Townhouse-Style Duplex with
15535 NE Beech St, Portland, OR 97230
For Sale
New
$600,000
MultiFamily, Portland, OR
Property Size2,465 SF
Lot Size0.11 Acres
Price / SF$243.41
Days on Market1
Property Features for 15535 NE Beech St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
gas fireplaces
private decks
vaulted ceilings
kitchen islands
main-level laundry hookups
attached garages
mature trees
established landscaping
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Nick Shivers
(503) 389-0821
Added: Nov 6
Last Checked: Nov 6 at 8:06PM
MLS# 652280777
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,465-square-foot townhouse-style duplex sits on a 0.11-acre corner lot and was built in 2004. Both residences have open living areas with vaulted ceilings, gas fireplaces, dining spaces, and sliding doors to private decks. Each also includes a kitchen with an island, main-level laundry hookups, and an attached garage. Upstairs bedroom and bath arrangements differ between the two units. The property is zoned R3, and tenants are responsible for utilities.
The residences face separate streets. Wilkes Park is about a block away, with shopping, restaurants, NE Sandy Blvd, I-84, and outdoor recreation also identified nearby. Mature trees and established landscaping are present on the lot.
The residences face separate streets. Wilkes Park is about a block away, with shopping, restaurants, NE Sandy Blvd, I-84, and outdoor recreation also identified nearby. Mature trees and established landscaping are present on the lot.
Key Highlights
- Two‑unit townhouse‑style duplex with 2,465 square feet on a 0.11‑acre lot
- Built in 2004 and zoned R3
- Both units feature vaulted ceilings, gas fireplaces, kitchen islands, and private decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,351
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,020
$687.0K
Cap Rate 7%
$490,729
$490.7K
Cap Rate 9%
$381,678
$381.7K
Market Conditions
NOI Build-Up for 2,465 SF
Gross rent
$51.8K $21.00/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$49.1K $19.91/SF
− OpEx
−$14.7K −$5.97/SF
NOI
$34.4K $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%
$687,020
Cap Rate 7%
$490,729
Cap Rate 9%
$381,678
Alternative Uses
Best Use
Multifamily LT 5
$490.7K
$429.4K – $572.5K
NOI $34,351 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$452.2K
$395.6K – $527.5K
NOI $31,651 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$692.2K
$605.7K – $807.6K
NOI $48,456 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
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
$435,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Portland, OR
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct layouts, private outdoor space, and attached parking.
Where is this duplex located?
The property is located at 15535 NE Beech St Portland, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit townhouse‑style duplex with 2,465 square feet on a 0.11‑acre lot; Built in 2004 and zoned R3; Both units feature vaulted ceilings, gas fireplaces, kitchen islands, and private decks
