Duplex with Private
New
For Sale
$1,424,900
10216 SW 61st AVE, Portland, OR 97219
Two newly built residences offer distinct bedroom configurations, dedicated laundry, and flexible living areas.
Property Size3,947 SF
Price / SF$361.01
Days on Market7
Property Features for 10216 SW 61st AVE
General Information
Standard status
Active
Size
3,947 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/3.5BA, 1 x 3BR/2.5BA
Multifamily Units
2
Amenities
private patio
dedicated laundry
Building Details
Year Built
2026
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 14 at 11:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences with separate floor plans and private patios. The larger home has four bedrooms, three and a half bathrooms, and approximately 2,087 square feet; its main-level bedroom can serve as additional living or work space. The second residence includes three bedrooms, two and a half bathrooms, and approximately 1,860 square feet, with an upstairs family or flex room and an attached garage. Both homes have open main-level living areas and dedicated laundry.
The property is in Southwest Portland near Multnomah Village, Gabriel Park, Dickinson Park, and Barbur World Foods, with access to major Southwest Portland routes. Its two distinct layouts, private outdoor areas, and flexible rooms provide varied residential configurations within one property.
The property is in Southwest Portland near Multnomah Village, Gabriel Park, Dickinson Park, and Barbur World Foods, with access to major Southwest Portland routes. Its two distinct layouts, private outdoor areas, and flexible rooms provide varied residential configurations within one property.
Key Highlights
- Two residences completed in 2026
- Larger residence: 4 bedrooms, 3.5 bathrooms, approximately 2,087 square feet
- Second residence: 3 bedrooms, 2.5 bathrooms, approximately 1,860 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,963
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,260
$1.2M
Cap Rate 7%
$828,043
$828.0K
Cap Rate 9%
$644,033
$644.0K
Market Conditions
NOI Build-Up for 3,947 SF
Gross rent
$87.6K $22.20/SF
− Vacancy
−$4.8K −$1.22/SF
EGI
$82.8K $20.98/SF
− OpEx
−$24.8K −$6.29/SF
NOI
$58.0K $14.69/SF
Area
ZIP 97219
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 Rate 5%
$1,159,260
Cap Rate 7%
$828,043
Cap Rate 9%
$644,033
Alternative Uses
Best Use
Multifamily LT 5
$828.0K
$724.5K – $966.1K
NOI $57,963 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.2K
NOI $51,069 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.11M
$969.9K – $1.29M
NOI $77,589 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two newly built residences offer distinct bedroom configurations, dedicated laundry, and flexible living areas.
Where is this duplex located?
The property is located at 10216 SW 61st AVE Portland, OR.
What is the asking price?
The asking price for this property is $1,424,900.
What are key features of this property?
This property features: Two residences completed in 2026; Larger residence: 4 bedrooms, 3.5 bathrooms, approximately 2,087 square feet; Second residence: 3 bedrooms, 2.5 bathrooms, approximately 1,860 square feet
