1040 N AINSWORTH St Portland, OR 97217
MULTI_FAMILY - Portland, OR
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 1040 N AINSWORTH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
- Standard status
- Active
- APN
- R226270
- Size
- 2,640 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- NORTH ALBINA, BLOCK 25, LOT 1
- Tax Annual Amount
- 3505
Utilities
- Heating system
- Forced Air, Gravity
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing agent Pamela Ruble (360) 931-7560
Listing office Redfin 1500 NE Irving Street, Suite 380, Portland, OR (503) 496-7620
Listing date Jul 10, 2026
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.
The property is just blocks from Peninsula Park, the Rose Garden, the Yellow MAX line, and New Seasons. Interior photos were taken prior to tenants’ occupancy, and tenants should not be disturbed.
Set on a 0.12-acre lot, the duplex totals 2,640 square feet and is zoned RM2.
Key Highlights
- Nicely managed duplex built in 1924 with forced air and gravity heating
- 2 one‑bedroom units, each with 1 bathroom plus a bonus room in the basement
- Each unit includes private laundry and private storage
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 | $55.4k | $21.00 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $52.6k | $19.91 |
| − OpEx | −$15.8k | −$5.97 |
| NOI | $36.8k | $13.94 |
