Managed Duplex with Basement Bonus
For Sale
$545,000
1036 N AINSWORTH ST, Portland, OR 97217
Two one-bedroom units each include private laundry and storage, plus basement bonus rooms.
Days on Market41
Property Features for 1036 N AINSWORTH ST
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Amenities
private laundry
storage
Building Details
Building Size
2,640 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
Redfin
(360) 931-7560
Listed By:
Pamela Ruble · License #201219138
(360) 931-7560
Source:
Eleeterealestate
Added: Jun 24
Changed: Jul 30
Last Checked: Aug 2 at 12:13PM
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 Redfin
Investment Insights
Based on property information with market context.
This nicely managed duplex offers two units, each with one bedroom, one bathroom, and a bonus room in the basement. Both units also include private laundry and storage, and each unit has a dedicated parking space in front of the detached garage. Interior photos were taken prior to tenants’ occupancy, and tenants should not be disturbed.
Built in 1924, the property is located just blocks from Peninsula Park, the Rose Garden, the Yellow MAX line, and New Seasons, supporting convenient access to neighborhood amenities and transit.
The layout is designed for independent day-to-day living within a duplex configuration, with basement space and in-unit laundry/storage for each unit.
Built in 1924, the property is located just blocks from Peninsula Park, the Rose Garden, the Yellow MAX line, and New Seasons, supporting convenient access to neighborhood amenities and transit.
The layout is designed for independent day-to-day living within a duplex configuration, with basement space and in-unit laundry/storage for each unit.
Key Highlights
- Two units with one bedroom and one bathroom each
- Basement bonus room for each unit
- Private laundry and storage included per unit
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 | $55.4k | $21.00 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $52.6k | $19.91 |
| − OpEx | −$15.8k | −$5.97 |
| NOI | $36.8k | $13.94 |
2,640 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$741.4K
$648.7K – $864.9K
NOI $51,896 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
960
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
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 one-bedroom units each include private laundry and storage, plus basement bonus rooms.
Where is this duplex located?
The property is located at 1036 N AINSWORTH ST Portland, OR.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Two units with one bedroom and one bathroom each; Basement bonus room for each unit; Private laundry and storage included per unit
