Remodeled Two-Unit
For Sale
$713,000
2345 SE 145th Ave, Portland, OR 97233
Each unit includes laundry, office space, storage, and a covered patio.
Property Size2,181 SF
Price / SF$326.91
Days on Market61
Property Features for 2345 SE 145th Ave
General Information
Standard status
Active
Size
2,181 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
laundry room
office space
fully fenced backyard
storage shed
covered patio
Building Details
Year Built
1970
Year Renovated
2024
Listing Agency:
John L. Scott Sandy
Listed By:
Nicholle Temneanu · License #201224962
(503) 445-7660
Source:
Wyndeekono
Added: Aug 16
Changed: Oct 9
Last Checked: Oct 7 at 4:18PM
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 John L. Scott Sandy
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Investment Insights
Based on property information with market context.
This duplex contains two occupied residences totaling 2,181 square feet. The unit mix includes one three-bedroom, two-bath home and one two-bedroom, one-bath home. Interior and exterior updates were completed in 2024, along with installation of a new sewer line. Both units include dedicated laundry rooms, additional office space, a fully fenced backyard, a storage shed, and a covered patio. The property was built in 1970.
Located at 2345 SE 145th Ave in Portland, the property is near public transportation, schools, and grocery stores. Parking is available on site, with additional street parking also provided.
Located at 2345 SE 145th Ave in Portland, the property is near public transportation, schools, and grocery stores. Parking is available on site, with additional street parking also provided.
Key Highlights
- Two occupied units: one 3 bed/2 bath and one 2 bed/1 bath
- 2,181 square feet on a duplex property
- Interior and exterior renovations completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,394
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,880
$607.9K
Cap Rate 7%
$434,200
$434.2K
Cap Rate 9%
$337,711
$337.7K
Market Conditions
NOI Build-Up for 2,181 SF
Gross rent
$45.8K $21.00/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$43.4K $19.91/SF
− OpEx
−$13.0K −$5.97/SF
NOI
$30.4K $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%
$607,880
Cap Rate 7%
$434,200
Cap Rate 9%
$337,711
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,394 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$400.1K
$350.1K – $466.7K
NOI $28,004 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$612.5K
$535.9K – $714.6K
NOI $42,874 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
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 - Each unit includes laundry, office space, storage, and a covered patio.
Where is this duplex located?
The property is located at 2345 SE 145th Ave Portland, OR.
What is the asking price?
The asking price for this property is $713,000.
What are key features of this property?
This property features: Two occupied units: one 3 bed/2 bath and one 2 bed/1 bath; 2,181 square feet on a duplex property; Interior and exterior renovations completed in 2024
