One-Level Duplex Investment
12380 Southwest Walnut Street Portland, OR 97223
12380 Southwest Walnut Street, Portland, OR, 97223
$683,000
For Sale
$683,000
One-level duplex for sale with a substantial lot in Tigard, Oregon.
Property Size2,204 SF
Price / SF$309.89
Days on Market134
Property Features for 12380 Southwest Walnut Street
General Information
- Standard status
- Active
- Size
- 2,204 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1975
Listing agency
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed by
Jeff Cooke
(503) 597-2444
Source
Compass
Added: Mar 11 Updated: Jul 20 at 7:13PM Checked: Jul 22 at 10:03AM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This one-level duplex offers a straightforward residential income setup and includes a substantial lot. The property is being marketed for sale as an investment addition, with access expectations noting to not disturb tenants.
Located in Tigard, Oregon at 12380 Southwest Walnut Street, the duplex is positioned for convenient access to local amenities and transportation.
The current offering is focused on the existing duplex configuration and the accompanying lot size, which may support future possibilities.
Located in Tigard, Oregon at 12380 Southwest Walnut Street, the duplex is positioned for convenient access to local amenities and transportation.
The current offering is focused on the existing duplex configuration and the accompanying lot size, which may support future possibilities.
Key Highlights
- One‑level duplex in Tigard, Oregon
- 1975 construction with 1‑story layout and crawl space basement
- Stem wall foundation
Local 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 | $48.9k | $22.20 |
| − Vacancy | −$3.0k | −$1.37 |
| EGI | $45.9k | $20.83 |
| − OpEx | −$13.8k | −$6.25 |
| NOI | $32.1k | $14.58 |
2,204 SF · lease $22.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.1K
$401.7K – $535.6K
NOI $32,137 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,562 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$618.9K
$541.6K – $722.1K
NOI $43,326 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - One-level duplex for sale with a substantial lot in Tigard, Oregon.
Where is this duplex located?
The property is located at 12380 Southwest Walnut Street Portland, OR.
What is the asking price?
The asking price for this property is $683,000.
What are key features of this property?
This property features: One‑level duplex in Tigard, Oregon; 1975 construction with 1‑story layout and crawl space basement; Stem wall foundation
