Updated Duplex Income
1136 Southwest 257th Drive Troutdale, OR 97060
1136 Southwest 257th Drive, Troutdale, OR, 97060
$480,000
For Sale
$480,000
Well-cared-for duplex with stainless steel appliances and recent updates including a 2023 gas furnace.
Property Size2,372 SF
Price / SF$202.36
Days on Market77
Property Features for 1136 Southwest 257th Drive
General Information
- Standard status
- Active
- Size
- 2,372 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing agency
Pellego, LLC
(971) 404-5141
Listed by
Jeremy Barnett · License #201239532
(971) 404-5141
Source
Compass
Added: May 7 Updated: Jul 22 at 2:30AM Checked: Jul 22 at 2:30AM
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
Investment Insights
Based on property information with market context.
This well-cared-for duplex offers two separate units and includes stainless steel appliances in both residences. Updates noted in the property information include a new gas furnace in Unit 1138 (2023), exterior paint completed in 2020, upgraded electrical panels, and a leaf guard gutter system.
The property is located in Troutdale and is described as being near shopping, dining, and other local amenities.
Additional maintenance history provided includes roof installation dated September 26, 2006. The duplex configuration makes it suitable for owners seeking residential income through rental of one unit while occupying the other, depending on individual financing and occupancy goals.
The property is located in Troutdale and is described as being near shopping, dining, and other local amenities.
Additional maintenance history provided includes roof installation dated September 26, 2006. The duplex configuration makes it suitable for owners seeking residential income through rental of one unit while occupying the other, depending on individual financing and occupancy goals.
Key Highlights
- Duplex with 2 stories and concrete perimeter foundation
- Basement includes crawl space, daylight, and partial basement
- Updated unit systems: new gas furnace in Unit 1138 (2023)
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 | $52.7k | $22.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $49.8k | $20.98 |
| − OpEx | −$14.9k | −$6.29 |
| NOI | $34.8k | $14.69 |
2,372 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.6K
$435.4K – $580.6K
NOI $34,834 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$640.3K
$560.2K – $747.0K
NOI $44,818 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-cared-for duplex with stainless steel appliances and recent updates including a 2023 gas furnace.
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: Duplex with 2 stories and concrete perimeter foundation; Basement includes crawl space, daylight, and partial basement; Updated unit systems: new gas furnace in Unit 1138 (2023)
