Duplex with Three
For Sale
$475,000
Pending
16735 NE GLISAN ST, Portland, OR 97230
Two distinct residences offer private garages, in-unit laundry, and fireplaces within a flexible duplex configuration.
Property Size3,196 SF
Days on Market54
Property Features for 16735 NE GLISAN ST
General Information
Standard status
Pending
Size
3,196 SF
Total Parking Spaces
3
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Wilkes Community Group
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,991
Amenities
in-unit laundry
fireplace
Building Details
Building Size
3,196 SF
Year Built
1973
Buildings
1
Listing Agency:
Opt
Listed By:
Christopher Haveman · License #201233569
(503) 799-9170
Source:
Eleeterealestate
Added: Sep 11
Changed: Nov 1
Last Checked: Nov 1 at 12:37PM
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 Opt
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Investment Insights
Based on property information with market context.
Built in 1973, this Portland duplex contains two separate residences with practical layouts and private garage access. One unit includes three bedrooms and one and a half baths; the other has two bedrooms and two full baths. Both residences feature attached garages, in-unit laundry, fireplaces, and independent living areas.
A third standalone garage provides additional on-site storage or parking capacity. Recent property updates include a newer roof, HVAC system, and hot water heater. Located at 16735 NE GLISAN ST in Portland, the property combines separate household spaces with a range of existing improvements in one residential income property.
A third standalone garage provides additional on-site storage or parking capacity. Recent property updates include a newer roof, HVAC system, and hot water heater. Located at 16735 NE GLISAN ST in Portland, the property combines separate household spaces with a range of existing improvements in one residential income property.
Key Highlights
- Two‑unit duplex with separate living spaces
- Unit mix includes 3 bedrooms and 1.5 baths plus 2 bedrooms and 2 full baths
- Each unit has an attached garage, in‑unit laundry, and fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,037
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,740
$820.7K
Cap Rate 7%
$586,243
$586.2K
Cap Rate 9%
$455,967
$456.0K
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$78.6K $24.60/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$74.6K $23.35/SF
− OpEx
−$33.6K −$10.51/SF
NOI
$41.0K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,740
Cap Rate 7%
$586,243
Cap Rate 9%
$455,967
Alternative Uses
Best Use
Multifamily LT 5
$636.3K
$556.7K – $742.3K
NOI $44,538 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$586.2K
$513.0K – $684.0K
NOI $41,037 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$897.5K
$785.3K – $1.05M
NOI $62,826 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer private garages, in-unit laundry, and fireplaces within a flexible duplex configuration.
Where is this duplex located?
The property is located at 16735 NE GLISAN ST Portland, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with separate living spaces; Unit mix includes 3 bedrooms and 1.5 baths plus 2 bedrooms and 2 full baths; Each unit has an attached garage, in‑unit laundry, and fireplace
