Updated Duplex with New
For Sale
$779,900
4030 SE MAIN St, Portland, OR 97214
MultiFamily, Portland, OR
Property Size3,195 SF
Lot Size0.10 Acres
Price / SF$244.10
Days on Market96
Property Features for 4030 SE MAIN St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Elementary school
Sunnyside Env
Middle school
Sunnyside Env
High school
Franklin
Directions
SE Cesar Chavez East on Main to property
Subdivision
_143
Standard status
Active
APN
R281262
Size
3,195 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SUNNYSIDE ADD, BLOCK 15, LOT 11, POTENTIAL ADDITIONAL TAX
Legal Description
SUNNYSIDE ADD, BLOCK 15, LOT 11, POTENTIAL ADDITIONAL TAX
Utilities
Heating system
Forced Air
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Listing Agency:
H & H Preferred Real Estate
(971) 221-3109
Listed By:
Valerie Hunter · License #200110149
(541) 419-7253
Added: May 28
Changed: Aug 31
Last Checked: Aug 31 at 3:06PM
MLS# 704412835
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 two-unit residential property provides 3,195 square feet on a 0.1-acre lot and was originally built in 1890. Recent improvements include redesigned kitchens with quartz countertops and new appliances, refreshed bathrooms, replacement flooring, and new paint inside and out. The property also has new garage doors, a new 30-year architectural shingle roof, a new furnace, and a newly installed sewer line. Forced-air heating serves the building.
Positioned in Southeast Portland, the property is two blocks from the center of Hawthorne, with nearby dining, shopping, entertainment, and coffee shops. Walk Score is 90-94 and Bike Score is 95+. R2.5 zoning supports the duplex configuration. The layout may suit an owner occupant seeking separate rental income from the second unit or a buyer evaluating a two-unit residential asset.
Positioned in Southeast Portland, the property is two blocks from the center of Hawthorne, with nearby dining, shopping, entertainment, and coffee shops. Walk Score is 90-94 and Bike Score is 95+. R2.5 zoning supports the duplex configuration. The layout may suit an owner occupant seeking separate rental income from the second unit or a buyer evaluating a two-unit residential asset.
Key Highlights
- 3,195 square feet on a 0.1‑acre lot
- Duplex with renovated kitchens, bathrooms, flooring, and interior and exterior paint
- New 30‑year architectural shingle roof and new sewer line
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,524
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$890,480
$890.5K
Cap Rate 7%
$636,057
$636.1K
Cap Rate 9%
$494,711
$494.7K
Market Conditions
NOI Build-Up for 3,195 SF
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.
Gross rent
$67.1K $21.00/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$63.6K $19.91/SF
− OpEx
−$19.1K −$5.97/SF
NOI
$44.5K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$890,480
Cap Rate 7%
$636,057
Cap Rate 9%
$494,711
Alternative Uses
Best Use
Multifamily LT 5
$636.1K
$556.6K – $742.1K
NOI $44,524 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$586.1K
$512.8K – $683.7K
NOI $41,024 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$897.2K
$785.1K – $1.05M
NOI $62,806 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with renovated interiors, separate garages, and R2.5 zoning near Hawthorne’s dining, retail, and entertainment.
Where is this duplex located?
The property is located at 4030 SE MAIN St Portland, OR.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: 3,195 square feet on a 0.1‑acre lot; Duplex with renovated kitchens, bathrooms, flooring, and interior and exterior paint; New 30‑year architectural shingle roof and new sewer line
