Updated Two-Unit
New
For Sale
$450,000
Pending
132 NE 78th AVE NE, Portland, OR 97213
Both vacant residences have refreshed interiors and off-street parking.
Property Size1,560 SF
Days on Market7
Property Features for 132 NE 78th AVE NE
General Information
Standard status
Pending
Size
1,560 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1967
Buildings
1
Stories
1
Listing Agency:
Luxe Forbes Global Properties
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 6:13PM
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 Luxe Forbes Global Properties
Investment Insights
Based on property information with market context.
This 1,560-square-foot duplex was built in 1967 and has a single-level layout. Each of its two units contains two bedrooms and one bathroom. The property is vacant, with new interior paint and carpet throughout, and includes off-street parking.
The property is at 132 NE 78th Ave in Portland’s Montavilla area, a few blocks from shops and restaurants along the Stark Street commercial corridor.
The property is at 132 NE 78th Ave in Portland’s Montavilla area, a few blocks from shops and restaurants along the Stark Street commercial corridor.
Key Highlights
- Two‑unit duplex with 1,560 square feet of space
- Each unit has 2 bedrooms and 1 bathroom
- Vacant, with new interior paint and carpet throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,740
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,800
$434.8K
Cap Rate 7%
$310,571
$310.6K
Cap Rate 9%
$241,556
$241.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$32.8K $21.00/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$31.1K $19.91/SF
− OpEx
−$9.3K −$5.97/SF
NOI
$21.7K $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 Rate 5%
$434,800
Cap Rate 7%
$310,571
Cap Rate 9%
$241,556
Alternative Uses
Best Use
Multifamily LT 5
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both vacant residences have refreshed interiors and off-street parking.
Where is this duplex located?
The property is located at 132 NE 78th AVE NE Portland, OR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,560 square feet of space; Each unit has 2 bedrooms and 1 bathroom; Vacant, with new interior paint and carpet throughout
