Townhouse-Style Duplex with
For Sale
$399,000
11905 SE SCHILLER ST, Portland, OR 97266
Two townhouse-style units offer private living spaces, laundry hookups, and access to public transportation.
Property Size2,500 SF
Days on Market128
Property Features for 11905 SE SCHILLER ST
General Information
Standard status
Active
Size
2,500 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$6,163
Building Details
Building Size
2,500 SF
Year Built
2001
Listing Agency:
America's Best Realty, LLC
(503) 422-5980
Listed By:
Denis Petrusha
(503) 422-5980
Source:
Eleeterealestate
Added: Apr 15
Changed: Aug 11
Last Checked: Aug 19 at 3:20PM
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 America's Best Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2001, this townhouse-style duplex includes two residential units, each measuring approximately 858 square feet with two bedrooms and one bathroom. Both units include washer and dryer hookups, and the property features an oversized one-car garage.
The duplex is situated on SE Schiller Street in Portland’s 97266 ZIP code, within a quiet cul-de-sac and near public transportation. Its two-unit configuration and separate townhouse-style layouts provide a straightforward setup for residential income ownership or an owner-occupant arrangement.
The duplex is situated on SE Schiller Street in Portland’s 97266 ZIP code, within a quiet cul-de-sac and near public transportation. Its two-unit configuration and separate townhouse-style layouts provide a straightforward setup for residential income ownership or an owner-occupant arrangement.
Key Highlights
- Two‑unit townhouse‑style duplex built in 2001
- Each unit is approximately 858 sq. ft. with 2 bedrooms and 1 bathroom
- Washer and dryer hookups provided in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,780
$696.8K
Cap Rate 7%
$497,700
$497.7K
Cap Rate 9%
$387,100
$387.1K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$52.5K $21.00/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$49.8K $19.91/SF
− OpEx
−$14.9K −$5.97/SF
NOI
$34.8K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,780
Cap Rate 7%
$497,700
Cap Rate 9%
$387,100
Alternative Uses
Best Use
Multifamily LT 5
$497.7K
$435.5K – $580.7K
NOI $34,839 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$458.6K
$401.3K – $535.0K
NOI $32,100 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$702.1K
$614.3K – $819.1K
NOI $49,144 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units offer private living spaces, laundry hookups, and access to public transportation.
Where is this duplex located?
The property is located at 11905 SE SCHILLER ST Portland, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit townhouse‑style duplex built in 2001; Each unit is approximately 858 sq. ft. with 2 bedrooms and 1 bathroom; Washer and dryer hookups provided in each unit
