Side-by-Side
For Sale
$649,900
3114 SE 20th AVE, Portland, OR 97202
Two separate residences combine owner occupancy with an existing tenant arrangement.
Property Size2,736 SF
Price / SF$237.54
Days on Market9
Property Features for 3114 SE 20th AVE
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Brooklyn Action Corps
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
water, sewer
Additional Details
Tenant in Place
Yes
Amenities
private basement laundry
backyard
covered patio
garage
Building Details
Year Built
1926
Year Renovated
2024
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Nick Shivers Team | eXp Realty
(503) 594-0805
Source:
Nickshivers
Added: Oct 24
Changed: Nov 1
Last Checked: Nov 1 at 5:43AM
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 Homecoin.com
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1926 duplex contains two side-by-side residences, each with 2 bedrooms, 1 bathroom, and approximately 1,367 square feet. The remodeled owner’s unit has wood floors, new carpet, and stainless appliances; the other residence is tenant-occupied. Separate gas furnaces and private basement laundry serve each unit, with water and sewer separately metered. Basements and a garage provide storage, while the backyard includes a covered patio. The property totals 2,736 square feet.
Located in Portland’s Hosford-Abernethy neighborhood, the property is near grocery stores, restaurants, shopping, and public transportation. A Walk Score of 94 is reported. Improvements include a 2024 roof, mostly double-pane vinyl windows, a concrete driveway installed in 2018, and a sewer line replaced in 2019. The Home Energy Score is 1.
Located in Portland’s Hosford-Abernethy neighborhood, the property is near grocery stores, restaurants, shopping, and public transportation. A Walk Score of 94 is reported. Improvements include a 2024 roof, mostly double-pane vinyl windows, a concrete driveway installed in 2018, and a sewer line replaced in 2019. The Home Energy Score is 1.
Key Highlights
- Two residences, each with 2 bedrooms, 1 bathroom, and approximately 1,367 square feet
- 2,736‑square‑foot duplex built in 1926
- Separate gas furnaces, private basement laundry, and separately metered water and sewer for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,754
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,080
$795.1K
Cap Rate 7%
$567,914
$567.9K
Cap Rate 9%
$441,711
$441.7K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$60.7K $22.20/SF
− Vacancy
−$3.9K −$1.44/SF
EGI
$56.8K $20.76/SF
− OpEx
−$17.0K −$6.23/SF
NOI
$39.8K $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%
$795,080
Cap Rate 7%
$567,914
Cap Rate 9%
$441,711
Alternative Uses
Best Use
Multifamily LT 5
$567.9K
$496.9K – $662.6K
NOI $39,754 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$527.3K
$461.4K – $615.2K
NOI $36,912 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K
NOI $45,691 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,941
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
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 - Two separate residences combine owner occupancy with an existing tenant arrangement.
Where is this duplex located?
The property is located at 3114 SE 20th AVE Portland, OR.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 bathroom, and approximately 1,367 square feet; 2,736‑square‑foot duplex built in 1926; Separate gas furnaces, private basement laundry, and separately metered water and sewer for each residence
