Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    411 NE 92Nd Ave Portland, OR 97220

    Sponsored
    For Sale
    $499,000

    MULTI_FAMILY - Portland, OR

    Property size:
    1,792 SF
    Lot size:
    0.12 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 411 NE 92Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R 2.5
    Rooms
    Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
    Bedrooms
    3
    APN
    R265856
    Size
    1,792 SF
    Lot size
    0.12 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1943
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Steve Brian

    Living Room Realty (503) 719-5588

    Listing agent Steve Brian (503) 719-5588

    Listing date Feb 17, 2026

    MLS# 637695780

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex in Montavilla

    This turnkey duplex, remodeled in 2024, features two updated units, making it suitable for investors, multi-generational living, or owner-occupants. The upper unit includes 3 bedrooms and 1 bathroom with new systems, quartz counters, stainless appliances, luxury vinyl plank flooring, a modern bath, fresh paint, updated fixtures, and new plumbing and electric systems. The open living and dining area benefits from clean lines, durable finishes, and new windows. Each bedroom has closet storage, and the layout provides flow from the kitchen to the living space. The lower level is a fully updated studio with its own kitchen, full bath, laundry, and private entrance, suitable as a rental, guest suite, or separate living quarters. It features fresh finishes, an open layout, new flooring, and built-in shelving. The property includes fenced off-street parking, a low-maintenance yard, and a shared garage divided into private storage bays for each unit. All major updates were completed in 2024. Located in NE Portland's Montavilla area, the property offers access to local parks, shops, transit, dining, the Montavilla Farmers Market, and community amenities. Freeway access simplifies commuting, while neighborhood charm supports long-term rental demand. The property, situated on a lot of 0.12 acres, offers 1792 square feet of space. The zoning is R 2.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.56964
    Latitude
    45.525688

    Nearby Similar for Sale

    • $1,475,000
      5,899 SF

      Turn-Key Multifamily Investment Opportunity

      Well-maintained, income-generating property in Mill Park neighborhood.
      2448 SE 117Th Ave, Portland, OR 97216
      View Details
    • $1,745,000
      4,595 SF

      Craftsman Duplex with Panoramic Views

      Charming 1910 Craftsman duplex with old-world charm and views.
      2324 SW Cactus Dr, Portland, OR 97205
      View Details
    • New
      $475,000
      2,293 SF

      Portland Home with Income Potential

      One-level home with additional unit, ideal for rental income.
      1435 SE 148Th Ave, Portland, OR 97233
      View Details
    • $699,000
      2,164 SF

      Portland Duplex with Income Potential

      Spacious duplex in Portland, ideal for owners or investors.
      402 SE 75Th Ave, Portland, OR 97215
      View Details
    • New
      $635,000

      Portland Multifamily Property For Sale

      North Portland multifamily property with remodeled units and ADU.
      6824 N Commercial Ave, Portland, OR 97202
      View Details
    • $1,849,000
      6,538 SF

      Portland Multifamily Investment Opportunity

      12-unit apartment building in Belmont-Hawthorne neighborhood with stable tenants.
      824 SE 30Th Ave, Portland, OR 97214
      View Details
    • New
      $8,980,900
      22,556 SF

      New Multifamily Portfolio in Portland

      Newly constructed 20-unit multifamily portfolio in NE Portland.
      2833 NE 62Nd Ave, Portland, OR 97213
      View Details
    • New
      $545,000
      0.25 Acres

      Montavilla Mixed-Use Development Opportunity

      Quarter-acre lot in Montavilla with CM2 zoning and development potential.
      415 SE 94Th Ave, Portland, OR 97216
      View Details
    • New
      $6,999,000
      15,956 SF

      New Multifamily Portfolio in Portland

      Portfolio of 17 units in prime Portland locations.
      NE Ainsworth St, Portland, OR 97211
      View Details
    • New
      $889,900
      3,424 SF

      Two Homes, One Tax Lot

      Two homes on one lot in desirable John's Landing.
      6636 S Virginia Ave, Portland, OR 97239
      View Details
    • $825,000
      4,781 SF

      Portland Multifamily with Airbnb Potential

      Multigenerational home in SW Hills with income and Airbnb potential.
      3412 SW 13Th Ave, Portland, OR 97239
      View Details
    • New
      $1,050,000
      3,462 SF

      Vintage Duplex in NW Portland

      Classic duplex in Portland's Alphabet District, ideal for investors.
      2338 NW Hoyt St, Portland, OR 97210
      View Details

    FAQs

    What type of property is this?
    Specialty property - Updated 2024 duplex in NE Portland with income potential.
    Where is this specialty property located?
    The property is located at 411 NE 92Nd Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Turnkey 2024 Remodel: Both units fully updated with new roof, plumbing, and electric.; - Two Updated Units: Includes a 3-bed/1-bath unit and a separate studio with kitchen, bath, laundry, and private entrance.; - Income Potential: Ideal for investors or owner-occupants looking to offset their mortgage.
    (503) 720-2529
    Request Owner's contact information
    411 NE 92Nd Ave Portland, OR 97220
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    411 NE 92Nd Ave
    Portland, OR 97220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    411 NE 92Nd Ave Portland, OR 97220
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Brian
    (503) 720-2529 (503) 719-5588
    Learn more
    Google sign-in failed. Please try again or use another login method.