Duplex with Separate Living
2225 N Humboldt St, Portland, OR 97217
For Sale
$649,000
Two independent living areas retain a two-car garage, driveway parking, and a fenced backyard with mature plantings.
Property Size2,417 SF
Lot Size0.40 Acres
Price / SF$268.51
Days on Market48
Property Features for 2225 N Humboldt St
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Business Included
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Mathew Wray
(503) 858-0587
Source:
Kingdomreal
Added: Sep 20
Changed: Oct 26
Last Checked: Nov 6 at 12:09PM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This 2,417-square-foot duplex combines a classic Foursquare residence with a fully separate living area above the detached two-car garage. The upper space includes vaulted ceilings, a mini-split system, dedicated water heating and laundry, a full bedroom with balcony, plus a living room and kitchen. Its mechanically permitted configuration supports independent occupancy and flexible use.
The main home features built-ins, a central fireplace, hardwood floors, modernized bathrooms and kitchen, double-pane windows, and a high-efficiency furnace supplemented by mini-splits. A deck extends from the primary living areas to a fenced backyard with mature flowering plants. The property also includes a long driveway and sits on a dead-end street in Portland’s Overlook neighborhood, near transit, Adidas HQ, Kaiser, and Madrona Park. The reported Home Energy Score is 5.
The main home features built-ins, a central fireplace, hardwood floors, modernized bathrooms and kitchen, double-pane windows, and a high-efficiency furnace supplemented by mini-splits. A deck extends from the primary living areas to a fenced backyard with mature flowering plants. The property also includes a long driveway and sits on a dead-end street in Portland’s Overlook neighborhood, near transit, Adidas HQ, Kaiser, and Madrona Park. The reported Home Energy Score is 5.
Key Highlights
- 2,417‑square‑foot duplex with two independent living areas
- Separate living space above the two‑car garage with bedroom, balcony, kitchen, laundry, and living room
- Fully permitted secondary living area with its own water heater and mini‑split
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,682
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,640
$673.6K
Cap Rate 7%
$481,171
$481.2K
Cap Rate 9%
$374,244
$374.2K
Market Conditions
NOI Build-Up for 2,417 SF
Gross rent
$50.8K $21.00/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$48.1K $19.91/SF
− OpEx
−$14.4K −$5.97/SF
NOI
$33.7K $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%
$673,640
Cap Rate 7%
$481,171
Cap Rate 9%
$374,244
Alternative Uses
Best Use
Multifamily LT 5
$481.2K
$421.0K – $561.4K
NOI $33,682 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$443.3K
$387.9K – $517.2K
NOI $31,034 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$678.8K
$593.9K – $791.9K
NOI $47,513 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, OR
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent living areas retain a two-car garage, driveway parking, and a fenced backyard with mature plantings.
Where is this duplex located?
The property is located at 2225 N Humboldt St Portland, OR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,417‑square‑foot duplex with two independent living areas; Separate living space above the two‑car garage with bedroom, balcony, kitchen, laundry, and living room; Fully permitted secondary living area with its own water heater and mini‑split
