Nine-Unit Apartment and Duplex
9512-9524 N Oswego Ave, Portland, OR 97203
For Sale
Contact for pricing
An apartment building and duplex share one tax lot, with off-street parking assigned to each residence.
Property Size6,387 SF
Price / SF$230.94
Days on Market109
Property Features for 9512-9524 N Oswego Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Site & Location
Neighborhood
Road Access
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
SMI Real Estate
Listed By:
Matt Miller · License OR #201254590
Source:
Crexi
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 14 at 2:25AM
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 SMI Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 9512-9524 N Oswego Avenue includes a seven-unit apartment building and a separate duplex on one tax lot. Eight residences are configured as 2 Bed / 1 Bath units, with one additional 1 Bed / 1 Bath residence. Each unit has off-street parking. The seven-unit building has PEX plumbing throughout, replacing the prior plumbing system. Utility reimbursements have been partially implemented across the asset, and in-place rents are below market comparables.
The property sits at the corner of N Fessenden Street and N Oswego Avenue in Portland’s St. Johns neighborhood. It is one block from the N Lombard Street corridor, with downtown Portland approximately nine miles south. The asset is zoned CM1 and was built in 1974.
The property sits at the corner of N Fessenden Street and N Oswego Avenue in Portland’s St. Johns neighborhood. It is one block from the N Lombard Street corridor, with downtown Portland approximately nine miles south. The asset is zoned CM1 and was built in 1974.
Key Highlights
- Nine total units: seven‑unit apartment building plus duplex
- Unit mix includes eight 2 Bed / 1 Bath units and one 1 Bed / 1 Bath unit
- Off‑street parking provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,007
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,140
$1.8M
Cap Rate 7%
$1,271,529
$1.3M
Cap Rate 9%
$988,967
$989.0K
Market Conditions
NOI Build-Up for 6,387 SF
Gross rent
$134.1K $21.00/SF
− Vacancy
−$7.0K −$1.09/SF
EGI
$127.2K $19.91/SF
− OpEx
−$38.1K −$5.97/SF
NOI
$89.0K $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%
$1,780,140
Cap Rate 7%
$1,271,529
Cap Rate 9%
$988,967
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,007 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,009 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,554 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
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
$468,600
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Portland, OR
Properties on Market for Apartment buildings in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - An apartment building and duplex share one tax lot, with off-street parking assigned to each residence.
Where is this apartment building located?
The property is located at 9512-9524 N Oswego Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Nine total units: seven‑unit apartment building plus duplex; Unit mix includes eight 2 Bed / 1 Bath units and one 1 Bed / 1 Bath unit; Off‑street parking provided for each unit
