Three-Unit Multifamily
9628 SE HOLGATE BLVD, Portland, OR 97266
For Sale
$875,000
City-approved plans provide for a potential seven-unit configuration.
Property Size3,238 SF
Price / SF$270.23
Days on Market435
Property Features for 9628 SE HOLGATE BLVD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
ELEETE Real Estate
Listed By:
Bradley Harper
(503) 332-2722
Source:
Hustlehearthomes
Added: Sep 2, 2025
Changed: Nov 9
Last Checked: Nov 9 at 8:29PM
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 ELEETE Real Estate
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Investment Insights
Based on property information with market context.
The property includes a two-bedroom Craftsman house dating to 1912 and a duplex completed in 2020. The house retains arched doorways, built-in features, and hardwood floors. Each duplex residence has two bedrooms, one and a half bathrooms, and private off-street parking.
City-approved building plans accommodate a total of seven units. The property is in Portland’s Lents neighborhood, with parks, shops, and transit described as minutes away. Its Home Energy Score is 5.
City-approved building plans accommodate a total of seven units. The property is in Portland’s Lents neighborhood, with parks, shops, and transit described as minutes away. Its Home Energy Score is 5.
Key Highlights
- 1912 Craftsman house with 2 bedrooms, arched doorways, built‑ins, and hardwood floors
- 2020 duplex with 2 bedrooms and 1.5 bathrooms in each residence
- Private off‑street parking for each duplex side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,576
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,520
$831.5K
Cap Rate 7%
$593,943
$593.9K
Cap Rate 9%
$461,956
$462.0K
Market Conditions
NOI Build-Up for 3,238 SF
Gross rent
$79.7K $24.60/SF
− Vacancy
−$4.1K −$1.25/SF
EGI
$75.6K $23.35/SF
− OpEx
−$34.0K −$10.51/SF
NOI
$41.6K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,520
Cap Rate 7%
$593,943
Cap Rate 9%
$461,956
Alternative Uses
Best Use
Apartment 5plus
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$909.3K
$795.7K – $1.06M
NOI $63,652 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
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Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Portland, OR
Properties on Market for Multifamily properties in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - City-approved plans provide for a potential seven-unit configuration.
Where is this multifamily property located?
The property is located at 9628 SE HOLGATE BLVD Portland, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1912 Craftsman house with 2 bedrooms, arched doorways, built‑ins, and hardwood floors; 2020 duplex with 2 bedrooms and 1.5 bathrooms in each residence; Private off‑street parking for each duplex side
