2-Unit Multifamily Home with
9327 NE GLISAN ST, Portland, OR 97220
For Sale
New
$599,900
A remodeled main residence and registered accessory dwelling unit provide two distinct living spaces with separate outdoor areas.
Property Size2,473 SF
Days on Market3
Property Features for 9327 NE GLISAN ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Pristine Realty LLC
Listed By:
Dmitri Galkovski
(503) 810-0859
Source:
Eleeterealestate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 12:00PM
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 Pristine Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this 2,473-square-foot property pairs a four-bedroom, two-bathroom main home with a registered two-bedroom, one-bathroom ADU. Both spaces have updated kitchens with quartz countertops. The lower-level unit has a private entrance, its own kitchen and bathroom, washer and dryer hookups, and a fenced yard designated for its use. Wood fencing and distinct outdoor areas serve the two residences.
The property is in Northeast Portland, near shopping, restaurants, parks, public transportation, and major commuter routes. Its layout accommodates separate household use within one property. The Home Energy Score is 1; the HES report is available at https://rpt.greenbuildingregistry.com/hes/OR10252962.
The property is in Northeast Portland, near shopping, restaurants, parks, public transportation, and major commuter routes. Its layout accommodates separate household use within one property. The Home Energy Score is 1; the HES report is available at https://rpt.greenbuildingregistry.com/hes/OR10252962.
Key Highlights
- 2,473‑square‑foot property with a four‑bedroom, two‑bathroom main home and registered two‑bedroom, one‑bathroom ADU
- 1930 construction
- ADU has a private entrance, separate kitchen and bathroom, and washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,753
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,060
$635.1K
Cap Rate 7%
$453,614
$453.6K
Cap Rate 9%
$352,811
$352.8K
Market Conditions
NOI Build-Up for 2,473 SF
Gross rent
$60.8K $24.60/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$57.7K $23.35/SF
− OpEx
−$26.0K −$10.51/SF
NOI
$31.8K $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%
$635,060
Cap Rate 7%
$453,614
Cap Rate 9%
$352,811
Alternative Uses
Best Use
Apartment 5plus
$453.6K
$396.9K – $529.2K
NOI $31,753 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.5K
$607.7K – $810.2K
NOI $48,614 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
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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 Multifamily properties in Portland, OR
Properties on Market for Multifamily properties in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A remodeled main residence and registered accessory dwelling unit provide two distinct living spaces with separate outdoor areas.
Where is this multifamily property located?
The property is located at 9327 NE GLISAN ST Portland, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,473‑square‑foot property with a four‑bedroom, two‑bathroom main home and registered two‑bedroom, one‑bathroom ADU; 1930 construction; ADU has a private entrance, separate kitchen and bathroom, and washer and dryer hookups
