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Three-Unit Short-Term Rental Property

9647 SW CAPITOL HWY, Portland, OR 97219

For Sale
Contact for pricing

Furnished studios each include a private entrance, kitchenette, and bathroom, with the property operating year-round.

Property SizeContact for details
Lot Size0.11 Acres
Days on Market32

Property Features for 9647 SW CAPITOL HWY

General Information

Standard status Active
Lot size 0.11 Acres
Property subtype Multifamily
Zoning CM2d
Occupancy 86%
Net Operating Income $76,405

Financials

Asking Price $850,000
Cap Rate 9%
Gross Income $113,233

Site & Location

Neighborhood West Portland Park

Additional Details

Furnished Yes
Multifamily Units 3
Currently Operating Yes
Listing Agency: Kelly Right Real Estate
Listed By: Jacob Serrill · License OR #201228311
Source: Crexi
Added: Oct 10 Changed: Nov 8 Last Checked: Nov 8 at 5:11PM

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 Kelly Right Real Estate

Rey
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Investment Insights

Based on property information with market context.

The property comprises three furnished, permitted short-term rental studios. Each has a separate entrance, kitchenette, and bathroom, and the operation runs year-round. Furniture, fixtures, and supplies are included. The site measures 4,580 square feet and is zoned CM2d.

For the trailing 12 months from July 2025 through June 2026, the property recorded 937 booked nights and 85.6% occupancy, with a 9.0% cap rate. Permit scope and transferability are subject to buyer verification.

Key Highlights

  • Three furnished, permitted short‑term rental studios
  • Each studio has a separate entrance, kitchenette, and bathroom
  • Year‑round operation; furniture, fixtures, and supplies convey

Property Analytics

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Lease Details

3
Residential units
85.6%
Occupancy

Location Intelligence

Trade Area within ½ mile

930
Businesses Nearby

Demographics for 97219, OR

42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Furnished studios each include a private entrance, kitchenette, and bathroom, with the property operating year-round.
Where is this short term rental property located?
The property is located at 9647 SW CAPITOL HWY Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three furnished, permitted short‑term rental studios; Each studio has a separate entrance, kitchenette, and bathroom; Year‑round operation; furniture, fixtures, and supplies convey
(503) 780-7521 Call to check price and availability
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