

Listed by MORE Realty
$949,900
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


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