Updated Duplex with Upgraded
For Sale
$499,900
Pending
3013 SE Francis ST, Portland, OR 97202
Two-unit residential property offering one refreshed home and a second unit with established tenancy.
Property Size1,464 SF
Days on Market49
Property Features for 3013 SE Francis ST
General Information
Standard status
Pending
Size
1,464 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Creston-Kenilworth
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
More Realty
(503) 869-8396
Listed By:
Linnea Kittrell
(541) 556-5292
Source:
Oregonrealestateadvisors
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 23 at 6:18AM
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 More Realty
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Investment Insights
Based on property information with market context.
This duplex in Portland includes two residential units within a 1,464-square-foot property built in 1965. One unit has received a broad interior refresh, including luxury vinyl plank flooring, new paint, updated lighting, full-height kitchen cabinetry with soft-close hardware, a tile backsplash, quartz counters, and an all-in-one washer and dryer. Both units have new 200-Amp electrical panels.
The second unit has been occupied by the same tenant since 2018, providing documented rental history. The property is located at 3013 and 3015 SE Francis Street in Portland, Oregon. The reported Home Energy Score is 5.
The second unit has been occupied by the same tenant since 2018, providing documented rental history. The property is located at 3013 and 3015 SE Francis Street in Portland, Oregon. The reported Home Energy Score is 5.
Key Highlights
- 1,464‑square‑foot duplex built in 1965
- One unit updated with LVP flooring, paint, lighting, cabinetry, tile backsplash, and quartz counters
- Both units equipped with new 200‑Amp electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,272
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,440
$425.4K
Cap Rate 7%
$303,886
$303.9K
Cap Rate 9%
$236,356
$236.4K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$32.5K $22.20/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$30.4K $20.76/SF
− OpEx
−$9.1K −$6.23/SF
NOI
$21.3K $14.53/SF
Area
ZIP 97202
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,440
Cap Rate 7%
$303,886
Cap Rate 9%
$236,356
Alternative Uses
Best Use
Multifamily LT 5
$303.9K
$265.9K – $354.5K
NOI $21,272 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$282.2K
$246.9K – $329.2K
NOI $19,751 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property offering one refreshed home and a second unit with established tenancy.
Where is this duplex located?
The property is located at 3013 SE Francis ST Portland, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,464‑square‑foot duplex built in 1965; One unit updated with LVP flooring, paint, lighting, cabinetry, tile backsplash, and quartz counters; Both units equipped with new 200‑Amp electrical panels
