Portland Multifamily with Airbnb
3412 SW 13TH Ave, Portland, OR 97239
MULTI_FAMILY - Portland, OR
Property size:
4,781 SFLot size:
0.12 AcresPrice / SF:
$172/SF- Added:
- Feb 7, 2025
- Days on Market:
- 470
- Last Refresh:
- May 23 at 9:06 pm
Property Features for 3412 SW 13TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 4, Bathroom 6, Bedroom 8
- Standard status
- Active
- APN
- R247211
- Size
- 4,781 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- PORTLAND CITY HMSTD, BLOCK 57, LOT 7
- Tax Annual Amount
- 13397
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1950
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Metal
Listing agent Zachary Eaton License #201206055 (503) 349-7037
Listing office Keller Williams Realty Professionals 9755 SW Barnes Rd Ste 560, Portland, OR (503) 546-9955
Listing date Feb 7, 2025
MLS# 596525215
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
- Prime location in Portland's SW Hills, near restaurants, PSU, downtown, OHSU, and Marquam Nature Park.
- Flexible living options: multigenerational living, home office, Airbnb potential, or in‑law/nanny suite.
- Separate lower‑level unit with full kitchen, living room with fireplace, 2 bedrooms, 1 bathroom, and separate entrance.
- Recent updates: new paint (inside & out), kitchen, appliances, light fixtures, carpet, refinished wood floors, new furnace, and mini‑split.
- Main house features 6 bedrooms, 4 full bathrooms, bonus room, family room with fireplace, and spacious kitchen.
- Low‑maintenance lot with trees and territorial views.
Overview
Located in the heart of Portland's SW Hills, this multifamily property offers flexibility for multigenerational living, a home office, Airbnb potential, or an in-law/nanny suite. The property is situated on a low-maintenance lot with territorial views. The main part of the house features six bedrooms, four full bathrooms, a bonus room, a family room with a fireplace, and a spacious kitchen with an adjacent dining room. The lower level unit, accessible via a separate entrance, includes a full kitchen, dining area, laundry room, spacious living room with a fireplace, two bedrooms, and one full bathroom. Recent updates include new paint inside and out, kitchen upgrades, new appliances, light fixtures, carpet, refinished wood floors, a new furnace, and a mini-split system. The property is zoned R5 and offers 4781 square feet of living space on a 0.12-acre lot. It is located minutes from restaurants, Portland State University, and downtown Portland, and a short walk to Oregon Health & Science University and Marquam Nature Park. This property is suitable for short-term rentals.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$740.3K
NOI $66,626 @ 9.00% cap · cautious / downside scenario
Moderate
$951.8K
NOI $66,626 @ 7.00% cap · market / base-case scenario
Aggressive
$1.33M
NOI $66,626 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.4k | $21.00 |
| − Vacancy | −$5.2k | −$1.09 |
| EGI | $95.2k | $19.91 |
| − OpEx | −$28.6k | −$5.97 |
| NOI | $66.6k | $13.94 |
4,781 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$951.8K
$832.8K – $1.11M
NOI $66,626 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$877.0K
$767.4K – $1.02M
NOI $61,388 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,984 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Inn at Marquam Hill
Bed & Breakfast
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.692923
- Latitude
- 45.498157
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multigenerational home in SW Hills with income and Airbnb potential.
Where is this duplex located?
The property is located at 3412 SW 13TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Prime location in Portland's SW Hills, near restaurants, PSU, downtown, OHSU, and Marquam Nature Park.; Flexible living options: multigenerational living, home office, Airbnb potential, or in‑law/nanny suite.; Separate lower‑level unit with full kitchen, living room with fireplace, 2 bedrooms, 1 bathroom, and separate entrance.
