Single-Level Duplex with
For Sale
$375,000
6421 SE 58TH Ave SE, Portland, OR 97206
MultiFamily, Portland, OR
Property Size1,877 SF
Lot Size0.12 Acres
Price / SF$199.79
Days on Market214
Property Features for 6421 SE 58TH Ave SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Subdivision
WOODSTOCK
Elementary school
Woodmere
Middle school
Lane
High school
Cleveland
Directions
From SE Duke north onto SE 58th Ave
Standard status
Active
APN
R289713
Size
1,877 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
TREMONT PL, BLOCK 8, INC PT VAC ALLEY LOT 16
Tax Annual Amount
6747
Legal Description
TREMONT PL, BLOCK 8, INC PT VAC ALLEY LOT 16
Utilities
Heating system
Ceiling, Zoned
Amenities
in-unit washer and dryer
off-street parking
garage
carport
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Mike Rushing · License #201210911
(503) 887-7526
Added: Jan 22
Changed: Aug 22
Last Checked: Aug 24 at 3:06PM
MLS# 200453903
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 1,877-square-foot duplex was built in 1971 and contains two single-level residences, each with two bedrooms and one bathroom. Both units include in-unit washers and dryers. The front residence has an attached one-car garage, while the rear residence is served by a carport reached from the alley. Composition roofing and zoned ceiling heating are in place, and the property occupies 0.12 acres.
The property is located at 6421 SE 58th Ave SE in Portland, near the Woodstock Blvd commercial district. Both residences are currently occupied under month-to-month tenancies, and the property will transfer subject to those existing arrangements. Zoning is R5.
The property is located at 6421 SE 58th Ave SE in Portland, near the Woodstock Blvd commercial district. Both residences are currently occupied under month-to-month tenancies, and the property will transfer subject to those existing arrangements. Zoning is R5.
Key Highlights
- Two‑unit property totaling 1,877 square feet on 0.12 acres
- Each unit includes 2 bedrooms and 1 bathroom
- In‑unit washer and dryer provided in both residences
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
$27,564
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
7.35%
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%
$551,280
$551.3K
Cap Rate 7%
$393,771
$393.8K
Cap Rate 9%
$306,267
$306.3K
Market Conditions
NOI Build-Up for 1,877 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
$41.7K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$39.4K $20.98/SF
− OpEx
−$11.8K −$6.29/SF
NOI
$27.6K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /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%
$551,280
Cap Rate 7%
$393,771
Cap Rate 9%
$306,267
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.4K
NOI $27,564 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$353.1K
$308.9K – $411.9K
NOI $24,714 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$527.1K
$461.2K – $615.0K
NOI $36,898 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
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-bedroom residences include private laundry, dedicated parking, and separate outdoor vehicle storage.
Where is this duplex located?
The property is located at 6421 SE 58TH Ave SE Portland, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit property totaling 1,877 square feet on 0.12 acres; Each unit includes 2 bedrooms and 1 bathroom; In‑unit washer and dryer provided in both residences
