Remodeled
For Sale
$713,000
2345 SE 145TH Ave, Portland, OR 97233
MultiFamily, Portland, OR
Property Size2,181 SF
Lot Size0.26 Acres
Price / SF$326.91
Days on Market98
Property Features for 2345 SE 145TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1
Elementary school
Parklane
Middle school
Centennial
High school
Centennial
Directions
DIVISION AND RIGHT ON 145TH
Subdivision
_143
Standard status
Active
APN
R331799
Size
2,181 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
SECTION 01 1S 2E, TL 8600 0.26 ACRES
Tax Annual Amount
5734
Legal Description
SECTION 01 1S 2E, TL 8600 0.26 ACRES
Utilities
Heating system
Forced Air
Amenities
laundry room
office space
fenced backyard
storage shed
covered patio
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
John L. Scott Sandy
(503) 826-9000
Listed By:
Nicholle Temneanu · License #201224962
(503) 312-4579
Added: Jul 10
Changed: Oct 14
Last Checked: Oct 15 at 6:06PM
MLS# 517939218
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two occupied residences totaling 2,181 square feet on a 0.26-acre lot. The unit mix includes a three-bedroom, two-bath residence and a two-bedroom, one-bath residence. Interior and exterior work was completed in 2024, along with installation of a new sewer line. Each unit includes a dedicated laundry room, additional office area, fully enclosed backyard, separate storage shed, and covered patio. Forced-air heating and a composition roof serve the property, which was built in 1970.
The property is located at 2345 SE 145TH Ave in Portland, Oregon, with access to public transportation, schools, and grocery stores nearby. On-site parking is supplemented by street parking. RM1 zoning applies to the property.
The property is located at 2345 SE 145TH Ave in Portland, Oregon, with access to public transportation, schools, and grocery stores nearby. On-site parking is supplemented by street parking. RM1 zoning applies to the property.
Key Highlights
- 2,181‑square‑foot duplex on a 0.26‑acre lot
- Unit mix includes 3 bed/2 bath and 2 bed/1 bath residences
- 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer updated interiors, private outdoor areas, laundry rooms, storage, and convenient on-site parking.
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: 2,181‑square‑foot duplex on a 0.26‑acre lot; Unit mix includes 3 bed/2 bath and 2 bed/1 bath residences; Interior and exterior renovations completed in 2024
