Historic Duplex with Two-Car
2237 NE 14TH Ave Portland, OR 97212
2237 NE 14TH Ave, Portland, OR, 97212
$699,000
For Sale
$699,000
MULTI_FAMILY - Portland, OR
Property Size2,200 SF
Lot Size0.12 Acres
Price / SF$317.73
Days on Market38
Property Features for 2237 NE 14TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Standard status
- Active
- APN
- R301147
- Size
- 2,200 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- WEST IRVINGTON, BLOCK 77, LOT 2
- Tax Annual Amount
- 6706
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1902
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Keller Williams PDX Central
(503) 548-4848
919 NE 19th Ave Ste 100, Portland, OR
Listed by
Emily Hetrick · License #200106001
(503) 927-3663
Added: Jun 11 Checked: Jul 18 at 12:06 pm
MLS# 172415944
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.
Investment Insights
Based on property information with market context.
Built in 1902, this classic duplex offers two separate residential units under one roof, with original hardwood floors throughout both homes. The larger main-level unit includes two bedrooms and provides access to an unfinished basement that can support storage and flexible future use. The main floor unit is currently vacant. The upstairs unit is a light-filled one-bedroom home with its own distinct layout and character, including built-ins and oak flooring.
Located in Portland’s Irvington area, the property sits close to local destinations cited in the listing, including Irving Park and Whole Foods, as well as access to the amenities along Broadway. The listing also notes proximity to Irvington Elementary School, about a block away, offering convenient options for residents and day-to-day routines.
Outside, the duplex shares a backyard set among established plantings and trees. An oversized two-car garage includes an upper-level attic space and French doors that open to the yard. A brand new driveway provides off-street parking. With an R5 zoning designation and a vacant main-level unit, the property can suit owner-occupants seeking live-in flexibility or investors looking for a well-preserved duplex configuration with clear unit separation.
Located in Portland’s Irvington area, the property sits close to local destinations cited in the listing, including Irving Park and Whole Foods, as well as access to the amenities along Broadway. The listing also notes proximity to Irvington Elementary School, about a block away, offering convenient options for residents and day-to-day routines.
Outside, the duplex shares a backyard set among established plantings and trees. An oversized two-car garage includes an upper-level attic space and French doors that open to the yard. A brand new driveway provides off-street parking. With an R5 zoning designation and a vacant main-level unit, the property can suit owner-occupants seeking live-in flexibility or investors looking for a well-preserved duplex configuration with clear unit separation.
Key Highlights
- Classic 1902 Irvington duplex with forced air heating and a composition roof
- Updated kitchens with butcher block countertops and refreshed bathrooms with subway tile
- Main‑level unit offers 2 bedrooms and is vacant, with access to an unfinished basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $21.00 |
| − Vacancy | −$2.4k | −$1.09 |
| EGI | $43.8k | $19.91 |
| − OpEx | −$13.1k | −$5.97 |
| NOI | $30.7k | $13.94 |
2,200 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,248 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 1902-era duplex in Portland with original hardwood floors, two-car garage, shared backyard, and one unit currently vacant.
Where is this duplex located?
The property is located at 2237 NE 14TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Classic 1902 Irvington duplex with forced air heating and a composition roof; Updated kitchens with butcher block countertops and refreshed bathrooms with subway tile; Main‑level unit offers 2 bedrooms and is vacant, with access to an unfinished basement
