Duplex Near Glenfair
15540 Northeast Couch Street Portland, OR 97230
15540 Northeast Couch Street, Portland, OR, 97230
$500,000
Pending
For Sale
$500,000
Pending
Well-maintained duplex with upgraded interiors and long-term tenants.
Property Size1,848 SF
Days on Market250
Property Features for 15540 Northeast Couch Street
General Information
- Standard status
- Pending
- Size
- 1,848 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing Agency
Coldwell Banker Bain
(360) 931-5667
Listed by
Meiya Luo · License #201228750
(360) 931-5667
Source
Compass
Added: Nov 10, 2025 Checked: Jul 17 at 5:06 am
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 Coldwell Banker Bain
Investment Insights
Based on property information with market context.
This well-maintained duplex presents a great investment opportunity near Glenfair Park. The property features one 3-bedroom, 2-bath unit and one 2-bedroom, 1.5-bath unit. Both units include fireplaces, washer/dryer hookups, and attached 1-car garages, with additional off-street parking available. The property has a south-facing yard. Each unit offers upgraded interiors and has long-term tenants, providing immediate rental income. The current rents are $1,600 and $1,525 per month. The property size is 1848 square feet. Buyer to obtain and honor existing one-year leases.
Key Highlights
- Immediate rental income from long‑term tenants.
- Two units: one 3‑bedroom, 2‑bath and one 2‑bedroom, 1.5‑bath.
- Desirable location near Glenfair Park.
Local 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 | $38.8k | $21.00 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $36.8k | $19.91 |
| − OpEx | −$11.0k | −$5.97 |
| NOI | $25.8k | $13.94 |
1,848 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.9K
$321.9K – $429.2K
NOI $25,753 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$339.0K
$296.6K – $395.5K
NOI $23,728 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$519.0K
$454.1K – $605.5K
NOI $36,327 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with upgraded interiors and long-term tenants.
Where is this duplex located?
The property is located at 15540 Northeast Couch Street Portland, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Immediate rental income from long‑term tenants.; Two units: **one 3‑bedroom, 2‑bath and one 2‑bedroom, 1.5‑bath**.; Desirable location near Glenfair Park.
