Four-Unit Townhouse
New
For Sale
$1,599,900
9698 SW 54th Ave, Portland, OR 97219
MultiFamily, Portland, OR
Property Size3,731 SF
Lot Size0.11 Acres
Price / SF$428.81
Days on Market2
Property Features for 9698 SW 54th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R5
Bedrooms
6
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 6, Bathroom 8, Bathroom 9, Bathroom 2, Bathroom 6, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 7
Subdivision
ASHCREEK-CRESTWOOD
Elementary school
Markham
Middle school
Jackson
High school
Ida B Wells
Directions
SW Taylors Ferry Rd, north on SW 54th Ave.
Standard status
Active
APN
R301940
Size
3,731 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
WEST PORTLAND, BLOCK 38, LOT 15
Legal Description
WEST PORTLAND, BLOCK 38, LOT 15
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
stacked laundry
individual patios
mini-split HVAC
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Roof type
Composition, Metal
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle
(503) 709-4632
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 11:06PM
MLS# 244314087
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This under-construction quadplex contains four townhouse residences with a combined 3,731 square feet. Each home has two bedrooms, two full bathrooms, a main-level powder room, open living and dining areas, and a kitchen. Stacked laundry is located upstairs, and each residence has a concrete patio. Heat pump systems provide heating and cooling. The property occupies 0.11 acres and is zoned R5; the stated year built is 2026.
Dickinson Park, Woods Memorial Natural Area, PCC Sylvania, and Barbur World Foods are nearby. Shopping and dining options are available along SW Barbur Boulevard, with access to SW Taylors Ferry Road and SW Capitol Highway.
Dickinson Park, Woods Memorial Natural Area, PCC Sylvania, and Barbur World Foods are nearby. Shopping and dining options are available along SW Barbur Boulevard, with access to SW Taylors Ferry Road and SW Capitol Highway.
Key Highlights
- Four townhouse residences with 3,731 square feet combined
- 0.11‑acre property zoned R5
- Each residence has 2 bedrooms, 2 full bathrooms, and a main‑level powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,791
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,820
$1.1M
Cap Rate 7%
$782,729
$782.7K
Cap Rate 9%
$608,789
$608.8K
Market Conditions
NOI Build-Up for 3,731 SF
Gross rent
$82.8K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$78.3K $20.98/SF
− OpEx
−$23.5K −$6.29/SF
NOI
$54.8K $14.69/SF
Area
ZIP 97219
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,820
Cap Rate 7%
$782,729
Cap Rate 9%
$608,789
Alternative Uses
Best Use
Multifamily LT 5
$782.7K
$684.9K – $913.2K
NOI $54,791 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$689.6K
$603.4K – $804.6K
NOI $48,275 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.05M
$916.8K – $1.22M
NOI $73,343 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms, two full bathrooms, and a main-level powder room.
Where is this quadplex located?
The property is located at 9698 SW 54th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Four townhouse residences with 3,731 square feet combined; 0.11‑acre property zoned R5; Each residence has 2 bedrooms, 2 full bathrooms, and a main‑level powder room
