Duplex with Private Outdoor
For Sale
$574,999
1085 Southwest Halsey Street, Troutdale, OR 97060
Two residences offer separate utility metering, in-unit laundry, and access to a shared yard.
Property Size2,012 SF
Price / SF$285.78
Days on Market144
Property Features for 1085 Southwest Halsey Street
General Information
Standard status
Active
Size
2,012 SF
Total Parking Spaces
2
Property subtype
Multi Family
Zoning
A-2
Taxes and HOA fees
Annual Taxes
$4,865
Amenities
Other
2
Block, Concrete Perimeter
Composition, Shingle
Cement Siding
Building Details
Year Built
2006
Listing Agency:
Works Real Estate
(410) 370-9487
Listed By:
Lauren Rose · License #201242969
(410) 370-9487
Source:
Compass
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 6:55PM
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 Works Real Estate
Investment Insights
Based on property information with market context.
This 2,012-square-foot duplex was built in 2006 and includes two separate residences with open layouts and abundant natural light. Both units have in-unit laundry, separately metered utilities, private outdoor areas, and access to a large shared yard. Updated kitchens and bathrooms, real hardwood flooring, and tall ceilings add functional character. One residence is located on the main level, while the other occupies the upper level. Recent exterior work includes fresh paint and new steps serving the rear unit.
The property is located near Edgefield, downtown Troutdale, the Sandy River, Mt. Hood, and Portland. A-2 zoning applies to the property, and the building has cement siding with a composition shingle roof. The configuration supports separate residential living areas within one duplex structure.
The property is located near Edgefield, downtown Troutdale, the Sandy River, Mt. Hood, and Portland. A-2 zoning applies to the property, and the building has cement siding with a composition shingle roof. The configuration supports separate residential living areas within one duplex structure.
Key Highlights
- 2012 SF duplex with two separate residential units
- Main‑level and upper‑level layouts
- Updated kitchens and bathrooms with real hardwood floors
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
$29,547
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
5.14%
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%
$590,940
$590.9K
Cap Rate 7%
$422,100
$422.1K
Cap Rate 9%
$328,300
$328.3K
Market Conditions
NOI Build-Up for 2,012 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
$44.7K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$42.2K $20.98/SF
− OpEx
−$12.7K −$6.29/SF
NOI
$29.5K $14.69/SF
Area
Multnomah County, OR
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 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%
$590,940
Cap Rate 7%
$422,100
Cap Rate 9%
$328,300
Alternative Uses
Best Use
Multifamily LT 5
$422.1K
$369.3K – $492.5K
NOI $29,547 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$369.1K
$322.9K – $430.6K
NOI $25,834 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 97060, OR
21,792
Population
7,823
Households
2.8
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
17.5 sq mi
ZIP Area
1,245
Density / Sq Mi
$84,164
Median Household Income
$42,162
Median Earnings
$1,560
Median Rent
$425,700
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 residences offer separate utility metering, in-unit laundry, and access to a shared yard.
Where is this duplex located?
The property is located at 1085 Southwest Halsey Street Troutdale, OR.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: 2012 SF duplex with two separate residential units; Main‑level and upper‑level layouts; Updated kitchens and bathrooms with real hardwood floors
