Duplex with Full Lockout
16473 NW liberty St Portland, OR 97229
For Sale
$899,900
MULTI_FAMILY - Portland, OR
Property Size3,018 SF
Price / SF$298.18
Days on Market186
Property Features for 16473 NW liberty St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
r5
Bedrooms
6
Bathrooms
6
Rooms
Bathroom 6, Bedroom 3, Bedroom 5, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4
Standard status
Active
APN
R2202594
Size
3,018 SF
Taxes and HOA fees
Tax Description
Lot 5 Orchards at Abby Creek
Tax Annual Amount
3211
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Leon Simms · License #860900098
(503) 201-8868
Added: Jan 22
Changed: Jul 26
Last Checked: Jul 27 at 9:06PM
MLS# 318404281
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.
Newly designed duplex in Portland offering two completely separate homes, with a full lockout door between the units. Unit A features approximately two levels of space with 4 bedrooms and 3½ baths, including en-suite bedrooms, a third bedroom with direct access to a full bath, and an oversized 4th bedroom/bonus room with an exterior door to a covered porch overlooking a turfed lawn in a fenced rear yard. Unit B is single-level living with 2 bedrooms and 2 baths, vaulted ceilings, and a covered balcony for natural light.
The property is configured so both units can be combined into one larger home with two complete kitchens, living areas, and garages. Most stairways are designed to accept a chairlift system. Finishes and amenities include gas cooking, quartz counters, high-end appliances, and central air conditioning, with two single-car garages and abundant on-street parking. The building is described as having open views of the west hills.
Located in an R5-zoned area in Washington County, the duplex is described as minutes from Bethany Village shopping and dining and provides easy access to Hwy. 26. The remarks state there are no rental restrictions and no HOA, and that the homes are turnkey with items such as window coverings and washer and dryers included.
The property is configured so both units can be combined into one larger home with two complete kitchens, living areas, and garages. Most stairways are designed to accept a chairlift system. Finishes and amenities include gas cooking, quartz counters, high-end appliances, and central air conditioning, with two single-car garages and abundant on-street parking. The building is described as having open views of the west hills.
Located in an R5-zoned area in Washington County, the duplex is described as minutes from Bethany Village shopping and dining and provides easy access to Hwy. 26. The remarks state there are no rental restrictions and no HOA, and that the homes are turnkey with items such as window coverings and washer and dryers included.
Key Highlights
- New duplex under construction (2026) with central air and forced‑air heating
- Unit A offers 2,000 SF with 4 bedrooms and 3.5 baths, including two en‑suites and an oversized 4th bedroom/bonus room
- Unit B features 1,000 SF of one‑level living with 2 bedrooms, 2 baths, vaulted ceilings, and a covered balcony
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 4.91%
Second Best
Apartment 5plus
$583.5K
$510.6K – $680.8K
NOI $40,846 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - New duplex offers two separate residences with a lockout door, dual kitchens, and central air, plus two garages.
Where is this duplex located?
The property is located at 16473 NW liberty St Portland, OR.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: New duplex under construction (2026) with central air and forced‑air heating; Unit A offers 2,000 SF with 4 bedrooms and 3.5 baths, including two en‑suites and an oversized 4th bedroom/bonus room; Unit B features 1,000 SF of one‑level living with 2 bedrooms, 2 baths, vaulted ceilings, and a covered balcony
