Craftsman Duplex with Full
3136 NE COUCH St Portland, OR 97232
For Sale
$850,000
MULTI_FAMILY - Portland, OR
Property Size2,472 SF
Lot Size0.10 Acres
Price / SF$343.85
Days on Market147
Property Features for 3136 NE COUCH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Standard status
Active
APN
R177733
Size
2,472 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
HAWTHORNES 1ST ADD, BLOCK 21, LOT 4 TL 19300
Tax Annual Amount
12856
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1926
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
John L. Scott
(503) 645-7433
Listed By:
Cathleen Clark Thomas
(503) 756-1431
Added: Mar 5
Changed: Jul 29
Last Checked: Jul 30 at 11:06AM
MLS# 387681244
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.
This craftsman duplex offers two separate residential units, each configured as a 2-bedroom, 1-bath layout. The property includes original hardwood floors and abundant natural light throughout, along with a shared backyard for outdoor use. A full basement provides additional enclosed space, and off-street parking supports day-to-day convenience.
Located in Portland’s Kerns area, the property is described as steps from Laurelhurst Park and close to nearby dining and retail along NE 28th and Burnside.
Zoned R2.5, the duplex delivers a straightforward two-unit configuration within a small residential lot setting.
Located in Portland’s Kerns area, the property is described as steps from Laurelhurst Park and close to nearby dining and retail along NE 28th and Burnside.
Zoned R2.5, the duplex delivers a straightforward two-unit configuration within a small residential lot setting.
Key Highlights
- 1926‑built duplex with heat pump (heating and cooling)
- Roof is composition
- Original hardwood floors noted in each 2 bed/1 bath unit
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 | $51.9k | $21.00 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $49.2k | $19.91 |
| − OpEx | −$14.8k | −$5.97 |
| NOI | $34.4k | $13.94 |
2,472 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.2K
NOI $34,449 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$453.4K
$396.8K – $529.0K
NOI $31,740 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$694.2K
$607.4K – $809.9K
NOI $48,594 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two 2-bedroom, 1-bath units, original hardwood floors, shared backyard, full basement, and off-street parking.
Where is this duplex located?
The property is located at 3136 NE COUCH St Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1926‑built duplex with heat pump (heating and cooling); Roof is composition; Original hardwood floors noted in each 2 bed/1 bath unit
