Updated Duplex With Separate
2704 SE 84TH Ave, Portland, OR 97266
New
MULTI_FAMILY - Portland, OR
Property size:
2,970 SFLot size:
0.12 AcresPrice / SF:
$184/SF- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 6:06 pm
Property Features for 2704 SE 84TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Standard status
- Active
- APN
- R554130
- Size
- 2,970 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- LISA'S COURT, LOT 2
- Tax Annual Amount
- 6202
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Lisa Mehlhoff (503) 490-4888
Listing office Real Broker 2175 NW Raleigh Street, ste 110, Portland, OR (855) 450-0442
Listing date Jun 19, 2026
MLS# 368268886
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.
HighLights
- Portland duplex built in 1910 with separate front entrances and two separate living quarters
- Updates include a new roof (2023), new Goodman heat pump and air handler (2024), and central air
- Electrical and plumbing upgrades: updated 200‑amp electrical service with all new wiring, plus new ABS and PEX plumbing throughout
- North unit features 4 bedrooms, 2 full bathrooms, and a main‑level primary suite with walk‑in closet; includes pantry storage and basement access via exterior door
- South unit has 2 bedrooms and 1 bathroom, with a layout including great room, living room, kitchen, dining, and flex space
- Rental potential noted in remarks: approximately $4,800/month total; north unit approximately $3,000/month and south unit previously about $1,800/month
Overview
This updated Portland duplex is move-in-ready and designed for owner-occupancy or dual living. It includes two separate units with two front entrances for added flexibility. The north unit features four bedrooms and two full bathrooms, with a main-level primary suite that includes a walk-in closet, pantry storage, and a basement with an exterior door. The south unit offers two bedrooms and one bathroom with a great room, living room, kitchen, dining, and flex space. The home has been extensively updated, including a new roof in 2023, a new Goodman heat pump and air handler in 2024, an updated 200-amp electrical service with new wiring, and new ABS and PEX plumbing throughout. Interior updates include refreshed flooring, remodeled kitchens and bathrooms with quartz countertops, new cabinetry, and modern appliances. The spacious basement provides valuable storage, and there is ample off-street parking.
The property sits on a 0.12-acre lot and is located near PCC Southeast Campus, shopping, restaurants, grocery stores, public transportation, and I-205.
This duplex can fit a range of buyers, including house hackers seeking to live in one unit while renting the other, multigenerational households needing separate quarters, or investors looking for a residential income property with two distinct living areas, separate entrances, and strong on-site storage. The combination of recent mechanical, electrical, and plumbing updates is intended to support peace of mind for an owner after move-in.
The property sits on a 0.12-acre lot and is located near PCC Southeast Campus, shopping, restaurants, grocery stores, public transportation, and I-205.
This duplex can fit a range of buyers, including house hackers seeking to live in one unit while renting the other, multigenerational households needing separate quarters, or investors looking for a residential income property with two distinct living areas, separate entrances, and strong on-site storage. The combination of recent mechanical, electrical, and plumbing updates is intended to support peace of mind for an owner after move-in.
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 | $62.4k | $21.00 |
| − Vacancy | −$3.2k | −$1.09 |
| EGI | $59.1k | $19.91 |
| − OpEx | −$17.7k | −$5.97 |
| NOI | $41.4k | $13.94 |
2,970 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$591.3K
$517.4K – $689.8K
NOI $41,389 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$544.8K
$476.7K – $635.6K
NOI $38,135 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$834.0K
$729.8K – $973.1K
NOI $58,383 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.57654
- Latitude
- 45.503188
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in-ready duplex with extensive upgrades, two separate front entrances, and spacious basement storage.
Where is this duplex located?
The property is located at 2704 SE 84TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Portland duplex built in 1910 with separate front entrances and two separate living quarters; Updates include a new roof (2023), new Goodman heat pump and air handler (2024), and central air; Electrical and plumbing upgrades: updated 200‑amp electrical service with all new wiring, plus new ABS and PEX plumbing throughout
