Renovated Quadplex with In-Unit
New
For Sale
$739,900
9330 SE Grant St, Portland, OR 97216
Four matching residences include in-unit laundry, with three offering refreshed flooring, baseboards, and quartz countertops.
Property Size3,496 SF
Price / SF$211.64
Days on Market4
Property Features for 9330 SE Grant St
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
1995
Buildings
1
Listing Agency:
Knipe Realty ERA Powered
Listed By:
Dineve Ramirez
(503) 729-0065
Source:
Evergreenrealestatepartners
Added: Sep 19
Last Checked: Sep 21 at 9:09AM
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.
This 3,496 SF quadplex, built in 1995, contains four matching residences with two bedrooms and one bathroom apiece. Each unit includes an in-unit washer and dryer. Three residences have updated interiors featuring luxury vinyl plank flooring, new baseboards, and quartz countertops.
The property has received extensive exterior and site improvements, including new siding, windows, roof, gutters, paint, doors, fencing, landscaping, and Trex decks. The building is fully occupied and positioned near bus lines and the MAX station in SE Portland. The property address is 9330 SE Grant St, Portland, OR 97216.
The property has received extensive exterior and site improvements, including new siding, windows, roof, gutters, paint, doors, fencing, landscaping, and Trex decks. The building is fully occupied and positioned near bus lines and the MAX station in SE Portland. The property address is 9330 SE Grant St, Portland, OR 97216.
Key Highlights
- 3,496 SF quadplex built in 1995
- Four identical units, each with 2 bedrooms and 1 bathroom
- In‑unit washers and dryers in all residences
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
6.58%
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 6.58%
Second Best
Apartment 5plus
$641.3K
$561.1K – $748.2K
NOI $44,889 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$981.8K
$859.0K – $1.15M
NOI $68,723 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residences include in-unit laundry, with three offering refreshed flooring, baseboards, and quartz countertops.
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 $739,900.
What are key features of this property?
This property features: 3,496 SF quadplex built in 1995; Four identical units, each with 2 bedrooms and 1 bathroom; In‑unit washers and dryers in all residences
