Residential Income Property with Townhome
New
For Sale
$1,999,900
9300 N New York AVE, Portland, OR 97203
A newly built home features open main-floor living, with both bedrooms and laundry upstairs.
Property Size5,476 SF
Price / SF$365.21
Days on Market5
Property Features for 9300 N New York AVE
General Information
Standard status
Active
Size
5,476 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
2026
Listing Agency:
Veracity Real Estate Group
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 8:52AM
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 Veracity Real Estate Group
Investment Insights
Based on property information with market context.
This 2026-built townhome is one of six homes in a community in St. Johns. The main level has an open kitchen, dining and living area, along with a half bath. Upstairs are two bedrooms, two full bathrooms and laundry. The primary suite includes a private bathroom with a tile shower and built-in bench; the second bedroom is near a separate full bathroom with a tub and shower combination. A tray ceiling adds detail to the upper level, and windows bring natural light into the living area.
The community is near St. Johns coffee shops, independent stores and dining. Cathedral Park and Pier Park are also nearby, with Forest Park and Northwest Portland across the St. Johns Bridge.
The community is near St. Johns coffee shops, independent stores and dining. Cathedral Park and Pier Park are also nearby, with Forest Park and Northwest Portland across the St. Johns Bridge.
Key Highlights
- 2026‑built townhome in a six‑home community
- Two bedrooms and 2.5 bathrooms
- Open kitchen, dining and living area on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,240
$1.4M
Cap Rate 7%
$1,004,457
$1.0M
Cap Rate 9%
$781,244
$781.2K
Market Conditions
NOI Build-Up for 5,476 SF
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.
Gross rent
$134.7K $24.60/SF
− Vacancy
−$6.9K −$1.25/SF
EGI
$127.8K $23.35/SF
− OpEx
−$57.5K −$10.51/SF
NOI
$70.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,240
Cap Rate 7%
$1,004,457
Cap Rate 9%
$781,244
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.9K – $1.17M
NOI $70,312 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,646 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
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Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A newly built home features open main-floor living, with both bedrooms and laundry upstairs.
Where is this residential income property located?
The property is located at 9300 N New York AVE Portland, OR.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 2026‑built townhome in a six‑home community; Two bedrooms and 2.5 bathrooms; Open kitchen, dining and living area on the main floor
