Two-Unit Duplex with Attached
11590 Southwest Lomita Avenue Portland, OR 97223
For Sale
$625,000
Duplex with two 2BR/1BA units and oversized attached one-car garages; tenants pay utilities.
Property Size1,728 SF
Price / SF$361.69
Days on Market56
Property Features for 11590 Southwest Lomita Avenue
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing Agency:
Premiere Property Group, LLC
(503) 270-0076
Listed By:
Vladimir Romano · License #201245774
(503) 270-0076
Source:
Compass
Added: May 31
Changed: Jul 10
Last Checked: Jul 24 at 12:17PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This duplex consists of two separate one-level units, each offering 2 bedrooms and 1 full bathroom with 864 square feet of living space. Both units are supported by oversized attached one-car garages, providing practical storage and parking convenience. One unit includes tile flooring, stainless steel appliances, and a double vanity bathroom, while both units feature efficient floor plans designed for everyday living.
The property is located near local grocery stores, restaurants, and other everyday amenities, with a short drive to Washington Square Mall and major commuter routes. An open house is scheduled for Saturday 10:00 AM–1:00 PM and Sunday 11:00 AM–1:00 PM.
From an ownership standpoint, the duplex is set up with tenant-paid utilities including sewer, water, gas, electric, and trash removal. The owner is responsible for taxes, insurance, and maintenance. With two like-configured units and attached garages, the property offers a straightforward layout for investors and buyers looking for an income-oriented residential duplex with clear, unit-level living arrangements.
The property is located near local grocery stores, restaurants, and other everyday amenities, with a short drive to Washington Square Mall and major commuter routes. An open house is scheduled for Saturday 10:00 AM–1:00 PM and Sunday 11:00 AM–1:00 PM.
From an ownership standpoint, the duplex is set up with tenant-paid utilities including sewer, water, gas, electric, and trash removal. The owner is responsible for taxes, insurance, and maintenance. With two like-configured units and attached garages, the property offers a straightforward layout for investors and buyers looking for an income-oriented residential duplex with clear, unit-level living arrangements.
Key Highlights
- Duplex with two 2BR/1BA units, each offering 864 SF of one‑level living space
- Oversized attached one‑car garages for both units
- Concrete perimeter foundation with crawl space
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 | $38.4k | $22.20 |
| − Vacancy | −$2.4k | −$1.37 |
| EGI | $36.0k | $20.83 |
| − OpEx | −$10.8k | −$6.25 |
| NOI | $25.2k | $14.58 |
1,728 SF · lease $22.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$359.9K
$315.0K – $419.9K
NOI $25,196 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$319.9K
$279.9K – $373.2K
NOI $22,393 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$485.3K
$424.6K – $566.2K
NOI $33,969 @ 7.0% cap · market cap 5.44%
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 with two 2BR/1BA units and oversized attached one-car garages; tenants pay utilities.
Where is this duplex located?
The property is located at 11590 Southwest Lomita Avenue Portland, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Duplex with two 2BR/1BA units, each offering 864 SF of one‑level living space; Oversized attached one‑car garages for both units; Concrete perimeter foundation with crawl space
