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About this home
Fantastic Opportunity! Rare 4-Plex in Hillsdale/Multnomah area. 3 units completely renovated with new flooring, paint, appliances. New exterior paint, new gutters. Low maintenance metal roofing. Great rents, low expenses. Professionally managed by West Ridge Property Management.
Multnomah Village, located between Hillsdale and Garden Home, is a walkable and village-like Portland neighborhood with a compact main street and a wooded, creekside backdrop. The neighborhood’s character concentrates around SW Multnomah Blvd and SW 35th Ave, where bookshops, bakeries, pubs, and small galleries line the sidewalks. Landmark architecture leans Craftsman and mid-century, with tidy bungalows and low-slung ranch homes on leafy blocks. Village Books anchors the literary streak, while the Multnomah Arts Center adds studios, classes, and performances. Gabriel Park’s trails and fields shape daily routines, and nearby Tryon Creek State Natural Area brings a forested edge to the grid.
Provided by Walk Score and Local Logic
Offer insights
6855 SW Capitol Hwy · $949,000
$945K and above
75% chance or better to win
Why $945K+ is a strong offer
DAYS ON MARKET
84 days
The average home goes pending in 51 days.
SALE-TO-LIST
97.9%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Individual storage units
Basement storage space
Bedrooms
Eight bedrooms across four units, with two bedrooms in each unit
Bathrooms
Four bathrooms across four units, with one bathroom in each unit
Kitchen
Dishwasher, range, refrigerator
Laundry & utility
Laundry
Flooring
Hardwood floors
Heating & cooling
Baseboard heating
Exterior features
Front yard landscaping
Gentle slope
Woods view
Home design
Four-unit multifamily property
Parking
Off-street parking for four vehicles
Construction
Built in 1962
Hard concrete stucco exterior
Metal roof
Concrete perimeter foundation
Utilities
Electricity
Cable internet
Public water
Public sewer
Financial info
Actual rents range from $1,600 to $1,695 per unit
Capitalization rate: 4.84%
Gross rent multiplier: 11.28
Rent includes trash collection
Electricity and solar
View estimated energy costs and solar savings for this home
The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jul 28, 2026 • Active
Tree code
Remove and replant a street tree.
Grading
May 13, 2026 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 91° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97219
Average low and high temperatures (°F)
47
37
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38
56
43
64
45
70
50
77
54
83
58
84
62
76
58
61
49
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6855 SW Capitol Hwy
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $650,000 and $1,075,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $650K to $1.1M.