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33762556
33762555

3216 SW 11th Ave, Portland, OR 97239

JS
OR 201237728
MORE Realty
Listed by MORE Realty
$949,900
12 days on market
Updated 10 days ago

3216 SW 11th Ave

Details
APN R247301
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,330
Units 4
Cap Rate 4.23%
Price per SqFt $285
Class B
Year Built 1974
Stories 3
Lot Size (SqFt) 5,227
Zoning RM3

4-Plex just steps away from OHSU!

Marketing description

Excellent, well-maintained four-plex within a short walk to OHSU. Tucked away on a quiet, no-through street, this attractive property offers a peaceful residential setting with strong appeal to both owner-occupants and investors. One unit is currently vacant, creating the perfect opportunity for a buyer to move in immediately and offset their mortgage with rental income from the other three units. For investors, the property benefits from strong rents and a reliable tenant pool of medical professionals and staff who value close proximity to OHSU. The building is in good condition and features assigned off-street parking for each unit, east-facing views, and a private deck ideal for enjoying morning coffee or relaxing outdoors. Whether you're looking to build wealth by living in one unit while your tenants help pay the mortgage, or seeking a stable investment in one of Portland's most consistently desirable rental locations, this four-plex is an outstanding opportunity.

Investment highlights

  • Flooring: Wood
  • Basement: Partial
  • Stories: 3
    • Patio & porch: Deck
    • Has view: Yes
    • View description: City, Territorial
    • Price per square foot: $285/sqft
      • Tax assessed value: $1,012,030
      • Annual tax amount: $13,580
      • Date on market: 6/18/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Total actual rent: 4560
      • Road surface type: Paved

      Listing Contacts

      JS
      OR 201237728
      MORE Realty
      Listed by MORE Realty

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      Zoning

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      RM3 ResidentialMulti FamilyResidential Multi Dwelling 3
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      View all 31 uses
      View all 31 uses
      Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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      Property History

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      Additional Information

      Name
      Jeff Stephens
      License
      201237728
      Brokerage
      MORE Realty
      Brokerage Phone
      503-353-6673
      *All information is deemed reliable but not guaranteed. Buyer to verify all information.
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