Duplex with
New
For Sale
$650,000
2204 NE 14TH AVE, Portland, OR 97212
Two two-bedroom units offer updated interiors and additional space across a sunroom, basement, deck, and full attic.
Property Size2,640 SF
Days on Market5
Property Features for 2204 NE 14TH AVE
General Information
Standard status
Active
Size
2,640 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Irvington Community Association
Units
Unit Mix
2 x 2bd/1ba
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,246
Amenities
sunroom
wood burning fireplace
basement
2nd floor deck
full attic
Building Details
Building Size
2,640 SF
Year Built
1908
Listing Agency:
Tu Casa Corporation
Listed By:
Jose Gonzalez · License #970400177
(503) 851-6582
Source:
Eleeterealestate
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:20PM
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 Tu Casa Corporation
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Investment Insights
Based on property information with market context.
Built in 1908, this duplex contains two 2-bedroom, 1-bathroom units. Both have been updated. The main unit features LVP flooring, refreshed kitchen counters and cabinets, and fresh paint, along with high ceilings, a breakfast nook, and a living and dining area with a wood-burning fireplace. A front sunroom adds usable space, and the basement provides storage or workspace potential.
The second unit includes a second-floor deck and a full attic. Groceries, coffee shops, and restaurants are close by on NE Broadway.
The second unit includes a second-floor deck and a full attic. Groceries, coffee shops, and restaurants are close by on NE Broadway.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Built in 1908
- Main unit has LVP flooring, updated kitchen counters and cabinets, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,790
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,800
$735.8K
Cap Rate 7%
$525,571
$525.6K
Cap Rate 9%
$408,778
$408.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$55.4K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$52.6K $19.91/SF
− OpEx
−$15.8K −$5.97/SF
NOI
$36.8K $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%
$735,800
Cap Rate 7%
$525,571
Cap Rate 9%
$408,778
Alternative Uses
Best Use
Multifamily LT 5
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$741.4K
$648.7K – $864.9K
NOI $51,896 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,921
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units offer updated interiors and additional space across a sunroom, basement, deck, and full attic.
Where is this duplex located?
The property is located at 2204 NE 14TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Built in 1908; Main unit has LVP flooring, updated kitchen counters and cabinets, and fresh paint
