Remodeled Duplex with Detached
13414 NW SHERRY St Portland, OR 97229
New
For Sale
$799,000
MULTI_FAMILY - Portland, OR
Property Size2,485 SF
Lot Size0.34 Acres
Price / SF$321.53
Days on Market6
Property Features for 13414 NW SHERRY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R24-40
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 2
- Standard status
- Active
- APN
- R636093
- Size
- 2,485 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- GREDVIG'S SUBDIVISION, BLOCK 3, LOT 2 & PT 1
- Tax Annual Amount
- 5077
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency:
Kevin Morris Realty
(503) 452-5400
Listed By:
Rachelle Kammann
(503) 314-9230
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 27 at 8:06AM
MLS# 741838046
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 remodeled duplex includes two spacious 3-bedroom, 1-bath units. Recent improvements are listed as all-new water and sewer lines, new tankless water heaters, and new electrical panels. The property also features a detached shop that is currently leased for $600/month.
The site is zoned R24-40 and sits on a 0.34-acre lot. Public remarks cite a 6.2% cap rate based on current rental income and describe the property as an investment and development opportunity in Cedar Mill, with minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit.
The seller notes the potential to add approximately five additional units while retaining existing improvements, or redevelop for an estimated 9–12 unit project, with the buyer responsible for all due diligence with Washington County.
The site is zoned R24-40 and sits on a 0.34-acre lot. Public remarks cite a 6.2% cap rate based on current rental income and describe the property as an investment and development opportunity in Cedar Mill, with minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit.
The seller notes the potential to add approximately five additional units while retaining existing improvements, or redevelop for an estimated 9–12 unit project, with the buyer responsible for all due diligence with Washington County.
Key Highlights
- Duplex with two 3‑bedroom, 1‑bath units generating current rental income and a stated 6.2% cap rate
- Recent remodeling: all new water and sewer line, new tankless water heaters, and new electrical panels
- Detached shop on‑site currently leased for $600/month for additional income
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 | $55.2k | $22.20 |
| − Vacancy | −$3.2k | −$1.29 |
| EGI | $52.0k | $20.91 |
| − OpEx | −$15.6k | −$6.27 |
| NOI | $36.4k | $14.64 |
2,485 SF · lease $22.20/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.7K
$454.7K – $606.3K
NOI $36,377 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$480.5K
$420.4K – $560.6K
NOI $33,633 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$670.8K
$586.9K – $782.6K
NOI $46,953 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Remodeled duplex with two 3-bedroom units plus a detached, leased shop on a multifamily-zoned lot.
Where is this duplex located?
The property is located at 13414 NW SHERRY St Portland, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 1‑bath units generating current rental income and a stated 6.2% cap rate; Recent remodeling: all new water and sewer line, new tankless water heaters, and new electrical panels; Detached shop on‑site currently leased for $600/month for additional income
