Duplex With Established
For Sale
$579,000
2014 Se Marion St, Portland, OR 97202
Two-unit property with long-term tenants near a neighborhood park, bike trails, and Sellwood amenities.
Property Size1,560 SF
Price / SF$371.15
Days on Market97
Property Features for 2014 Se Marion St
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Sellwood-Moreland Improvement League
Additional Details
Multifamily Units
2
Building Details
Year Built
1968
Listing Agency:
CORE, Realtors
Listed By:
Conor Finlay · License #201217057
(503) 545-7935
Source:
Viewportlandrealestate
Added: Jul 19
Changed: Oct 21
Last Checked: Oct 20 at 9:57PM
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 CORE, Realtors
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Investment Insights
Based on property information with market context.
This 1968-built duplex contains 1,560 square feet and is occupied by long-term tenants with an established rental history. The property is offered for sale with offers subject to interior inspection, and tenant privacy is requested during the marketing process.
Located at 2014 SE Marion St in Portland’s Sellwood area, the property sits one block from Johns Creek Park with access to nearby bike trails and neighborhood amenities. The home has a Home Energy Score of 5, with the associated HES report available through the listed registry link.
Located at 2014 SE Marion St in Portland’s Sellwood area, the property sits one block from Johns Creek Park with access to nearby bike trails and neighborhood amenities. The home has a Home Energy Score of 5, with the associated HES report available through the listed registry link.
Key Highlights
- Duplex with 1,560 square feet
- Built in 1968
- Long‑term tenants with established rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,667
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,340
$453.3K
Cap Rate 7%
$323,814
$323.8K
Cap Rate 9%
$251,856
$251.9K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$34.6K $22.20/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$32.4K $20.76/SF
− OpEx
−$9.7K −$6.23/SF
NOI
$22.7K $14.53/SF
Area
ZIP 97202
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,340
Cap Rate 7%
$323,814
Cap Rate 9%
$251,856
Alternative Uses
Best Use
Multifamily LT 5
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$372.2K
$325.7K – $434.2K
NOI $26,052 @ 7.0% cap · market cap 4.50%
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
907
Businesses Nearby
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Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
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-unit property with long-term tenants near a neighborhood park, bike trails, and Sellwood amenities.
Where is this duplex located?
The property is located at 2014 Se Marion St Portland, OR.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Duplex with 1,560 square feet; Built in 1968; Long‑term tenants with established rental history
