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    The Largest CRE Database in the US with Over 1 Million Listings

    16473 NW Liberty St Portland, OR 97229

    Sponsored
    For Sale
    $989,000

    MULTI_FAMILY - Portland, OR

    Property size:
    3,018 SF
    Days on Market:
    2
    Last Refresh:
    Feb 12 at 1:06 am

    Property Features for 16473 NW Liberty St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    r5
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 3
    Bedrooms
    6
    APN
    R2202594
    Size
    3,018 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Floors in Building
    3
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Leon Simms

    MORE Realty (503) 353-6673

    Listing agent Leon Simms (503) 353-6673

    Listing date Feb 11, 2026

    MLS# 318404281 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

    Versatile Duplex in Portland

    This innovative duplex in Portland, Oregon, offers flexibility and comfort with two separate homes that can be combined. Unit A features 2,000 square feet, four bedrooms, and three and a half bathrooms, including two en-suited bedrooms, a third bedroom with direct access to a full bath, and an oversized fourth bedroom/bonus room with an exterior door to a covered porch in a turfed lawn fenced rear yard. Unit B provides 1,000 square feet of single-level living with two bedrooms, two bathrooms, vaulted ceilings, and a covered balcony. A full lockout door between the units allows combining both units into a 3,000-square-foot home with six bedrooms, five and a half bathrooms, two complete kitchens, living areas, and garages. Stairways are designed to accept a chairlift system. The property features two full kitchens with gas cooking, quartz counters, and high-end appliances, as well as two single-car garages and central air conditioning. The exterior includes low-maintenance landscaping and abundant on-street parking. The property is suitable for multi-generational living, long- or short-term rentals, or live/work use, and is a 1031 exchange opportunity. There are no rental restrictions and no HOA. The property is located in a quiet neighborhood near Bethany Village shopping, dining, top-rated schools, and Hwy. 26. Both homes are fully equipped, including window coverings and washer and dryers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.847229
    Latitude
    45.574097

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    FAQs

    What type of property is this?
    1031 exchange property - Innovative duplex perfect for multi-generational living or investment.
    Where is this 1031 exchange property located?
    The property is located at 16473 NW Liberty St Portland, OR.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Flexible living options: Use as two separate units or combine into a single 6-bedroom home.; - Turn-key investment: Fully equipped with appliances and window coverings, ready for immediate occupancy.; - Ideal for various uses: Perfect for multi-generational living, rentals (long or short term), or live/work arrangements; suitable for a 1031 exchange.
    (503) 353-6673
    Request Owner's contact information
    16473 NW Liberty St Portland, OR 97229
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    Portland, OR 97229
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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
    16473 NW Liberty St Portland, OR 97229
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    We can help!
    Listing Contact
    Leon Simms
    Real Estate License ID: 860900098
    (503) 353-6673
    Learn more
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