Approximately 4,915 square feet of combined property size on 0.14 acres; Each new residence is approximately 1,401 square feet with three bedrooms
