Duplex with Private Outdoor
For Sale
$795,000
1926 NE 11TH AVE, Portland, OR 97212
The 1907 property combines central air, updated kitchens and laundry access for both units.
Property Size2,836 SF
Price / SF$280.32
Days on Market148
Property Features for 1926 NE 11TH AVE
General Information
Standard status
Active
Size
2,836 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Irvington Community Association
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,794
Amenities
central air
energy-efficient windows
in-unit washer/dryer
deck
back yard
basement
Building Details
Building Size
2,836 SF
Year Built
1907
Buildings
1
Listing Agency:
ELEETE REAL ESTATE
Listed By:
The Lee Davies Team
(503) 997-1118
Source:
Leedavies
Added: Jun 8
Changed: Nov 1
Last Checked: Oct 31 at 10:01PM
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 ELEETE REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1907, this 2,836-square-foot duplex has two units, updated kitchens, central air and energy-efficient windows. Laundry is available in the upper unit, with additional laundry access for the lower unit. A basement provides storage.
Outdoor features include a large deck and backyard stairs serving the upper unit, direct backyard access from the lower unit, and a 100-foot-long driveway. The property is in Portland’s Irvington neighborhood, near public transportation, grocery stores, shops and restaurants.
Outdoor features include a large deck and backyard stairs serving the upper unit, direct backyard access from the lower unit, and a 100-foot-long driveway. The property is in Portland’s Irvington neighborhood, near public transportation, grocery stores, shops and restaurants.
Key Highlights
- 2,836‑square‑foot duplex built in 1907
- Central air, energy‑efficient windows and updated kitchens
- Upper unit includes in‑unit washer and dryer; lower unit has laundry access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,521
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,420
$790.4K
Cap Rate 7%
$564,586
$564.6K
Cap Rate 9%
$439,122
$439.1K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$59.6K $21.00/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$56.5K $19.91/SF
− OpEx
−$16.9K −$5.97/SF
NOI
$39.5K $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 Rate 5%
$790,420
Cap Rate 7%
$564,586
Cap Rate 9%
$439,122
Alternative Uses
Best Use
Multifamily LT 5
$564.6K
$494.0K – $658.7K
NOI $39,521 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$796.4K
$696.9K – $929.2K
NOI $55,749 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,579
Businesses Nearby
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Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
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 - The 1907 property combines central air, updated kitchens and laundry access for both units.
Where is this duplex located?
The property is located at 1926 NE 11TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,836‑square‑foot duplex built in 1907; Central air, energy‑efficient windows and updated kitchens; Upper unit includes in‑unit washer and dryer; lower unit has laundry access
