New Duplex with Full
16473 Northwest Liberty Street Portland, OR 97229
16473 Northwest Liberty Street, Portland, OR, 97229
$989,000
For Sale
$989,000
Two separate units share a full lockout door, with garages and central air for flexible living.
Property Size3,018 SF
Price / SF$327.70
Days on Market181
Property Features for 16473 Northwest Liberty Street
General Information
- Standard status
- Active
- Size
- 3,018 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2026
Listing agency
Park Place Real Estate, Inc
(503) 201-8868
Listed by
Leon Simms · License #860900098
(503) 201-8868
Source
Compass
Added: Jan 22 Updated: Jul 20 at 5:00PM Checked: Jul 21 at 8:19AM
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 Park Place Real Estate, Inc
Investment Insights
Based on property information with market context.
A newly designed duplex offering two completely separate homes that can also be combined into a single residence. Unit A provides approximately 2,000 square feet with four bedrooms and 3.5 baths, including two en-suite bedrooms, a third bedroom with direct access to a full bath, and an oversized fourth bedroom/bonus room with an exterior door to a covered porch and a turfed, fenced rear yard. Unit B offers about 1,000 square feet of all-one-level living with two bedrooms, two baths, vaulted ceilings, and a covered balcony bringing in natural light. A full lockout door separates the units, and most stairways are designed to accommodate a chairlift system.
The combined layout supports up to six bedrooms and 5.5 baths, with two complete kitchens, living areas, and two single-car garages. The home features two full kitchens with gas cooking, quartz counters, high-end appliances, and central air conditioning, along with low-maintenance exterior landscaping and abundant on-street parking.
Offered turn-key with window coverings and washer/dryers included, the property is positioned in a quiet country-feel neighborhood just minutes from Bethany Village shopping and dining, and provides easy access to Hwy. 26. There are no rental restrictions and no HOA.
The combined layout supports up to six bedrooms and 5.5 baths, with two complete kitchens, living areas, and two single-car garages. The home features two full kitchens with gas cooking, quartz counters, high-end appliances, and central air conditioning, along with low-maintenance exterior landscaping and abundant on-street parking.
Offered turn-key with window coverings and washer/dryers included, the property is positioned in a quiet country-feel neighborhood just minutes from Bethany Village shopping and dining, and provides easy access to Hwy. 26. There are no rental restrictions and no HOA.
Key Highlights
- New 2026 duplex with a full lockout door between units A and B for separate use or combination into one home
- Unit A: 2,000 SF with 4 bedrooms and 3.5 baths; includes 2 en‑suite bedrooms and oversized 4th bedroom/bonus room with exterior door to covered porch
- Unit B: 1,000 SF all one level with 2 bedrooms, 2 baths, vaulted ceilings, and a covered balcony
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 | $67.0k | $22.20 |
| − Vacancy | −$3.9k | −$1.29 |
| EGI | $63.1k | $20.91 |
| − OpEx | −$18.9k | −$6.27 |
| NOI | $44.2k | $14.64 |
3,018 SF · lease $22.20/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$631.1K
$552.3K – $736.3K
NOI $44,180 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$583.5K
$510.6K – $680.8K
NOI $40,846 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units share a full lockout door, with garages and central air for flexible living.
Where is this duplex located?
The property is located at 16473 Northwest Liberty Street Portland, OR.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: New 2026 duplex with a full lockout door between units A and B for separate use or combination into one home; Unit A: 2,000 SF with 4 bedrooms and 3.5 baths; includes 2 en‑suite bedrooms and oversized 4th bedroom/bonus room with exterior door to covered porch; Unit B: 1,000 SF all one level with 2 bedrooms, 2 baths, vaulted ceilings, and a covered balcony
