Townhouse-Style Duplex with
For Sale
$525,000
14811-14813 Northeast Fremont Court, Portland, OR 97230
Two attached residences offer fenced outdoor areas, private garages, and an RM1 zoning designation.
Property Size2,404 SF
Price / SF$218.39
Days on Market397
Property Features for 14811-14813 Northeast Fremont Court
General Information
Standard status
Active
Size
2,404 SF
Total Parking Spaces
4
Property subtype
Multi Family
Zoning
RM1
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,340
Amenities
fenced yard
attached garage
washer/dryer
2
Crawl Space
Concrete Perimeter
Composition, Shingle
Lap Siding
Building Details
Year Built
1996
Listing Agency:
Opt
(503) 515-9374
Listed By:
Brian Spear · License #200312221
(503) 515-9374
Source:
Compass
Added: Jul 30, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:02PM
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 Opt
Investment Insights
Based on property information with market context.
This 2,404-square-foot duplex was built in 1996 with a townhouse-style arrangement. Each residence places the dining, kitchen, and living areas on the main floor, with two bedrooms and two full bathrooms upstairs. Both units also include an attached garage, utility room with washer and dryer, and individually fenced yard space. The property has a composition shingle roof installed in 2025, lap siding, and crawl-space construction with concrete perimeter elements.
Located on Northeast Fremont Court in Portland’s Wilkes neighborhood, the duplex sits on a cul-de-sac street. Both residences are currently occupied, and the RM1 zoning designation supports the property’s multifamily classification. A Home Energy Score of 8 is reported for the property.
Located on Northeast Fremont Court in Portland’s Wilkes neighborhood, the duplex sits on a cul-de-sac street. Both residences are currently occupied, and the RM1 zoning designation supports the property’s multifamily classification. A Home Energy Score of 8 is reported for the property.
Key Highlights
- 2,404‑square‑foot duplex built in 1996
- Each unit includes 2 bedrooms and 2 full bathrooms
- Townhouse‑style layout with living areas on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,020
$670.0K
Cap Rate 7%
$478,586
$478.6K
Cap Rate 9%
$372,233
$372.2K
Market Conditions
NOI Build-Up for 2,404 SF
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.
Gross rent
$50.5K $21.00/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$47.9K $19.91/SF
− OpEx
−$14.4K −$5.97/SF
NOI
$33.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,020
Cap Rate 7%
$478,586
Cap Rate 9%
$372,233
Alternative Uses
Best Use
Multifamily LT 5
$478.6K
$418.8K – $558.4K
NOI $33,501 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$441.0K
$385.8K – $514.5K
NOI $30,867 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$675.1K
$590.7K – $787.6K
NOI $47,257 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 97230, OR
41,562
Population
17,190
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
13.9 sq mi
ZIP Area
2,990
Density / Sq Mi
$70,582
Median Household Income
$41,102
Median Earnings
$1,511
Median Rent
$435,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer fenced outdoor areas, private garages, and an RM1 zoning designation.
Where is this duplex located?
The property is located at 14811-14813 Northeast Fremont Court Portland, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,404‑square‑foot duplex built in 1996; Each unit includes 2 bedrooms and 2 full bathrooms; Townhouse‑style layout with living areas on the main level
