Luxury Duplex with Income
11510 Southwest 61st Avenue Portland, OR 97219
11510 Southwest 61st Avenue, Portland, OR, 97219
$1,188,000
For Sale
$1,188,000
Well-designed duplex ideal for owner-occupant or multigenerational living.
Property Size3,579 SF
Price / SF$331.94
Days on Market145
Property Features for 11510 Southwest 61st Avenue
General Information
- Standard status
- Active
- Size
- 3,579 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2003
Listing Agency
MORE Realty
(503) 267-1404
Listed by
Dita Razzouk · License #201206810
(503) 267-1404
Source
Compass
Added: Feb 22 Checked: Jul 17 at 5:22 am
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 MORE Realty
Investment Insights
Based on property information with market context.
This luxury duplex features two distinct homes in a convenient location. The property is ideal for an owner-occupant seeking comfort, privacy, and income. A double firewall separates the units. The primary unit, located at 11450 SW Capitol Hwy, is spacious and versatile with 9 ft ceilings, tile floors, maple cabinetry, and tile bathroom counters. It includes two private decks, one off the primary suite. The great room features treed views, surround sound, and a granite kitchen countertop. This unit can function as a 4-bedroom with the addition of a wall and includes a second entry suitable for a home office or live-work setup. The attached 2-car garage includes a side-entry door. The under-house area offers additional storage potential. The secondary unit, located at 11510 SW 61st Ave, is a maintained residence with its own address, ideal for generating rental income or supporting multigenerational living. It features 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, and two private decks, including one off the primary suite, and an attached 2-car garage. The property has an excellent rental history and strong demand in this location, making it a reliable income-producing asset. The property offers flexibility for a variety of lifestyles, including creating a private workspace or accommodating extended family. The property size is 3579 square feet.
Key Highlights
- Two distinct homes (duplex) ideal for owner‑occupant with mortgage‑offset income.
- Each unit features 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, and two private decks.
- Primary unit is spacious and versatile, functioning as a 4‑bedroom with potential for a home office or live‑work setup.
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 | $79.5k | $22.20 |
| − Vacancy | −$4.4k | −$1.22 |
| EGI | $75.1k | $20.98 |
| − OpEx | −$22.5k | −$6.29 |
| NOI | $52.6k | $14.69 |
3,579 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$750.8K
$657.0K – $876.0K
NOI $52,559 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$661.5K
$578.9K – $771.8K
NOI $46,308 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.01M
$879.4K – $1.17M
NOI $70,355 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-designed duplex ideal for owner-occupant or multigenerational living.
Where is this duplex located?
The property is located at 11510 Southwest 61st Avenue Portland, OR.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: Two distinct homes (duplex) ideal for owner‑occupant with mortgage‑offset income.; Each unit features 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, and two private decks.; **Primary unit is spacious and versatile, functioning as a 4‑bedroom with potential for a home office or live‑work setup.**
