Duplex with Three
New
For Sale
$525,000
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 Market7
Property Features for 16735 NE GLISAN ST
General Information
Standard status
Active
Size
3,196 SF
Total Parking Spaces
3
Property subtype
MULTI_FAMILY
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: Sep 17
Last Checked: Sep 16 at 11:34PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$890,760
$890.8K
Cap Rate 7%
$636,257
$636.3K
Cap Rate 9%
$494,867
$494.9K
Market Conditions
NOI Build-Up for 3,196 SF
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.
Gross rent
$67.1K $21.00/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$63.6K $19.91/SF
− OpEx
−$19.1K −$5.97/SF
NOI
$44.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$890,760
Cap Rate 7%
$636,257
Cap Rate 9%
$494,867
Alternative Uses
Best Use
Multifamily LT 5
$636.3K
$556.7K – $742.3K
NOI $44,538 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$586.2K
$513.0K – $684.0K
NOI $41,037 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$897.5K
$785.3K – $1.05M
NOI $62,826 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
654
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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 $525,000.
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
