Two-Unit Duplex with Separate
For Sale
$1,188,000
11510 SW 61ST AVE, Portland, OR 97219
Two independent residences offer flexible living arrangements, private outdoor space, and attached garages.
Property Size3,579 SF
Days on Market235
Property Features for 11510 SW 61ST AVE
General Information
Standard status
Active
Size
3,579 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$14,737
Building Details
Building Size
3,579 SF
Year Built
2003
Listing Agency:
MORE Realty
Listed By:
Dita Razzouk · License #201206810
(503) 267-1404
Source:
Eleeterealestate
Added: Feb 22
Changed: Oct 14
Last Checked: Oct 15 at 6:30AM
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 MORE Realty
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Investment Insights
Based on property information with market context.
Completed in 2003, this 3,579-square-foot duplex contains two separately addressed homes divided by a double firewall. The 11450 SW Capitol Hwy residence offers a flexible three- or four-bedroom layout with 2.5 bathrooms, 9-foot ceilings, tile flooring, maple cabinetry, granite kitchen counters, two decks, and an attached two-car garage. Its additional entry can support office use, while under-house space provides storage. The second home at 11510 SW 61st Ave includes three bedrooms, two bathrooms, 9-foot ceilings, tile floors, maple cabinetry, two decks, and its own attached two-car garage.
Separate street frontage serves each residence, creating physical independence between the units. Both homes feature decks connected to the primary suites, and the property has wooded outlooks in Southwest Portland. The duplex configuration supports occupancy of one residence while maintaining a distinct second home on the same property.
Separate street frontage serves each residence, creating physical independence between the units. Both homes feature decks connected to the primary suites, and the property has wooded outlooks in Southwest Portland. The duplex configuration supports occupancy of one residence while maintaining a distinct second home on the same property.
Key Highlights
- 3,579‑square‑foot duplex completed in 2003
- Two separately addressed residences divided by a double firewall
- 11450 SW Capitol Hwy offers a flexible 3- or 4‑bedroom, 2.5‑bath layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,559
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,180
$1.1M
Cap Rate 7%
$750,843
$750.8K
Cap Rate 9%
$583,989
$584.0K
Market Conditions
NOI Build-Up for 3,579 SF
Gross rent
$79.5K $22.20/SF
− Vacancy
−$4.4K −$1.22/SF
EGI
$75.1K $20.98/SF
− OpEx
−$22.5K −$6.29/SF
NOI
$52.6K $14.69/SF
Area
ZIP 97219
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%
$1,051,180
Cap Rate 7%
$750,843
Cap Rate 9%
$583,989
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer flexible living arrangements, private outdoor space, and attached garages.
Where is this duplex located?
The property is located at 11510 SW 61ST AVE 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: 3,579‑square‑foot duplex completed in 2003; Two separately addressed residences divided by a double firewall; 11450 SW Capitol Hwy offers a flexible 3- or 4‑bedroom, 2.5‑bath layout
