1902 Duplex with Unfinished
2237 NE 14TH Ave Portland, OR 97212
For Sale
$685,000
MULTI_FAMILY - Portland, OR
Property Size2,200 SF
Lot Size0.12 Acres
Price / SF$311.36
Days on Market50
Property Features for 2237 NE 14TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
3
Bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Standard status
Active
APN
R301147
Size
2,200 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
WEST IRVINGTON, BLOCK 77, LOT 2
Tax Annual Amount
6706
Utilities
Heating system
Forced Air
Building Details
Year built
1902
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams PDX Central
(503) 548-4848
Listed By:
Emily Hetrick · License #200106001
(503) 927-3663
Added: Jun 11
Changed: Jul 29
Last Checked: Jul 30 at 2:06AM
MLS# 172415944
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.
Investment Insights
Based on property information with market context.
Built in 1902, this classic duplex offers two separate units while preserving original character throughout. Original hardwood floors run through both units, with updated kitchens featuring butcher block countertops and refreshed bathrooms with subway tile. The main level unit includes two bedrooms and offers access to the unfinished basement for storage or future possibilities. The main floor unit is currently vacant. Upstairs, the one-bedroom unit features built-ins and oak flooring with a large living area overlooking the neighborhood.
Outside, the duplex shares a backyard with established plantings and trees. An oversized two-car garage includes an upper level attic space, and French doors open to the yard. The property also has a brand new driveway providing off-street parking.
Located at 2237 NE 14TH Ave in Portland’s 97212 area and zoned R5, the home is described as being about a block from Irvington Elementary School, with walkable/bike access to Irving Park, Whole Foods, and the amenities along Broadway.
Outside, the duplex shares a backyard with established plantings and trees. An oversized two-car garage includes an upper level attic space, and French doors open to the yard. The property also has a brand new driveway providing off-street parking.
Located at 2237 NE 14TH Ave in Portland’s 97212 area and zoned R5, the home is described as being about a block from Irvington Elementary School, with walkable/bike access to Irving Park, Whole Foods, and the amenities along Broadway.
Key Highlights
- Classic 1902 Irvington duplex with forced air heating and a composition roof
- Updated kitchens with butcher block countertops and refreshed bathrooms with subway tile
- Main‑level unit offers 2 bedrooms and is vacant, with access to an unfinished basement
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $21.00 |
| − Vacancy | −$2.4k | −$1.09 |
| EGI | $43.8k | $19.91 |
| − OpEx | −$13.1k | −$5.97 |
| NOI | $30.7k | $13.94 |
2,200 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,248 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - 1902-era duplex with two units, original hardwood floors, updated kitchens, refreshed bathrooms, and shared backyard.
Where is this duplex located?
The property is located at 2237 NE 14TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Classic 1902 Irvington duplex with forced air heating and a composition roof; Updated kitchens with butcher block countertops and refreshed bathrooms with subway tile; Main‑level unit offers 2 bedrooms and is vacant, with access to an unfinished basement
