Townhouse-Style
For Sale
$399,000
11905 SE SCHILLER St, Portland, OR 97266
MultiFamily, Portland, OR
Property Size2,500 SF
Lot Size0.14 Acres
Price / SF$159.60
Days on Market128
Property Features for 11905 SE SCHILLER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Elementary school
W Powellhurst
Middle school
Ron Russell
High school
David Douglas
Directions
SE 122nd West on Schiller
Subdivision
_143
Standard status
Active
APN
R281588
Size
2,500 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
SUNSPOT, LOT 2
Tax Annual Amount
6164
Legal Description
SUNSPOT, LOT 2
Utilities
Heating system
Baseboard
Amenities
washer/dryer hookups
Building Details
Year built
2001
Floors in Building
2
Number of units
2
Listing Agency:
America's Best Realty, LLC
(503) 358-3215
Listed By:
Denis Petrusha
(503) 422-5980
Added: Apr 15
Changed: Aug 19
Last Checked: Aug 20 at 12:06AM
MLS# 143671438
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 townhouse-style duplex contains approximately 2,500 square feet and was built in 2001. Each residence measures approximately 858 square feet with two bedrooms and one bathroom, creating a consistent layout across both units. Washer and dryer hookups are provided in each residence, while the property also includes an oversized one-car garage. Baseboard heating serves the building.
The duplex occupies 0.14 acres at 11905 SE SCHILLER St in Portland, Oregon. The property is positioned on a quiet cul-de-sac with access to public transportation and is zoned R2. Its two-unit configuration supports both investment ownership and an owner-occupant arrangement, as described in the property information.
The duplex occupies 0.14 acres at 11905 SE SCHILLER St in Portland, Oregon. The property is positioned on a quiet cul-de-sac with access to public transportation and is zoned R2. Its two-unit configuration supports both investment ownership and an owner-occupant arrangement, as described in the property information.
Key Highlights
- Townhouse‑style duplex with approximately 2,500 square feet
- Two units, each with approximately 858 square feet, 2 bedrooms, and 1 bathroom
- Built in 2001 on a 0.14‑acre lot
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
Lease Details
2
Residential units
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature private laundry hookups, an oversized one-car garage, and baseboard heating.
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: Townhouse‑style duplex with approximately 2,500 square feet; Two units, each with approximately 858 square feet, 2 bedrooms, and 1 bathroom; Built in 2001 on a 0.14‑acre lot
