Duplex with Separate Lower-Level
For Sale
$825,000
3412 SW 13TH AVE, Portland, OR 97239
Two distinct living areas support multigenerational occupancy, in-law use, or a dedicated home office arrangement.
Property Size4,781 SF
Days on Market635
Property Features for 3412 SW 13TH AVE
General Information
Standard status
Active
Size
4,781 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Homestead
Taxes and HOA fees
Annual Taxes
$13,397
Building Details
Building Size
4,781 SF
Year Built
1950
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Zachary Eaton · License #201206055
(503) 349-7037
Source:
Eleeterealestate
Added: Feb 7, 2025
Changed: Oct 31
Last Checked: Nov 1 at 2:16PM
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 Professionals
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Investment Insights
Based on property information with market context.
This 4,781 SF duplex, built in 1950, combines a primary residence with a separately entered lower-level unit. The main level includes six bedrooms, four full bathrooms, a bonus room, family room with fireplace, kitchen, and adjoining dining room. The lower unit adds two bedrooms, one full bathroom, a full kitchen, dining area, laundry room, living room, and its own fireplace.
Recent improvements include interior and exterior paint, kitchen and appliance updates, new light fixtures, carpet, refinished wood floors, a new furnace, and a mini-split system. The property sits on a low-maintenance, tree-surrounded lot with territorial views at 3412 SW 13th Ave in Portland. Restaurants, PSU, downtown Portland, OHSU, and Marquam Nature Park are nearby, with OHSU and the park described as walkable from the home.
Recent improvements include interior and exterior paint, kitchen and appliance updates, new light fixtures, carpet, refinished wood floors, a new furnace, and a mini-split system. The property sits on a low-maintenance, tree-surrounded lot with territorial views at 3412 SW 13th Ave in Portland. Restaurants, PSU, downtown Portland, OHSU, and Marquam Nature Park are nearby, with OHSU and the park described as walkable from the home.
Key Highlights
- 4,781 SF duplex built in 1950
- Main residence includes 6 bedrooms and 4 full bathrooms
- Separate lower‑level unit with 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,626
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,520
$1.3M
Cap Rate 7%
$951,800
$951.8K
Cap Rate 9%
$740,289
$740.3K
Market Conditions
NOI Build-Up for 4,781 SF
Gross rent
$100.4K $21.00/SF
− Vacancy
−$5.2K −$1.09/SF
EGI
$95.2K $19.91/SF
− OpEx
−$28.6K −$5.97/SF
NOI
$66.6K $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%
$1,332,520
Cap Rate 7%
$951,800
Cap Rate 9%
$740,289
Alternative Uses
Best Use
Multifamily LT 5
$951.8K
$832.8K – $1.11M
NOI $66,626 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$877.0K
$767.4K – $1.02M
NOI $61,388 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,984 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,352
Businesses Nearby
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Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living areas support multigenerational occupancy, in-law use, or a dedicated home office arrangement.
Where is this duplex located?
The property is located at 3412 SW 13TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 4,781 SF duplex built in 1950; Main residence includes 6 bedrooms and 4 full bathrooms; Separate lower‑level unit with 2 bedrooms and 1 full bathroom
