Corner Lot Duplex with Two
11510 SW 61ST Ave Portland, OR 97219
For Sale
$1,188,000
MULTI_FAMILY - Portland, OR
Property Size3,579 SF
Lot Size0.23 Acres
Price / SF$331.94
Days on Market155
Property Features for 11510 SW 61ST Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R10
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 6, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- R240782
- Size
- 3,579 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- PASADENA, BLOCK 11, LOT 30-32 TL 4100
- Tax Annual Amount
- 14738
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Dita Razzouk · License #201206810
(503) 267-1404
Added: Feb 22
Changed: Jul 24
Last Checked: Jul 27 at 7:06AM
MLS# 773732051
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner lot duplex offers two distinct residences with separate street frontage. The property includes double firewall construction, providing separation between the two homes. Each unit features 9-foot ceilings, tile floors, and maple cabinetry, along with two private decks, including a deck off the primary suite. Unit 11450 SW Capitol Hwy is listed as the owner’s unit with flexible layout elements, 2.5 bathrooms, and an attached 2-car garage with a side-entry door. Unit 11510 SW 61st Ave is the second unit and includes its own address, 3 bedrooms, 2 bathrooms, and an attached 2-car garage.
The listings describe a peaceful wooded outlook and an overall retreat-like feel. The address at 11450 SW Capitol Hwy is also noted to have additional under-house space that may provide storage utility.
The duplex is zoned R10. The seller notes that, depending on the loan program, buyers may be able to use a portion of the rental income toward mortgage qualification, and buyers should verify details with their lender.
The listings describe a peaceful wooded outlook and an overall retreat-like feel. The address at 11450 SW Capitol Hwy is also noted to have additional under-house space that may provide storage utility.
The duplex is zoned R10. The seller notes that, depending on the loan program, buyers may be able to use a portion of the rental income toward mortgage qualification, and buyers should verify details with their lender.
Key Highlights
- Duplex built in 2003 with central air and forced‑air heating, plus a composition roof
- Corner lot duplex with separate street frontage for two distinct residences
- 11450 SW Capitol Hwy owner’s unit: 3–4BD, 2.5BA with 9‑ft ceilings, tile floors, maple cabinetry, and granite kitchen counters
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
FAQs
What type of property is this?
Duplex - Duplex on a corner lot with separate street frontage, each unit featuring its own 2-car garage and private decks.
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: Duplex built in 2003 with central air and forced‑air heating, plus a composition roof; Corner lot duplex with separate street frontage for two distinct residences; 11450 SW Capitol Hwy owner’s unit: 3–4BD, 2.5BA with 9‑ft ceilings, tile floors, maple cabinetry, and granite kitchen counters
