Triplex with Private Upper-Floor
For Sale
$650,000
9469 N SAINT LOUIS AVE, Portland, OR 97203
Three separate two-bedroom homes each include a kitchen, gas range, and stackable washer and dryer.
Property Size2,304 SF
Days on Market12
Property Features for 9469 N SAINT LOUIS AVE
General Information
Standard status
Active
Size
2,304 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Cathedral Park
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,399
Amenities
gas range
stackable washer/dryer
gas burning stove
private deck
off-street parking
Building Details
Building Size
2,304 SF
Year Built
1973
Tenancy
Multi
Listing Agency:
Opt
Listed By:
Rex Buchanan
(503) 484-8739
Source:
Eleeterealestate
Added: Oct 22
Changed: Nov 1
Last Checked: Nov 1 at 12:44PM
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 Opt
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Investment Insights
Based on property information with market context.
Built in 1973, this triplex contains three homes, each with two bedrooms, one bathroom, a kitchen, an open floor plan, a gas range, newer appliances, and a stackable washer and dryer. A gas-burning stove is provided in each unit. The upper floor also has a private deck with a neighborhood view. One front unit is vacant, while the two rear units are occupied.
The property is at 9469 N Saint Louis Ave in Portland. Shops and cafes, parks, and transit are described as nearby, with access to downtown Portland also noted. Off-street parking serves the property. Tenants pay utilities other than garbage and water.
The property is at 9469 N Saint Louis Ave in Portland. Shops and cafes, parks, and transit are described as nearby, with access to downtown Portland also noted. Off-street parking serves the property. Tenants pay utilities other than garbage and water.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- Built in 1973
- Kitchen, gas range, newer appliances, and stackable washer/dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,108
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,160
$642.2K
Cap Rate 7%
$458,686
$458.7K
Cap Rate 9%
$356,756
$356.8K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$48.4K $21.00/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$45.9K $19.91/SF
− OpEx
−$13.8K −$5.97/SF
NOI
$32.1K $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%
$642,160
Cap Rate 7%
$458,686
Cap Rate 9%
$356,756
Alternative Uses
Best Use
Multifamily LT 5
$458.7K
$401.4K – $535.1K
NOI $32,108 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$647.0K
$566.1K – $754.9K
NOI $45,291 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
742
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate two-bedroom homes each include a kitchen, gas range, and stackable washer and dryer.
Where is this triplex located?
The property is located at 9469 N SAINT LOUIS AVE Portland, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; Built in 1973; Kitchen, gas range, newer appliances, and stackable washer/dryer in each unit
