2532 SE 17TH Ave Portland, OR 97202
MULTI_FAMILY - Portland, OR
Property Features for 2532 SE 17TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- R211176
- Size
- 2,958 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- MADELINE, BLOCK 2, S 35' OF LOT 15, N 5' OF LOT 16, POTENTIAL ADD
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Valerie Hunter License #200110149 (541) 419-7253
Listing office H & H Preferred Real Estate 13551 SE 145th Ave, HAPPY VALLEY, OR (971) 221-3109
Listing date Apr 16, 2026
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.
Situated in close-in SE Portland, the home is described as one block from a major bike route and moments from New Seasons, dining, shopping, entertainment, and convenient public transportation. Walk Score is listed as 94 and Bike Score as 100; buyers should verify all information.
The duplex is on a 0.09-acre lot and is offered in R2 zoning. The listing notes the opportunity is well suited for owner-occupants or investors operating a live-in arrangement, with one unit rented out.
Key Highlights
- Charming duplex built in 1905 with forced air heating, composition roof, and classic Old Portland character
- Both units updated with new kitchen appliances, updated flooring, and fresh interior and exterior paint
- Recent major system upgrades include two new furnaces and new water heaters
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 | $65.7k | $22.20 |
| − Vacancy | −$4.3k | −$1.44 |
| EGI | $61.4k | $20.76 |
| − OpEx | −$18.4k | −$6.23 |
| NOI | $43.0k | $14.53 |
