Side-by-Side
For Sale
$649,900
3114 SE 20TH Ave, Portland, OR 97202
MultiFamily, Portland, OR
Property Size2,736 SF
Lot Size0.11 Acres
Price / SF$237.54
Days on Market8
Property Features for 3114 SE 20TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Subdivision
HOSFORD-ABERNATHY
Elementary school
Abernethy
Middle school
Hosford
High school
Cleveland
Directions
SE Powell to north on SE 20th
Standard status
Active
APN
R287659
Size
2,736 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water, sewer
Taxes and HOA fees
Tax Description
TIBBETTS ADD, BLOCK 55, LOT 3
Tax Annual Amount
5648
Legal Description
TIBBETTS ADD, BLOCK 55, LOT 3
Utilities
Heating system
Forced Air
Amenities
private basement laundry
garage
covered patio
Building Details
Year built
1926
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 287-8989
Listed By:
Marc Angelo · License #201232580
(970) 222-4538
Added: Oct 23
Changed: Oct 29
Last Checked: Oct 30 at 1:06AM
MLS# 212231227
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Portland duplex contains two side-by-side residences, each with 2 bedrooms, 1 bathroom, and approximately 1,367 square feet. One unit has been remodeled and includes wood floors, new carpet, and stainless appliances; the other is tenant-occupied. Both homes have their own gas furnace, basement laundry, and separate water and sewer meters. Basements and a garage provide storage, and the backyard includes a covered patio. The property occupies 0.11 acres and was built in 1926.
Recent work includes a roof replacement in 2024, a concrete driveway installed in 2018, and a sewer line replacement in 2019. Most windows are double-pane vinyl. Located in Portland’s Hosford-Abernethy neighborhood, the property is near New Seasons, People’s Food Co-op, restaurants, shopping, and public transportation. Its reported Walk Score is 94, and zoning is R2.5.
Recent work includes a roof replacement in 2024, a concrete driveway installed in 2018, and a sewer line replacement in 2019. Most windows are double-pane vinyl. Located in Portland’s Hosford-Abernethy neighborhood, the property is near New Seasons, People’s Food Co-op, restaurants, shopping, and public transportation. Its reported Walk Score is 94, and zoning is R2.5.
Key Highlights
- Two residences, each with 2 bedrooms, 1 bathroom, and approximately 1,367 square feet
- One residence remodeled; the other is tenant‑occupied
- Separate gas furnaces, private basement laundry, and individually metered water and sewer
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,941
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate gas furnaces, private basement laundry, and individually metered water and sewer service.
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; One residence remodeled; the other is tenant‑occupied; Separate gas furnaces, private basement laundry, and individually metered water and sewer
