Multnomah County Multifamily Buyer
Sell Your Commercial Property In Multnomah County, OR
Multnomah County is the urban center of Oregon, containing Portland and the east-side city of Gresham. Its apartment market spans historic brick walk-ups and new mid-rises in central Portland along with older garden complexes in outer east Portland and Gresham.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Cities We Cover: Portland · Gresham — County seat: Portland
Multnomah County
Where We Buy In Multnomah County
We evaluate apartment buildings of 5+ units across Multnomah County — in each city below, plus smaller towns and unincorporated areas countywide.
Local Market Data
Multnomah County Apartment Market
Figures gathered October 2026 from public market data.
If you plan to sell commercial property in Multnomah County, OR, start with the renter base: 163,104 renter households hold a 46.6% share of the county’s 349,803 occupied homes, per the Census Bureau’s 2020-2024 American Community Survey. Median gross rent reached $1,646, up 33.1% from $1,237 in the 2015-2019 survey.
Portland and Gresham anchor that demand, with Portland alone counting 139,059 renter households. Units in buildings of five or more apartments climbed 15.0% countywide, and rental vacancy sits at 5.2% — tight enough that buyers price lease-up risk carefully across Multnomah County.
Oregon's largest employer sits nearby
Intel employs more than 22,000 people in the Portland metro and reports a $16.8 billion annual Oregon economic impact.OHSU is Portland's largest employer
Oregon Health & Science University reports 22,501 employees and a $5.5 billion operating budget for fiscal year 2025.Rents outpaced income growth
Median gross rent in Multnomah County rose 33.1% between the 2015-2019 and 2020-2024 ACS surveys, faster than the 28.3% income gain.Who rents in Multnomah County
Renters head 163,104 of Multnomah County’s 349,803 occupied households, a 46.6% share in the 2020-2024 ACS. Renter households in Multnomah County grew 10.0% from the 2015-2019 survey, even as population slipped 0.4% to 801,477.
Portland supplies most of Multnomah County’s renter demand, with 139,059 renter households, about 85.3% of the county total. Gresham adds 18,492 renter households, a 44.2% renter share just below the Multnomah County figure.
Rents, growth and affordability
Median gross rent in Multnomah County reached $1,646 in 2020-2024, up 33.1% from $1,237 in 2015-2019. Median household income rose 28.3% to $88,766, yet 53.0% of Multnomah County renters still paid 30% or more of income on rent.
Units in 5+ unit buildings in Multnomah County grew 15.0% to 118,034, a 31.8% share of housing stock. Rental vacancy sits at 5.2%, and HUD’s FY2027 two-bedroom Fair Market Rent for the Portland metro is $1,878 — $232 above Multnomah County’s current median rent.
City-by-city comparison
Portland and Gresham, Multnomah County’s two largest cities, show how density shapes rent. Portland’s units in 5+ buildings make up 33.3% of its stock, versus 28.3% in Gresham.
| City | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| Portland | $1,655 | 48.0% | 33.3% | 5.4% |
| Gresham | $1,586 | 44.2% | 28.3% | 5.0% |
Gresham’s rent grew 34.6% over five years, outpacing Portland’s 32.6% rise to $1,655.
Property taxes and assessment in Multnomah County
Multnomah County taxes real property under Oregon’s Measure 50 system: assessed value is the lesser of real market value and maximum assessed value, capped at 3% annual growth absent new construction, per the Oregon Department of Revenue.
2026-2027 rates per $1,000 of assessed value in Multnomah County run from about $13.03 in east county to $27.5984 in Portland and $20.3625 in Gresham. Multnomah County’s countywide levy totals $2,778,593,014.50 before Measure 5 compression; a sale alone does not trigger reassessment.
What this means if you sell in Multnomah County
When you sell commercial property in Multnomah County, OR, you sell into a tight market: renters hold 46.6% of households and vacancy runs just 5.2%. Buyers weigh that against Oregon’s statewide rent cap, 9.5% for 2026 under ORS 90.324, and Portland’s 90-day notice and relocation rules.
