Modern Home Near Alberta
For Sale
$303,900
2519 NE Killingsworth ST #1, Portland, OR 97211
Modern home near Alberta Arts District with private fenced yard.
Property Size836 SF
Price / SF$363.52
Days on Market722
Property Features for 2519 NE Killingsworth ST #1
General Information
Standard status
Active
Size
836 SF
Property subtype
Condominium
Site & Location
Neighborhood
Overlook
Amenities
Heat Pump
Mini Split
Dishwasher
Free-Standing Range
Microwave
Solid Surface Countertop
Stainless Steel Appliance
Tile
Patio, Composition
Building Details
Building Size
836 SF
Year Built
2024
Stories
2
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Kw
Added: Nov 12, 2024
Changed: Oct 29
Last Checked: Nov 1 at 10:27AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$11,650
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,000
$233.0K
Cap Rate 7%
$166,429
$166.4K
Cap Rate 9%
$129,444
$129.4K
Market Conditions
NOI Build-Up for 836 SF
Gross rent
$17.6K $21.00/SF
− Vacancy
−$913 −$1.09/SF
EGI
$16.6K $19.91/SF
− OpEx
−$5.0K −$5.97/SF
NOI
$11.7K $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%
$233,000
Cap Rate 7%
$166,429
Cap Rate 9%
$129,444
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
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Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
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 - 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.
