Well-Maintained Duplex with
1040 North Ainsworth Street Portland, OR 97217
For Sale
$545,000
Duplex with two one-bedroom units, each featuring private laundry, storage, and a parking space in front of a detached garage.
Property Size2,640 SF
Price / SF$206.44
Days on Market24
Property Features for 1040 North Ainsworth Street
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1924
Listing Agency:
Redfin
(360) 931-7560
Listed By:
Pamela Ruble · License #201219138
(360) 931-7560
Source:
Compass
Added: Jul 1
Changed: Jul 21
Last Checked: Jul 24 at 1:15PM
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.
Nicely managed duplex offering two separate units, each with one bedroom and one bathroom, plus a bonus room in the basement. Each unit also includes private laundry and storage, with an associated parking space in front of the detached garage.
The property is just blocks from Peninsula Park, the Rose Garden, the Yellow MAX line, and New Seasons, providing nearby neighborhood amenities and transit access.
Interior photos were taken prior to tenants occupancy; please do not disturb tenants.
The property is just blocks from Peninsula Park, the Rose Garden, the Yellow MAX line, and New Seasons, providing nearby neighborhood amenities and transit access.
Interior photos were taken prior to tenants occupancy; please do not disturb tenants.
Key Highlights
- Duplex with 2 one‑bedroom units (1 bed and 1 bath each), plus a basement bonus room
- Each unit includes private laundry and storage
- Each unit has a parking space in front of the detached garage
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two one-bedroom units, each featuring private laundry, storage, and a parking space in front of a detached garage.
Where is this duplex located?
The property is located at 1040 North Ainsworth Street 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: Duplex with 2 one‑bedroom units (1 bed and 1 bath each), plus a basement bonus room; Each unit includes private laundry and storage; Each unit has a parking space in front of the detached garage
