Four-Bedroom
For Sale
$579,000
2014 SE MARION St, Portland, OR 97202
MultiFamily, Portland, OR
Property Size1,560 SF
Lot Size0.12 Acres
Price / SF$371.15
Days on Market51
Property Features for 2014 SE MARION St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Subdivision
SELLWOOD - MORELAND
View
City
Elementary school
Duniway
Middle school
Sellwood
High school
Cleveland
Directions
From Tacoma, South on 21st to Marion
Standard status
Active
APN
R267995
Size
1,560 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
SELLWOOD, BLOCK 102, LOT 18
Tax Annual Amount
5681
Legal Description
SELLWOOD, BLOCK 102, LOT 18
Utilities
Heating system
Baseboard
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
CORE, Realtors
(971) 271-7174
Listed By:
Conor Finlay
(503) 545-7935
Added: Sep 3
Changed: Oct 17
Last Checked: Oct 23 at 4:06AM
MLS# 106980362
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,560 square feet on a 0.12-acre lot, with four bedrooms and two bathrooms. Constructed in 1968, the property features baseboard heating and a composition roof. The residence has an energy score of 5.
The property is located near Johns Creek Park and nearby bicycle trails, with access to the amenities identified in the Sellwood area. Long-term tenants are in place, and interior access is subject to offer terms and tenant coordination.
The property is located near Johns Creek Park and nearby bicycle trails, with access to the amenities identified in the Sellwood area. Long-term tenants are in place, and interior access is subject to offer terms and tenant coordination.
Key Highlights
- 1,560‑square‑foot duplex on a 0.12‑acre lot
- Four bedrooms and two bathrooms
- Built in 1968
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 - R2.5-zoned duplex with baseboard heating, composition roofing, and established tenant occupancy.
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: 1,560‑square‑foot duplex on a 0.12‑acre lot; Four bedrooms and two bathrooms; Built in 1968
