Duplex with Attached
For Sale
$550,000
7502 N Williams Ave, Portland, OR 97217
MultiFamily, Portland, OR
Property Size1,872 SF
Lot Size0.11 Acres
Price / SF$293.80
Days on Market49
Property Features for 7502 N Williams Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Subdivision
Piedmont
View
City
Elementary school
Woodlawn
Middle school
Ockley Green
High school
Jefferson
Directions
Take Lombard East from Interstate 5 - Turn Left on Williams - Property on Corner
Standard status
Active
APN
R517242
Size
1,872 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
LOVELEIGH, BLOCK 17, W 46' OF LOT 10&11
Tax Annual Amount
6268
Legal Description
LOVELEIGH, BLOCK 17, W 46' OF LOT 10&11
Utilities
Heating system
Baseboard
Building Details
Year built
2003
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Cooper Realty LLC
Listed By:
Ernest Cooper · License #990700153
(503) 515-8426
Added: Jul 31
Changed: Sep 16
Last Checked: Sep 17 at 3:06PM
MLS# 142907452
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.
Built in 2003, this residential duplex contains two approximately 936-square-foot units, each with two bedrooms, one bathroom, an attached garage, and a practical floor plan. One residence provides direct access between the garage and home. Vinyl siding, easy-care landscaping, baseboard heating, and a composition roof support the property’s low-maintenance design. The site encompasses 0.11 acres, with 1,872 square feet across both units.
Located at 7502 N Williams Ave in Portland, the property is on the bus line and minutes from MAX Light Rail, Fred Meyer, New Seasons Market, the Williams Corridor, Mississippi Avenue, and restaurants, cafes, breweries, and boutiques along Fremont. Downtown Portland, St. Johns, and Portland International Airport are also accessible from the property.
Located at 7502 N Williams Ave in Portland, the property is on the bus line and minutes from MAX Light Rail, Fred Meyer, New Seasons Market, the Williams Corridor, Mississippi Avenue, and restaurants, cafes, breweries, and boutiques along Fremont. Downtown Portland, St. Johns, and Portland International Airport are also accessible from the property.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 936 SF per unit | 1,872 SF total
- Built in 2003
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
$26,087
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
4.74%
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%
$521,740
$521.7K
Cap Rate 7%
$372,671
$372.7K
Cap Rate 9%
$289,856
$289.9K
Market Conditions
NOI Build-Up for 1,872 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
$39.3K $21.00/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$37.3K $19.91/SF
− OpEx
−$11.2K −$5.97/SF
NOI
$26.1K $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%
$521,740
Cap Rate 7%
$372,671
Cap Rate 9%
$289,856
Alternative Uses
Best Use
Multifamily LT 5
$372.7K
$326.1K – $434.8K
NOI $26,087 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$343.4K
$300.5K – $400.6K
NOI $24,036 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$525.7K
$460.0K – $613.3K
NOI $36,799 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers matching two-bedroom homes and the option to live in one while leasing the other.
Where is this duplex located?
The property is located at 7502 N Williams Ave Portland, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 936 SF per unit | 1,872 SF total; Built in 2003
