Building Details

Year Built 1979

Listing Agency: Pellego, LLC

Listed By: Jeremy Barnett · License #201239532 Show Phone

Source: Compass

Added: May 7 Changed: Oct 12 Last Checked: Oct 19 at 8:43AM

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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 Pellego, LLC

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Investment Insights

Based on property information with market context.

This 1,900-square-foot duplex, constructed in 1979, includes two residential units with stainless steel appliances, upgraded electrical panels, and crawl space, daylight, and partial basement areas. The property has a concrete perimeter, composition roofing, and lap siding. Unit 1138 received a new gas furnace in 2023, while the exterior was painted in 2020. A leaf guard gutter system and a roof installed September 26, 2006 are also included.

Located in Troutdale near shopping, dining, and everyday amenities, the property carries Res zoning and offers a two-unit residential configuration with existing residents. Its documented improvements provide a clear overview of recent system and exterior work for prospective purchasers.

Key Highlights

• 1,900‑square‑foot duplex on Southwest 257th Drive
• Two residential units with stainless steel appliances in both
• New gas furnace installed in Unit 1138 in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,902

Cap Rate

5.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$558,040 $558.0K

Cap Rate 7%

$398,600 $398.6K

Cap Rate 9%

$310,022 $310.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,900 SF

Gross rent

$42.2K $22.20/SF

− Vacancy

−$2.3K −$1.22/SF

EGI

$39.9K $20.98/SF

− OpEx

−$12.0K −$6.29/SF

NOI

$27.9K $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 Rate 5%

$558,040

Cap Rate 7%

$398,600

Cap Rate 9%

$310,022

Alternative Uses

Best Use

Multifamily LT 5

$398.6K

$348.8K – $465.0K (±1% cap)

NOI $27,902 @ 7.0% cap · market cap 5.81%

Second Best

Apartment 5plus

$348.5K

$305.0K – $406.6K (±1% cap)

NOI $24,396 @ 7.0% cap · market cap 5.08%

Theoretical Best

Office A

$512.9K

$448.8K – $598.3K (±1% cap)

NOI $35,900 @ 7.0% cap · market cap 7.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

37

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with stainless appliances, improved electrical panels, and established tenant occupancy.

Where is this duplex located?

The property is located at 1136 Southwest 257th Drive Troutdale, OR.

What is the asking price?

The asking price for this property is $480,000.

What are key features of this property?

This property features: 1,900‑square‑foot duplex on Southwest 257th Drive; Two residential units with stainless steel appliances in both; New gas furnace installed in Unit 1138 in 2023