Duplex with Private
2246 NW GLISAN St, Portland, OR 97210
For Sale
$950,000
MultiFamily, Portland, OR
Property Size4,250 SF
Lot Size0.14 Acres
Price / SF$223.53
Days on Market52
Property Features for 2246 NW GLISAN St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
wraparound porch
private deck
in-unit laundry
shared rear patio and garden
basement storage
fireplaces
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Windermere Realty Trust · Windermere Real Estate
(503) 284-7755
Listed By:
Brian Bostick · License OR #200405045
(503) 998-8040
Added: Sep 24
Changed: Nov 13
Last Checked: Nov 14 at 9:06AM
MLS# 182352481
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.
Built in 1912, this RM4-zoned duplex contains 4,250 square feet across two residences on a 0.14-acre lot. The upper unit has three bedrooms and two bathrooms, plus a private deck and in-unit laundry; the lower unit has two bedrooms and two bathrooms. Both residences have separate exterior entrances, fireplaces, and kitchens with gas cooking. Hardwood floors, bay windows, and a wraparound porch contribute to the building’s period character, while basement storage, a shared rear patio and garden, and four or more off-street parking spaces provide additional features. The flat roof is new.
The property is near Trader Joe’s and the restaurants, boutiques, cafes, and coffee shops of NW 23rd. Both residences are currently rented, and one has a long-term tenant. Existing leases and tenant rights apply.
The property is near Trader Joe’s and the restaurants, boutiques, cafes, and coffee shops of NW 23rd. Both residences are currently rented, and one has a long-term tenant. Existing leases and tenant rights apply.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 2 bathrooms
- 4,250 square feet on a 0.14‑acre lot; zoned RM4
- Built in 1912; new flat roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,226
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,520
$1.2M
Cap Rate 7%
$846,086
$846.1K
Cap Rate 9%
$658,067
$658.1K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$89.3K $21.00/SF
− Vacancy
−$4.6K −$1.09/SF
EGI
$84.6K $19.91/SF
− OpEx
−$25.4K −$5.97/SF
NOI
$59.2K $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%
$1,184,520
Cap Rate 7%
$846,086
Cap Rate 9%
$658,067
Alternative Uses
Best Use
Multifamily LT 5
$846.1K
$740.3K – $987.1K
NOI $59,226 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$779.6K
$682.1K – $909.5K
NOI $54,570 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,545 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,209
Businesses Nearby
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Business Placement
Demographics for 97210, OR
13,016
Population
7,910
Households
1.6
Avg Household Size
38
Median Age
76%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
1,462
Density / Sq Mi
$87,942
Median Household Income
$66,429
Median Earnings
$1,577
Median Rent
$991,500
Median Home Value
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Market
Average Price Trend$/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 - Separate exterior entries serve two residences, each with its own fireplace and updated kitchen.
Where is this duplex located?
The property is located at 2246 NW GLISAN St Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 2 bathrooms; 4,250 square feet on a 0.14‑acre lot; zoned RM4; Built in 1912; new flat roof
