Duplex with Detached
New
For Sale
$528,000
1523 NE DEKUM St, Portland, OR 97211
MultiFamily, Portland, OR
Property Size2,680 SF
Lot Size0.11 Acres
Price / SF$197.01
Days on Market1
Property Features for 1523 NE DEKUM St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Subdivision
Woodlawn
Elementary school
Woodlawn
Middle school
Ockley Green
High school
Jefferson
Directions
NE Martin Luther King Jr Blvd, E on NE Dekum St to property.
Standard status
Active
APN
R138599
Size
2,680 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
COLUMBIA HTS, BLOCK 14, LOT 11 EXC PT IN ST
Tax Annual Amount
4302
Legal Description
COLUMBIA HTS, BLOCK 14, LOT 11 EXC PT IN ST
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
patio
stone paver garden area
garden shed
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Opt
(503) 330-4772
Listed By:
Jake Barakat · License #200310299
(503) 670-9000
Added: Oct 6
Last Checked: Oct 6 at 8:06PM
MLS# 430276836
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.
Built in 1952, this 2,680-square-foot duplex offers hardwood floors and original interior details alongside a remodeled kitchen. Recent property improvements include a 2025 roof, updated electrical service, PEX plumbing, and newer forced-air heating and central air conditioning. A detached shop sits beyond the long driveway, which provides off-street parking; the structure was previously a two-car garage. The 0.11-acre lot also includes a patio, stone-paver garden area, and garden shed.
The property is at 1523 NE Dekum St in Portland’s Woodlawn area, near the Dekum Triangle and neighborhood restaurants, breweries, shops, and entertainment. Zoning is R5.
The property is at 1523 NE Dekum St in Portland’s Woodlawn area, near the Dekum Triangle and neighborhood restaurants, breweries, shops, and entertainment. Zoning is R5.
Key Highlights
- 2,680‑square‑foot duplex on a 0.11‑acre lot
- Built in 1952; zoned R5
- 2025 roof, updated electrical, PEX plumbing, and newer furnace and central AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,347
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,940
$746.9K
Cap Rate 7%
$533,529
$533.5K
Cap Rate 9%
$414,967
$415.0K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$56.3K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$53.4K $19.91/SF
− OpEx
−$16.0K −$5.97/SF
NOI
$37.3K $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%
$746,940
Cap Rate 7%
$533,529
Cap Rate 9%
$414,967
Alternative Uses
Best Use
Multifamily LT 5
$533.5K
$466.8K – $622.5K
NOI $37,347 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$752.6K
$658.5K – $878.1K
NOI $52,683 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated mechanical systems complement period interiors and off-street parking.
Where is this duplex located?
The property is located at 1523 NE DEKUM St Portland, OR.
What is the asking price?
The asking price for this property is $528,000.
What are key features of this property?
This property features: 2,680‑square‑foot duplex on a 0.11‑acre lot; Built in 1952; zoned R5; 2025 roof, updated electrical, PEX plumbing, and newer furnace and central AC
