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    11510 SW 61St Ave Portland, OR 97219

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    Sponsored
    For Sale
    $1,198,000

    MULTI_FAMILY - Portland, OR

    Property size:
    3,579 SF
    Lot size:
    0.23 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 17 at 1:06 am

    Property Features for 11510 SW 61St Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R10
    Rooms
    Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4
    Bedrooms
    6
    Bathrooms
    5
    APN
    R240782
    Size
    3,579 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Floors in Building
    2
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Dita Razzouk
    Dita Razzouk

    MORE Realty (503) 353-6673

    Listing agent Dita Razzouk (503) 353-6673

    Listing date Mar 16, 2026

    MLS# 773732051 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Luxury Duplex in Prime Location

    This luxury duplex features two distinct homes in a convenient location, suitable for an owner-occupant seeking comfort and income. A double firewall separates the units. The primary unit, located at 11450 SW Capitol Hwy, is spacious and versatile with 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, and two private decks, including one off the primary suite. The great room offers treed views, surround sound, and a granite kitchen countertop. This unit can function as a 4-bedroom with the addition of a wall and includes a second entry suitable for a home office or live-work setup. The attached 2-car garage includes a side-entry door. The under-house area provides additional storage potential with the addition of a floor and door. The secondary unit, located at 11510 SW 61st Ave, is a maintained residence with its own address, suitable for generating rental income or supporting multigenerational living. It features 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, two private decks, including one off the primary suite, and an attached 2-car garage. The property is located on a 0.23-acre lot. The property offers flexibility for various lifestyles, including living in one home while enjoying income from the other, creating a private workspace, or accommodating extended family. The property is zoned R10.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.739235
    Latitude
    45.442515

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    FAQs

    What type of property is this?
    Duplex - Two well-designed homes ideal for owner-occupant or multigenerational living.
    Where is this duplex located?
    The property is located at 11510 SW 61St Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,198,000.
    What are key features of this property?
    This property features: - Two distinct homes in one property, ideal for owner-occupancy with mortgage-offset income.; - Strong rental income potential from the secondary unit with excellent rental history.; - Spacious primary unit adaptable as a 4-bedroom with a second entry suitable for a home office or live-work space.
    (503) 267-1404
    Request Owner's contact information
    11510 SW 61St Ave Portland, OR 97219
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    Portland, OR 97219
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11510 SW 61St Ave Portland, OR 97219
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    We can help!
    Listing Contact
    Dita Razzouk
    Dita Razzouk
    (503) 267-1404 (503) 353-6673
    Learn more
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