Craftsman Duplex with Two-Car
For Sale
$875,000
2333 NE Schuyler St, Portland, OR 97212
Two-unit property with a vacant main-level residence and an occupied upper apartment.
Property Size3,605 SF
Price / SF$242.72
Days on Market73
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Property Features for 2333 NE Schuyler St
General Information
Standard status
Active
Size
3,605 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
gas fireplaces
hardwood floors
covered front porch
lush yard
mature trees
full basement
laundry
storage
radon mitigation system
2nd floor central air
EV car charger
Building Details
Year Built
1907
Buildings
1
Construction
Craftsman
Tenancy
Single
Listing Agency:
eXp Realty, LLC
Listed By:
Andrew Harris
(503) 504-2369
Source:
Wyndeekono
Added: Aug 4
Changed: Oct 10
Last Checked: Oct 15 at 3:55AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1907, this Craftsman duplex at 2333 NE Schuyler St includes a 1br/1ba main-level apartment and a 2br/2ba upper residence. Original wood detailing, hardwood floors, and gas fireplaces provide period character, while the main-level unit is currently vacant and the upper unit is occupied. A covered front porch, landscaped yard, and mature trees add outdoor appeal.
The property is in Portland’s Irvington neighborhood, one block from NE Broadway’s shops, restaurants, and cafes. A full basement with high ceilings, exterior access, laundry, and storage expands the functional space. Additional features include a 2-car garage, radon mitigation system, 2nd-floor central air, and an EV car charger. The property has a 93 Walk Score and 100 Bike Score, with highly rated schools in the surrounding area.
The property is in Portland’s Irvington neighborhood, one block from NE Broadway’s shops, restaurants, and cafes. A full basement with high ceilings, exterior access, laundry, and storage expands the functional space. Additional features include a 2-car garage, radon mitigation system, 2nd-floor central air, and an EV car charger. The property has a 93 Walk Score and 100 Bike Score, with highly rated schools in the surrounding area.
Key Highlights
- 1907 Craftsman duplex in Portland’s Irvington neighborhood
- Main‑level 1br/1ba unit is vacant; upper unit offers 2br/2ba
- Full basement has high ceilings, exterior access, laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,238
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,760
$1.0M
Cap Rate 7%
$717,686
$717.7K
Cap Rate 9%
$558,200
$558.2K
Market Conditions
NOI Build-Up for 3,605 SF
Gross rent
$75.7K $21.00/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$71.8K $19.91/SF
− OpEx
−$21.5K −$5.97/SF
NOI
$50.2K $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%
$1,004,760
Cap Rate 7%
$717,686
Cap Rate 9%
$558,200
Alternative Uses
Best Use
Multifamily LT 5
$717.7K
$628.0K – $837.3K
NOI $50,238 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,288 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.01M
$885.8K – $1.18M
NOI $70,866 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,323
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-unit property with a vacant main-level residence and an occupied upper apartment.
Where is this duplex located?
The property is located at 2333 NE Schuyler St Portland, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1907 Craftsman duplex in Portland’s Irvington neighborhood; Main‑level 1br/1ba unit is vacant; upper unit offers 2br/2ba; Full basement has high ceilings, exterior access, laundry, and storage
