Renovated Quadplex with In-Unit
9330 SE Grant St, Portland, OR 97216
For Sale
$739,900
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 Market52
Property Features for 9330 SE Grant St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
in-unit washer/dryer
Building Details
Year Built
Buildings
Listing Agency:
Knipe Realty ERA Powered
Listed By:
Dineve Ramirez
(503) 729-0065
Source:
Evergreenrealestatepartners
Added: Sep 19
Changed: Oct 26
Last Checked: Oct 7 at 5:34PM
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
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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 / Yr
$48,719
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,088
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 - 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
