Two-Unit Residential Income
5317 SE BYBEE Blvd Portland, OR 97206
5317 SE BYBEE Blvd, Portland, OR, 97206
$600,000
For Sale
$600,000
MULTI_FAMILY - Portland, OR
Property Size1,552 SF
Price / SF$386.60
Days on Market8
Property Features for 5317 SE BYBEE Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- R173388
Taxes and HOA fees
- Tax Description
- GREENVIEW PK, E 38' OF LOT 11, W 10' OF LOT 12
- Tax Annual Amount
- 5294
Utilities
- Heating system
- Forced Air, Zoned
Building Details
- Year built
- 1944
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing agency
HomeSmart Realty Group
(503) 210-5626
Listed by
Brook Hogan · License #200510257
(503) 515-7645
Added: Jul 16 Updated: Jul 22 at 3:42AM Checked: Jul 23 at 5:06AM
MLS# 709423528
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 income property offers two separate houses on one lot, each with its own private, fenced backyard area. The main home (Unit A) includes two bedrooms and one bathroom, hardwood floors, built-ins, a gas fireplace, granite countertops, indoor laundry, and a back deck with gated yard access. A detached garage and RV parking are also on-site. The second home (Unit B) was built in 2017 and is tucked privately behind the main home, with access down a private sidewalk or through fenced gates; it features one bedroom, an office, one bathroom, a full kitchen, an open living/dining layout, and its own in-unit laundry. A slab-foundation shop/shed, fruit trees, and seasonal-flowering plants are included, and appliances for both homes are included in the sale. Separate electric meters provide additional convenience and flexibility.
The property is zoned R5 and located at 5317 SE BYBEE Blvd in Portland, Oregon 97206.
The property is zoned R5 and located at 5317 SE BYBEE Blvd in Portland, Oregon 97206.
Key Highlights
- One lot with two separate houses: main home (unit A) 880 SF and second home (unit B) 672 SF built in 2017
- Two private, fenced backyard spaces with gated access and separate outdoor areas for each residence
- Second home (unit B) includes 1 bedroom, office, full kitchen, open living/dining, 1 bathroom, and in‑unit laundry
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 | $34.5k | $22.20 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $32.6k | $20.98 |
| − OpEx | −$9.8k | −$6.29 |
| NOI | $22.8k | $14.69 |
1,552 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$291.9K
$255.4K – $340.6K
NOI $20,435 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$435.8K
$381.4K – $508.5K
NOI $30,509 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate homes on one lot with private fenced backyards, detached garage, and separate electric meters.
Where is this duplex located?
The property is located at 5317 SE BYBEE Blvd Portland, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: One lot with two separate houses: main home (unit A) 880 SF and second home (unit B) 672 SF built in 2017; Two private, fenced backyard spaces with gated access and separate outdoor areas for each residence; Second home (unit B) includes 1 bedroom, office, full kitchen, open living/dining, 1 bathroom, and in‑unit laundry
