Townhouse-Style
For Sale
$399,000
11905 Southeast Schiller Street, Portland, OR 97266
Both units include washer and dryer hookups, supporting convenient residential occupancy.
Property Size2,500 SF
Price / SF$159.60
Days on Market165
Property Features for 11905 Southeast Schiller Street
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
1
Property subtype
Multi Family
Zoning
R2
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,164
Amenities
washer and dryer hookups
2
Concrete Perimeter, Slab
Cement Siding
Building Details
Year Built
2001
Buildings
1
Listing Agency:
America's Best Realty, LLC
Listed By:
Denis Petrusha · License #201002014
(503) 422-5980
Source:
Compass
Added: Mar 22
Changed: Sep 2
Last Checked: Aug 31 at 9:43PM
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.
This townhouse-style duplex was built in 2001 and contains two residential units, each with approximately 858 square feet, 2 bedrooms, and 1 bathroom. The units include oversized one-car garages, washer and dryer hookups, concrete perimeter and slab construction, and cement siding. The property is zoned R2.
Set within a quiet cul-de-sac at 11905-11907 Southeast Schiller Street, the duplex is conveniently located near public transportation. Unit A is scheduled to be vacant at closing, while Unit B’s tenant would like to remain. The owner currently pays water, sewer, and garbage service.
Set within a quiet cul-de-sac at 11905-11907 Southeast Schiller Street, the duplex is conveniently located near public transportation. Unit A is scheduled to be vacant at closing, while Unit B’s tenant would like to remain. The owner currently pays water, sewer, and garbage service.
Key Highlights
- Two‑unit townhouse‑style duplex with approximately 858 sq. ft. per unit
- Each unit has 2 bedrooms and 1 bathroom
- Oversized one‑car garage and washer and dryer hookups for 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
Current Use
Lease Details
2
Residential units
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 - Both units include washer and dryer hookups, supporting convenient residential occupancy.
Where is this duplex located?
The property is located at 11905 Southeast Schiller Street 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 with approximately 858 sq. ft. per unit; Each unit has 2 bedrooms and 1 bathroom; Oversized one‑car garage and washer and dryer hookups for each unit
