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    Renovated One-Level Duplex Title is generated by Realmo AI

    17867 NE WASCO St, Portland, OR 97230

    View on Map
    Claim this Listing
    New
    For Sale
    $499,900

    MULTI_FAMILY - Portland, OR

    Property size:
    1,824 SF
    Price / SF:
    $274/SF
    Added:
    Jun 11, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 14 at 10:06 pm

    Property Features for 17867 NE WASCO St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R5
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 2, Bedroom 1
    Standard status
    Active
    APN
    R143573
    Size
    1,824 SF

    Taxes and HOA fees

    Tax Description
    CYPRESS PARK, BLOCK 2, LOT 5
    Tax Annual Amount
    4181

    Utilities

    Heating system
    Forced Air
    Cooling system
    Heat Pump

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

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    Listing Contact
    Seth Mazur
    Seth Mazur

    Listing agent Seth Mazur License #201207906

    Listing office John L. Scott Portland Central 1205 NE MLK Jr Blvd, Portland, OR

    Listing date Jun 11, 2026

    MLS# 441637317 Listing URL

    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.

    HighLights

    • Fully renovated one‑level duplex with identical layouts: 2 bedrooms and 1 bathroom per unit
    • Brand‑new flooring, bright/open living areas, and updated kitchens with new stainless‑steel appliances
    • Heating: forced air; cooling: heat pump
    • Roof: composition shingles
    • Year built: 1965
    • Open house: 6/14 from 1–3 PM

    Overview

    This turnkey, fully renovated one-level duplex features two identical units, each with a two-bedroom, one-bathroom layout. The property has been upgraded with new flooring and refreshed, bright interior spaces designed for everyday functionality. Kitchens include pristine countertops, contemporary cabinetry, and brand-new stainless-steel appliances, providing consistent finishes across both units.

    Located in Northeast Portland, the duplex offers convenient access to nearby dining, parks, and transit, supporting both owner-occupant and tenant-ready living. The property is zoned R5, and it is offered for sale at 17867 NE WASCO St, Portland, OR 97230.

    The configuration and matching floorplans make this duplex practical for buyers seeking a straightforward rental setup, with each unit offering the same core bedroom and bathroom arrangement. For an owner-occupant, the layout supports live-in convenience alongside rental income potential from the second unit, with the updates positioned to help minimize near-term maintenance concerns. The duplex is presented as ready for immediate occupancy, with both sides available for rental.

    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 $38.3k $21.00
    − Vacancy −$2.0k −$1.09
    EGI $36.3k $19.91
    − OpEx −$10.9k −$5.97
    NOI $25.4k $13.94
    1,824 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $363.1K
    $317.7K – $423.7K (±1% cap)
    NOI $25,419 @ 7.0% cap · market cap 5.08%
    Second Best
    Apartment 5plus
    $334.6K
    $292.8K – $390.3K (±1% cap)
    NOI $23,420 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Office A
    $512.2K
    $448.2K – $597.6K (±1% cap)
    NOI $35,856 @ 7.0% cap · market cap 7.17%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.478867
    Latitude
    45.532355

    FAQs

    What type of property is this?
    Duplex - Turnkey, one-level duplex with two identical two-bedroom layouts and modern upgrades throughout.
    Where is this duplex located?
    The property is located at 17867 NE WASCO St Portland, OR.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Fully renovated one‑level duplex with identical layouts: 2 bedrooms and 1 bathroom per unit; Brand‑new flooring, bright/open living areas, and updated kitchens with new stainless‑steel appliances; Heating: forced air; cooling: heat pump
    More about this property
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