Irvington Duplex with Rental
2333 NE SCHUYLER St Portland, OR 97212
2333 NE SCHUYLER St, Portland, OR, 97212
$900,000
For Sale
$900,000
MULTI_FAMILY - Portland, OR
Property Size3,605 SF
Lot Size0.11 Acres
Price / SF$249.65
Days on Market51
Property Features for 2333 NE SCHUYLER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM1
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3
- Standard status
- Active
- APN
- R193131
- Size
- 3,605 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- JOHN IRVINGS 1ST ADD, BLOCK 16, LOT 1
- Tax Annual Amount
- 9050
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1907
- Floors in Building
- 4
- Number of units
- 2
- Roof type
- Composition
Listing Agency
eXp Realty, LLC
(888) 814-9613
4800 Meadows Rd Ste 300, Salem, OR
Listed by
Andrew Harris
(503) 504-2369
Added: May 28 Checked: Jul 17 at 8:06 pm
MLS# 601996869
Listing URL
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.
This Craftsman duplex, constructed in 1907, is situated in the Irvington neighborhood of Portland, one block from NE Broadway's commercial area. The property features woodwork, hardwood floors, and gas fireplaces. The main level unit, with one bedroom and one bathroom, is currently vacant. The upper unit, which includes two bedrooms and two bathrooms, is tenant-occupied at a rate of $2,400 per month. The property includes a covered front porch, yard, and mature trees. The full basement, with high ceilings and exterior access, contains laundry and storage space. A two-car garage is also present. Additional features include a radon mitigation system, central air on the second floor, and an EV car charger. The property is zoned RM1. The lot size is 0.11 acres. The property has a walk score of 93 and a bike score of 100.
Key Highlights
- 1907 Craftsman duplex in Portland’s Irvington neighborhood, 1 block to NE Broadway shops, restaurants, and cafes (per public remarks).
- Main level 1BR/1BA unit is freshly vacant for owner‑occupant use or to lease.
- Upper 2BR/2BA unit is tenant‑occupied at $2,400/mo (per public remarks).
Local 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 | $75.7k | $21.00 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $71.8k | $19.91 |
| − OpEx | −$21.5k | −$5.97 |
| NOI | $50.2k | $13.94 |
3,605 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.7K
$628.0K – $837.3K
NOI $50,238 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,288 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.01M
$885.8K – $1.18M
NOI $70,866 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Craftsman duplex in Irvington near Broadway with investment potential.
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 $900,000.
What are key features of this property?
This property features: 1907 Craftsman duplex in Portland’s Irvington neighborhood, 1 block to NE Broadway shops, restaurants, and cafes (per public remarks).; Main level 1BR/1BA unit is freshly vacant for owner‑occupant use or to lease.; Upper 2BR/2BA unit is tenant‑occupied at $2,400/mo (per public remarks).
