Three-Home Multifamily
9726 Se Clinton St, Portland, OR 97266
For Sale
$849,000
Three leased residences occupy a corner parcel with RM1 zoning and potential for additional residential development.
Property Size3,436 SF
Lot Size0.44 Acres
Price / SF$247.09
Days on Market19
Property Features for 9726 Se Clinton St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Savi Realty, Inc.
Listed By:
Gabe Terreson
(360) 993-5800
Source:
Portlandoregonhomelistings
Added: Oct 27
Changed: Nov 12
Last Checked: Nov 10 at 2:15PM
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 Savi Realty, Inc.
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Investment Insights
Based on property information with market context.
Three homes totaling 3,436 square feet sit on a 0.44-acre corner tax lot. The property includes two three-bedroom residences and one two-bedroom residence; all are leased and seller-maintained. Built in 1927, the property is zoned RM1, which permits duplexes, triplexes, rowhouses and small apartment buildings. Additional land may support residential development, and the property can be financed as a triplex.
The site is at SE 98th and Clinton, east of I-205 and near the SE Division exit. Transit options include the MAX Green Line and frequent bus service on Division. The I-205 bike and walking path, shopping, grocery stores, restaurants along SE Division and 82nd Avenue, and Mall 205 are nearby.
The site is at SE 98th and Clinton, east of I-205 and near the SE Division exit. Transit options include the MAX Green Line and frequent bus service on Division. The I-205 bike and walking path, shopping, grocery stores, restaurants along SE Division and 82nd Avenue, and Mall 205 are nearby.
Key Highlights
- Three residences on a 0.44‑acre corner tax lot
- Two 3‑bedroom homes and one 2‑bedroom home; all are leased
- 3,436‑square‑foot property, built in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,118
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,360
$882.4K
Cap Rate 7%
$630,257
$630.3K
Cap Rate 9%
$490,200
$490.2K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$84.5K $24.60/SF
− Vacancy
−$4.3K −$1.25/SF
EGI
$80.2K $23.35/SF
− OpEx
−$36.1K −$10.51/SF
NOI
$44.1K $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%
$882,360
Cap Rate 7%
$630,257
Cap Rate 9%
$490,200
Alternative Uses
Best Use
Apartment 5plus
$630.3K
$551.5K – $735.3K
NOI $44,118 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$964.9K
$844.3K – $1.13M
NOI $67,544 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
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
$420,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Three leased residences occupy a corner parcel with RM1 zoning and potential for additional residential development.
Where is this multifamily property located?
The property is located at 9726 Se Clinton St Portland, OR.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three residences on a 0.44‑acre corner tax lot; Two 3‑bedroom homes and one 2‑bedroom home; all are leased; 3,436‑square‑foot property, built in 1927
