Victorian Duplex with Private
For Sale
$734,900
2606 SE Pine St, Portland, OR 97214
Two separately accessed homes feature individual A/C systems, tall ceilings, oversized windows, and shared laundry.
Property Size1,528 SF
Price / SF$480.96
Days on Market54
Property Features for 2606 SE Pine St
General Information
Standard status
Active
Size
1,528 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private entrances
air conditioning
shared laundry
basement storage
Building Details
Year Built
1900
Construction
Victorian
Listing Agency:
Constant Commercial Real Estate Inc
Listed By:
Cory Carlson · License #201226331
(503) 222-0282
Source:
Foxrealestategroups
Added: Aug 23
Changed: Oct 6
Last Checked: Oct 5 at 9:56PM
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 Constant Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
Built in 1900, this Portland duplex contains two two-bedroom, one-bath residences with efficient, similarly arranged interiors. The 792-square-foot upper unit is occupied, while the 736-square-foot lower unit is vacant and includes bamboo flooring, a bay window, open dining space, a peninsula kitchen, dishwasher, updated bathroom finishes, and built-in storage. Each residence has a private entrance and its own A/C system. Basement storage is assigned to each unit, with laundry shared between them.
The property occupies a corner lot in Kerns, near the SE 28th Avenue restaurant and coffee corridor and minutes from the Central Eastside. Exterior character includes fish-scale shingles, decorative brackets, and a scalloped frieze, with mature shade trees and low-maintenance grounds surrounding the building.
The property occupies a corner lot in Kerns, near the SE 28th Avenue restaurant and coffee corridor and minutes from the Central Eastside. Exterior character includes fish-scale shingles, decorative brackets, and a scalloped frieze, with mature shade trees and low-maintenance grounds surrounding the building.
Key Highlights
- Two‑bedroom, one‑bath units measuring 792 sq ft up and 736 down
- 1900‑built Victorian duplex on a corner lot in Kerns
- Private entrance and dedicated A/C system for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,294
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,880
$425.9K
Cap Rate 7%
$304,200
$304.2K
Cap Rate 9%
$236,600
$236.6K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$32.1K $21.00/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$30.4K $19.91/SF
− OpEx
−$9.1K −$5.97/SF
NOI
$21.3K $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%
$425,880
Cap Rate 7%
$304,200
Cap Rate 9%
$236,600
Alternative Uses
Best Use
Multifamily LT 5
$304.2K
$266.2K – $354.9K
NOI $21,294 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$280.3K
$245.2K – $327.0K
NOI $19,619 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$429.1K
$375.5K – $500.6K
NOI $30,037 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed homes feature individual A/C systems, tall ceilings, oversized windows, and shared laundry.
Where is this duplex located?
The property is located at 2606 SE Pine St Portland, OR.
What is the asking price?
The asking price for this property is $734,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath units measuring 792 sq ft up and 736 down; 1900‑built Victorian duplex on a corner lot in Kerns; Private entrance and dedicated A/C system for each unit
