Modern Home Near Alberta
2519 NE Killingsworth ST #1 Portland, OR 97211
For Sale
$303,900
Modern home near Alberta Arts District with private fenced yard.
Property Size836 SF
Price / SF$363.52
Days on Market625
Property Features for 2519 NE Killingsworth ST #1
General Information
Standard status
Active
Size
836 SF
Property subtype
Condominium
Building Details
Year Built
2024
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Kw
Added: Nov 12, 2024
Changed: Jul 6
Last Checked: Jul 29 at 1:08PM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This home is located a short stroll from Alberta Park and 0.3 miles from the Alberta Arts District, providing access to shops, dining, and coffee spots. The property features an open-concept floor plan with high ceilings and natural light. The kitchen includes custom cabinetry, tile work, and stainless steel appliances, flowing into the living area. There are two bedrooms upstairs with closet space. The property includes a private, fenced yard with a patio. Built by a local builder, this home includes a 1-year builder warranty. The seller will pay the buyer's first year of HOA dues. This property is intended for residential use.
Key Highlights
- Prime Location: Short walk to Alberta Park and 0.3 miles to the Alberta Arts District, offering easy access to shops, dining, and coffee.
- Modern, Open‑Concept Design: Features soaring ceilings and expansive windows for abundant natural light.
- Chef's Kitchen: Equipped with custom cabinetry, exquisite tile work, and stainless steel appliances.
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 | $17.6k | $21.00 |
| − Vacancy | −$913 | −$1.09 |
| EGI | $16.6k | $19.91 |
| − OpEx | −$5.0k | −$5.97 |
| NOI | $11.7k | $13.94 |
836 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$166.4K
$145.6K – $194.2K
NOI $11,650 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$153.3K
$134.2K – $178.9K
NOI $10,734 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$234.8K
$205.4K – $273.9K
NOI $16,434 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Modern home near Alberta Arts District with private fenced yard.
Where is this duplex located?
The property is located at 2519 NE Killingsworth ST #1 Portland, OR.
What is the asking price?
The asking price for this property is $303,900.
What are key features of this property?
This property features: Prime Location: Short walk to Alberta Park and 0.3 miles to the Alberta Arts District, offering easy access to shops, dining, and coffee.; Modern, Open‑Concept Design: Features soaring ceilings and expansive windows for abundant natural light.; Chef's Kitchen: Equipped with custom cabinetry, exquisite tile work, and stainless steel appliances.
