Remodeled Duplex with Fenced
2345 Southeast 145th Avenue Portland, OR 97233
For Sale
$730,000
Two fully remodeled units offer separate laundry, offices, fenced yards, covered patios, and ample parking.
Property Size2,181 SF
Price / SF$334.71
Days on Market176
Property Features for 2345 Southeast 145th Avenue
General Information
Standard status
Active
Size
2,181 SF
Property subtype
Multi Family
Building Details
Year Built
1970
Listing Agency:
Knipe Realty ERA Powered
(503) 445-7660
Listed By:
Nicholle Temneanu · License #201224962
(503) 445-7660
Source:
Compass
Added: Feb 2
Changed: Jul 20
Last Checked: Jul 28 at 1:47PM
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 Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
This updated duplex features two completely remodeled units: a 3 bed/2 bath unit and a 2 bed/1 bath unit. Both interiors and exteriors were renovated in 2024, with a brand-new sewer line. Each unit includes its own laundry room, extra office space, fully fenced backyard, separate storage shed, and a covered patio.
The property is in a highly central location near public transportation, schools, and grocery stores. Parking is available on site with additional street parking as well.
Both units are currently occupied, offering immediate rental continuity. Ample on-site space supports day-to-day tenant parking needs.
The property is in a highly central location near public transportation, schools, and grocery stores. Parking is available on site with additional street parking as well.
Both units are currently occupied, offering immediate rental continuity. Ample on-site space supports day-to-day tenant parking needs.
Key Highlights
- Two fully remodeled units in a 1‑story property (Year Built 1970) with interior and exterior renovations completed in 2024
- Unit mix: 3 bed/2 bath and 2 bed/1 bath; both units are currently occupied
- Each unit includes its own laundry room and extra office space
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 | $45.8k | $21.00 |
| − Vacancy | −$2.4k | −$1.09 |
| EGI | $43.4k | $19.91 |
| − OpEx | −$13.0k | −$5.97 |
| NOI | $30.4k | $13.94 |
2,181 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,394 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$400.1K
$350.1K – $466.7K
NOI $28,004 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$612.5K
$535.9K – $714.6K
NOI $42,874 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two fully remodeled units offer separate laundry, offices, fenced yards, covered patios, and ample parking.
Where is this duplex located?
The property is located at 2345 Southeast 145th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two fully remodeled units in a 1‑story property (Year Built 1970) with interior and exterior renovations completed in 2024; Unit mix: 3 bed/2 bath and 2 bed/1 bath; both units are currently occupied; Each unit includes its own laundry room and extra office space
