Vintage Duplex with Two
2338 Northwest Hoyt Street Portland, OR 97210
For Sale
$1,050,000
Duplex offers two separate residences, including a lower unit with basement bath and exterior entrance plus upper unit with dedicated decks.
Property Size3,462 SF
Price / SF$303.29
Days on Market178
Property Features for 2338 Northwest Hoyt Street
General Information
- Standard status
- Active
- Size
- 3,462 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1890
Listing Agency:
MORE Realty
(971) 258-4621
Listed By:
Tatyana Gavrilyuk · License #201219777
(971) 258-4621
Source:
Compass
Added: Jan 26
Changed: Jul 22
Last Checked: Jul 22 at 1:14PM
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 MORE Realty
Investment Insights
Based on property information with market context.
This vintage duplex provides two distinct living areas with flexible interior layouts. The lower unit includes three bedrooms and two bathrooms, featuring a main-level bedroom and bath along with a full bath in the basement. The basement level also has an exterior entrance, and the unit includes a fireplace, updated appliances, a private back porch, and a fenced yard. The upper unit has two bedrooms, one bathroom, a dedicated office, and two private decks for outdoor space.
The property uses a shared laundry setup with a common entry. It is positioned in the heart of Portland’s NW Alphabet District, just steps from NW 23rd.
Recent major updates include a new roof installed in 2021, and an oil tank that was professionally decommissioned in 2006. Please do not disturb tenants.
The property uses a shared laundry setup with a common entry. It is positioned in the heart of Portland’s NW Alphabet District, just steps from NW 23rd.
Recent major updates include a new roof installed in 2021, and an oil tank that was professionally decommissioned in 2006. Please do not disturb tenants.
Key Highlights
- Duplex with 2 separate residences in Portland’s NW Alphabet District
- Lower unit: approx. 2,100 SF with 3 bedrooms and 2 bathrooms, including basement full bath with exterior entrance
- Upper unit: 2 bedrooms, 1 bathroom, plus a dedicated office and two private decks
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 | $72.7k | $21.00 |
| − Vacancy | −$3.8k | −$1.09 |
| EGI | $68.9k | $19.91 |
| − OpEx | −$20.7k | −$5.97 |
| NOI | $48.2k | $13.94 |
3,462 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$689.2K
$603.1K – $804.1K
NOI $48,245 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$635.0K
$555.7K – $740.9K
NOI $44,452 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$972.2K
$850.7K – $1.13M
NOI $68,055 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers two separate residences, including a lower unit with basement bath and exterior entrance plus upper unit with dedicated decks.
Where is this duplex located?
The property is located at 2338 Northwest Hoyt Street Portland, OR.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Duplex with 2 separate residences in Portland’s NW Alphabet District; Lower unit: approx. 2,100 SF with 3 bedrooms and 2 bathrooms, including basement full bath with exterior entrance; Upper unit: 2 bedrooms, 1 bathroom, plus a dedicated office and two private decks
