Renovated Duplex with Victorian
For Sale
$850,000
236 Northeast Sacramento Street, Portland, OR 97212
Two updated residences share a lot, with basement areas and a backyard adding flexibility for occupants or investors.
Property Size3,476 SF
Price / SF$244.53
Days on Market172
Property Features for 236 Northeast Sacramento Street
General Information
Standard status
Active
Size
3,476 SF
Property subtype
Multi Family
Zoning
CM3
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,579
Amenities
backyard
2
Full Basement
Composition
Wood Siding
Building Details
Year Built
1895
Listing Agency:
24/7 Properties
(503) 482-0500
Listed By:
Antoine Dean · License #201212449
(503) 482-0500
Source:
Compass
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 30 at 7:48PM
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 24/7 Properties
Investment Insights
Based on property information with market context.
This detached duplex at 236 Northeast Sacramento Street pairs a Victorian-style front residence with a renovated accessory dwelling unit. The front home offers 4 bedrooms and 2 bathrooms, while the second residence provides 2 bedrooms and 2 bathrooms. Both homes were remodeled down to the studs with new systems, finishes, and fixtures. Wood siding and composition exterior materials complement the property’s 1895 construction.
Each residence includes an unfinished basement, and the front home’s basement has 9-foot ceilings. The property also includes a backyard and is zoned CM3. The two-home configuration provides separate residential spaces on one lot, with unfinished lower-level areas available for future planning subject to applicable approvals.
Each residence includes an unfinished basement, and the front home’s basement has 9-foot ceilings. The property also includes a backyard and is zoned CM3. The two-home configuration provides separate residential spaces on one lot, with unfinished lower-level areas available for future planning subject to applicable approvals.
Key Highlights
- Detached duplex with 2 residences on one lot
- Front Victorian‑style home offers 4 bedrooms and 2 bathrooms
- Renovated second residence includes 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,800
$968.8K
Cap Rate 7%
$692,000
$692.0K
Cap Rate 9%
$538,222
$538.2K
Market Conditions
NOI Build-Up for 3,476 SF
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.
Gross rent
$73.0K $21.00/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$69.2K $19.91/SF
− OpEx
−$20.8K −$5.97/SF
NOI
$48.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,800
Cap Rate 7%
$692,000
Cap Rate 9%
$538,222
Alternative Uses
Best Use
Multifamily LT 5
$692.0K
$605.5K – $807.3K
NOI $48,440 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$637.6K
$557.9K – $743.9K
NOI $44,632 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$976.1K
$854.1K – $1.14M
NOI $68,330 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,552
Businesses Nearby
Explore this area
Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences share a lot, with basement areas and a backyard adding flexibility for occupants or investors.
Where is this duplex located?
The property is located at 236 Northeast Sacramento Street Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Detached duplex with 2 residences on one lot; Front Victorian‑style home offers 4 bedrooms and 2 bathrooms; Renovated second residence includes 2 bedrooms and 2 bathrooms