Properties under 15 years old are exempt from that cap. As a multifamily buyer active in Multnomah County, we review 5+ unit buildings from Portland to Gresham. Send a rent roll, a T-12 and your latest tax statement, and we will price the building.
Local Knowledge
Selling Multifamily In Oregon
What we factor into every Multnomah County offer:
More about Oregon →- Oregon caps 2026 rent increases at 9.5%, with exemptions for buildings under 15 years old.
- Portland requires 90 days' notice and relocation assistance for no-cause or qualifying-reason terminations.
- Security deposits have no statutory cap in Oregon, but landlords owe a written accounting within 31 days.
- Multnomah County has no local transfer tax; real property taxes reset under Measure 50's 3% cap.
Property Tax
Property Tax In Multnomah County For Apartment Owners
Homeowners in Multnomah County pay a median of $5,301 a year in property tax on a median home value of $552,700, an effective rate of about 0.96%, according to the Census Bureau’s 2020-2024 American Community Survey. That is above the Oregon statewide average of 0.81%.
How property tax works in Oregon: classes, assessment and appeals →Estimate a building’s tax bill with the property tax calculator →
- Those figures describe owner-occupied homes. An apartment building can be assessed on a different basis or in a different class, so its bill as a share of value may differ.
- A sale can reset the assessed value. Before you price a Multnomah County building, check how Oregon reassesses property after a transfer and model the buyer’s new tax bill.
- Pull the actual tax bill from the Multnomah County assessor or tax collector. City, school and special-district levies stack on top of the county rate.
Seller Guides
Your Situation, Handled — Multnomah County
Learn More
Taxes & Rules For Multnomah County Property
The Oregon rules that shape any deal in Multnomah County: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Our Buy Box
What We Buy In Multnomah County
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Multnomah County Seller FAQ
Does Multnomah County have rent control?
Oregon caps annual rent increases statewide under ORS 90.323 and 90.324, with the maximum set at 9.5% for 2026 per the state's Office of Economic Analysis. Local governments, including Multnomah County, cannot enact their own rent control under ORS 91.225. Buildings less than 15 years old are exempt from the cap.
How much have rents risen in Multnomah County?
Median gross rent in Multnomah County rose from $1,237 in the 2015-2019 ACS to $1,646 in 2020-2024, a 33.1% gain. Portland and Gresham both outpaced that rate, rising 32.6% and 34.6%. HUD's FY2027 two-bedroom Fair Market Rent for the Portland metro is $1,878.
How are apartment buildings assessed for property tax in Multnomah County?
Multnomah County taxes real property at the lesser of real market value and maximum assessed value, which rises at most 3% a year under Measure 50 absent new construction. 2026-2027 consolidated rates range from about $13.03 to $27.5984 per $1,000 of assessed value depending on the code area.
What should I know about security deposits if I sell commercial property in Multnomah County, OR?
Oregon law, ORS 90.300, sets no dollar cap on security deposits, but whoever holds the landlord's interest when a tenancy ends owes the tenant a written accounting within 31 days. That obligation can pass to a buyer, so confirm deposit records before closing on a Multnomah County property.
How do I sell commercial property in Multnomah County, OR?
Send the address, unit count, and any financials. We review Multnomah County apartment buildings of 5+ units, give feedback typically within 48 hours, and follow with a written letter of intent if it fits.
Do you buy apartment buildings throughout Multnomah County?
Yes. We evaluate multifamily properties across Multnomah County, including Portland and Gresham, as well as smaller towns and unincorporated areas. Every property is reviewed on its own fundamentals.
What size Multnomah County properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Will you buy a property that needs work or has high vacancy?
Yes. We underwrite value-add, mismanaged, and distressed properties as they are today — no repairs or lease-up required before selling.
Is it possible to sell rental property in Multnomah County without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Multnomah County?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
How do property taxes factor into a Multnomah County offer?
Property is assessed at the county level (the county seat is Portland), within Oregon rules. Under Measure 50, a property’s assessed value can grow by no more than 3% per year, and it is often well below market value. We confirm the assessed value and model taxes before we make an offer.
Submit A Deal
Have A Property In Multnomah County?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
