135 NE 55TH AVE, Portland, OR 97213
Well-maintained duplex with private entrances, updated exterior components, and two unit layouts for diversified living or rental use.
- Added:
- Feb 26, 2026
- Days on Market:
- 130
- Last Refresh:
- Jul 1 at 3:47 am
Property Features for 135 NE 55TH AVE
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing office Premiere Property Group, LLC (503) 502-3161
Listing date Feb 26, 2026
Source Premierepropertygroup
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 Premiere Property Group, LLC
HighLights
- Duplex with two units: Unit 133 (2 bed/1 bath) and Unit 135 (3 bed/2 bath), each with its own private entrance
- Rents: Unit 133 at $1,165/month and Unit 135 at $2,813/month; Unit mix totals 2 and 3 bedrooms
- Updates include new roof (2022), vinyl windows (2021), and fresh paint (2026); exterior is wood siding
- Unit 133 features refinished hardwood floors, stacked W/D, dishwasher, gas range, refrigerator, fenced yard, and a covered patio
- Unit 135 offers vaulted beam ceilings, a wood burning fireplace, private driveway, 1‑car garage, and finished basement
- Corner lot, 0.13 acres, level site; total building area 2,700 SF; foundation includes concrete perimeter and slab
Overview
Unit 135 features 3 bedrooms and 2 bathrooms, with one bathroom on each level. The unit includes vaulted beam ceilings and a wood-burning fireplace, along with a private driveway, a 1-car garage, and a finished basement. Both units are configured for everyday living with practical floor plans and natural light.
The property’s two distinct layouts make it a strong fit for buyers looking for rental flexibility or an owner-occupant setup, with one unit live-in while the other supports income. For tenants, the combination of in-unit features, private access, and outdoor space in unit 133 can support comfortable day-to-day living.
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 | $56.7k | $21.00 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $53.8k | $19.91 |
| − OpEx | −$16.1k | −$5.97 |
| NOI | $37.6k | $13.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6077289
- Latitude
- 45.5241409
