Apartment Building with Granite
For Sale
$2,875,000
9757 SE HOLGATE Blvd, Portland, OR 97266
MULTI_FAMILY - Portland, OR
Property Size10,603 SF
Lot Size0.21 Acres
Price / SF$271.15
Days on Market567
Property Features for 9757 SE HOLGATE Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
16
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 3, Bathroom 8, Bedroom 1, Bathroom 10, Bedroom 2, Bedroom 16, Bathroom 4, Bedroom 4, Bedroom 9, Bedroom 6, Bathroom 7, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 15, Bathroom 6, Bathroom 9, Bathroom 5, Bedroom 7, Bedroom 8, Bedroom 12, Bathroom 2, Bedroom 11, Bedroom 10, Bedroom 14, Bedroom 13
Middle school
Harrison Park
High school
Leodis McDaniel
Directions
Holgate and 97th
Subdivision
_143
Standard status
Active
APN
R308222
Size
10,603 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
WILLARDS ADD, BLOCK 3, LOT 5 EXC PT IN ST
Tax Annual Amount
23713
Legal Description
WILLARDS ADD, BLOCK 3, LOT 5 EXC PT IN ST
Utilities
Heating system
Zoned
Building Details
Year built
2021
Floors in Building
3
Number of units
12
Roof type
Composition
Listing Agency:
Windermere Community Realty
(503) 249-1706
Listed By:
Tim Wei · License #930400088
(503) 349-1981
Added: Jan 13, 2025
Changed: Aug 1
Last Checked: Aug 3 at 3:06AM
MLS# 490880303
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.
Investment Insights
Based on property information with market context.
This apartment building was built in 2021 and has all units currently rented. Interiors are described with slab granite countertops, stainless steel appliances, and laminate flooring. The property includes zoned heating and a composition roof. Tenants pay for their utilities, while the owner maintains the landscaping. Recycle and garbage are also included as noted, and interior pictures were taken when the building was completed in late 2021.
The property sits on a 0.21-acre lot and totals 10,603 square feet of building area. It is located near a bus line and transit center. The listing indicates offers are subject to interior inspection.
The property sits on a 0.21-acre lot and totals 10,603 square feet of building area. It is located near a bus line and transit center. The listing indicates offers are subject to interior inspection.
Key Highlights
- Built in 2021 apartment building with all units rented
- 0.21‑acre lot
- R2.5 zoning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.8k | $24.60 |
| − Vacancy | −$13.3k | −$1.25 |
| EGI | $247.5k | $23.35 |
| − OpEx | −$111.4k | −$10.51 |
| NOI | $136.1k | $12.84 |
10,603 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.27M
NOI $136,142 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,431 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
337
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with zoned heating, composition roof, and R2.5 zoning, with all units rented and tenant-paid utilities.
Where is this apartment building located?
The property is located at 9757 SE HOLGATE Blvd Portland, OR.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Built in 2021 apartment building with all units rented; 0.21‑acre lot; R2.5 zoning
