Duplex with Detached
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 Market16
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, Bedroom 2, Bathroom 2, Bedroom 1
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
Listed By:
Jake Barakat
(503) 330-4772
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 21 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This 1952 duplex contains 2,680 square feet and sits on a 0.11-acre lot. Interior details include hardwood floors and original character, alongside a remodeled kitchen. System updates include a 2025 roof, updated electrical, PEX plumbing, and newer forced-air heating and central air conditioning.
A long driveway provides off-street parking and leads to a detached shop, previously configured as a two-car garage. The rear grounds include a patio, a stone-paver garden area, and a garden shed. The property is zoned R5 and is located in Portland, Oregon.
A long driveway provides off-street parking and leads to a detached shop, previously configured as a two-car garage. The rear grounds include a patio, a stone-paver garden area, and a garden shed. The property is zoned R5 and is located in Portland, Oregon.
Key Highlights
- 2,680‑square‑foot duplex built in 1952
- 0.11‑acre lot zoned R5
- 2025 roof, updated electrical, and PEX plumbing
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.
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Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer off-street parking and access to private outdoor areas.
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 built in 1952; 0.11‑acre lot zoned R5; 2025 roof, updated electrical, and PEX plumbing
