Renovated Four-Unit
For Sale
$825,000
9330 SE Grant St, Portland, OR 97216
Fully occupied RM1 property with updated interiors, in-unit laundry, and access to bus lines and the MAX station.
Property Size3,496 SF
Days on Market32
Property Features for 9330 SE Grant St
General Information
Standard status
Active
Size
3,496 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
RM1
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,457
Amenities
in-unit washer/dryer
Building Details
Building Size
3,496 SF
Year Built
1995
Buildings
1
Stories
2
Units
4
Listing Agency:
Knipe Realty ERA Powered
(503) 729-0065
Listed By:
Dineve Ramirez
(503) 729-0065
Source:
Metanars
Added: Jul 22
Changed: Aug 21
Last Checked: Aug 21 at 6:56AM
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 Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
Built in 1995, this RM1-zoned quadplex contains four units with matching layouts of two bedrooms and one bathroom each. Every residence includes an in-unit washer and dryer. Three units have updated finishes, including luxury vinyl plank flooring, new baseboards, and quartz countertops.
Recent property improvements include siding, windows, roofing, gutters, exterior paint, Trex composition decks, doors, fencing, and landscaping. The building is fully occupied and has a consistent rental history. The property is located on SE Grant St in Portland, near bus lines and the MAX station.
Recent property improvements include siding, windows, roofing, gutters, exterior paint, Trex composition decks, doors, fencing, and landscaping. The building is fully occupied and has a consistent rental history. The property is located on SE Grant St in Portland, near bus lines and the MAX station.
Key Highlights
- Four units with identical two‑bedroom, one‑bathroom layouts
- All units include in‑unit washers and dryers
- Three of four units renovated with LVP flooring, new baseboards, and quartz countertops
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
$48,719
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
5.91%
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%
$974,380
$974.4K
Cap Rate 7%
$695,986
$696.0K
Cap Rate 9%
$541,322
$541.3K
Market Conditions
NOI Build-Up for 3,496 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
$73.4K $21.00/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$69.6K $19.91/SF
− OpEx
−$20.9K −$5.97/SF
NOI
$48.7K $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 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%
$974,380
Cap Rate 7%
$695,986
Cap Rate 9%
$541,322
Alternative Uses
Best Use
Multifamily LT 5
$696.0K
$609.0K – $812.0K
NOI $48,719 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$641.3K
$561.1K – $748.2K
NOI $44,889 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$981.8K
$859.0K – $1.15M
NOI $68,723 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied RM1 property with updated interiors, in-unit laundry, and access to bus lines and the MAX station.
Where is this quadplex located?
The property is located at 9330 SE Grant St Portland, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four units with identical two‑bedroom, one‑bathroom layouts; All units include in‑unit washers and dryers; Three of four units renovated with LVP flooring, new baseboards, and quartz countertops
