Corner Duplex with Two Private
135 NE 55TH Ave Portland, OR 97213
For Sale
$725,000
MULTI_FAMILY - Portland, OR
Property Size2,700 SF
Lot Size0.13 Acres
Price / SF$268.52
Days on Market154
Property Features for 135 NE 55TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2.5
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3
Standard status
Active
APN
R130725
Size
2,700 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
CENTER ADD, BLOCK 13, LOT 1, E 10' OF LOT 2
Tax Annual Amount
7223
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Jennifer Lillie
(503) 502-3161
Added: Feb 26
Changed: Jul 28
Last Checked: Jul 30 at 5:06AM
MLS# 260673167
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 duplex offers two separate residential units with independent living layouts and private entrances. Improvements include a new roof in 2022, vinyl windows installed in 2021, and fresh paint completed in 2026 (2021 for unit #135). Unit 133 is a 2-bedroom, 1-bath configuration with refinished hardwood floors, a stacked washer/dryer, and a fenced yard with a covered patio. Unit 135 offers 3 bedrooms and 2 bathrooms, with one bathroom on each level, vaulted beam ceilings, a wood-burning fireplace, a private driveway, a 1-car garage, and a finished basement.
The property is located on a corner lot in NE Portland and is described as being minutes from local shops and restaurants, Providence Hospital, parks, and public transportation.
Overall, the asset is a duplex designed to provide functional, self-contained units while maintaining a straightforward two-unit structure for rental use.
The property is located on a corner lot in NE Portland and is described as being minutes from local shops and restaurants, Providence Hospital, parks, and public transportation.
Overall, the asset is a duplex designed to provide functional, self-contained units while maintaining a straightforward two-unit structure for rental use.
Key Highlights
- Duplex built in 1950 with forced‑air heating and a composition roof
- Two separate units with private entrances on a corner lot
- Roof replacement in 2022; vinyl windows installed in 2021 (2021 for unit 135); fresh paint noted for 2026
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 |
2,700 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.3K – $627.1K
NOI $37,626 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.8K
NOI $34,668 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$758.2K
$663.5K – $884.6K
NOI $53,076 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex on a corner lot with two separate units, each with its own private entrance.
Where is this duplex located?
The property is located at 135 NE 55TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex built in 1950 with forced‑air heating and a composition roof; Two separate units with private entrances on a corner lot; Roof replacement in 2022; vinyl windows installed in 2021 (2021 for unit 135); fresh paint noted for 2026
