Apartment Building with Granite
For Sale
$2,875,000
9757 SE HOLGATE Blvd, Portland, OR 97266
MultiFamily, Portland, OR
Property Size10,603 SF
Lot Size0.21 Acres
Price / SF$271.15
Days on Market659
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 15, Bathroom 4, Bathroom 8, Bedroom 13, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 10, Bathroom 6, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 11, Bedroom 12, Bathroom 7, Bathroom 3, Bedroom 4, Bedroom 16, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 14, Bathroom 10, Bedroom 1, Bathroom 9
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
Additional Details
Tenant in Place
Yes
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: Oct 23
Last Checked: Nov 2 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 10,603-square-foot apartment property was completed in 2021 on a 0.21-acre site and is zoned R2.5. The room configuration includes 16 bedrooms and 10 bathrooms. Interior features include slab granite countertops, stainless steel appliances, and laminate flooring. Heating is zoned, and the building has a composition roof.
All units are rented or leasing. Tenants pay their own utilities, while ownership maintains the landscaping and handles recycling and garbage services. The property is located at 9757 SE HOLGATE Blvd in Portland, near a bus line and transit center.
All units are rented or leasing. Tenants pay their own utilities, while ownership maintains the landscaping and handles recycling and garbage services. The property is located at 9757 SE HOLGATE Blvd in Portland, near a bus line and transit center.
Key Highlights
- 10,603 square feet on a 0.21‑acre site
- Completed in 2021 with 16 bedrooms and 10 bathrooms
- R2.5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,142
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,840
$2.7M
Cap Rate 7%
$1,944,886
$1.9M
Cap Rate 9%
$1,512,689
$1.5M
Market Conditions
NOI Build-Up for 10,603 SF
Gross rent
$260.8K $24.60/SF
− Vacancy
−$13.3K −$1.25/SF
EGI
$247.5K $23.35/SF
− OpEx
−$111.4K −$10.51/SF
NOI
$136.1K $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%
$2,722,840
Cap Rate 7%
$1,944,886
Cap Rate 9%
$1,512,689
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.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
378
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently constructed multifamily property with leased units, tenant-paid utilities, and convenient access to bus and transit service.
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: 10,603 square feet on a 0.21‑acre site; Completed in 2021 with 16 bedrooms and 10 bathrooms; R2.5 zoning
