Duplex with Shared
For Sale
$850,000
Pending
3136 NE COUCH ST, Portland, OR 97232
For sale duplex with two 2-bed, 1-bath units, original hardwood floors, shared backyard, basement, and off-street parking.
Property Size2,472 SF
Days on Market243
Property Features for 3136 NE COUCH ST
General Information
Standard status
Pending
Size
2,472 SF
Total Parking Spaces
2
Property subtype
Pending
Zoning
R2.5
Net Operating Income
$28,540
Site & Location
Neighborhood
Kerns
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,855
Amenities
shared backyard
full basement
off street parking
Basement,Garage
ExteriorEntry,FullBasement,PartiallyFinished
Electricity
UnitTypeType1,UnitTypeType2
Gas
2
AirConditioning,Furnished,HardwoodFloors,WasherDryer
AirConditioning,Furnished,HardwoodFloors
1
2350
2650
Level,PublicRoad
PublicWater
2.0
4175 sqft
0.1
Driveway,OnStreet
Paved
ConcretePerimeter
2472.0
Stucco
Building Details
Building Size
2,472 SF
Year Built
1926
Stories
3
Construction
craftsman
Listing Agency:
John L. Scott
(971) 271-8932
Listed By:
Dave Rudolph
(503) 998-6578
Source:
Premierepropertygroup
Added: Mar 5
Changed: Oct 31
Last Checked: Nov 1 at 3:58AM
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 John L. Scott
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Investment Insights
Based on property information with market context.
This duplex at 3136 NE Couch St features two separate 2-bedroom, 1-bath units. Both units highlight original hardwood floors and bright natural light. The property also includes a shared backyard and a full basement for additional storage or flexible use, along with off-street parking for added everyday convenience.
Situated in the Kerns area, the home is described as steps from Laurelhurst Park and close to coffee and craft beer. The remarks also note proximity to NE 28th and Burnside.
With two residential units and practical interior and outdoor space, this property offers built-in versatility for buyers looking for a duplex configuration in a walkable neighborhood setting.
Situated in the Kerns area, the home is described as steps from Laurelhurst Park and close to coffee and craft beer. The remarks also note proximity to NE 28th and Burnside.
With two residential units and practical interior and outdoor space, this property offers built-in versatility for buyers looking for a duplex configuration in a walkable neighborhood setting.
Key Highlights
- Duplex built in 1926 with 2 units total, each offering 2 beds and 1 bath
- Each unit includes hardwood floors; Unit 1 also has washer/dryer, while both units are furnished
- Unit rents are $2,350 (Unit 1) and $2,650 (Unit 2)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,449
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,980
$689.0K
Cap Rate 7%
$492,129
$492.1K
Cap Rate 9%
$382,767
$382.8K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$51.9K $21.00/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$49.2K $19.91/SF
− OpEx
−$14.8K −$5.97/SF
NOI
$34.4K $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%
$688,980
Cap Rate 7%
$492,129
Cap Rate 9%
$382,767
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.2K
NOI $34,449 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$453.4K
$396.8K – $529.0K
NOI $31,740 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$694.2K
$607.4K – $809.9K
NOI $48,594 @ 7.0% cap · market cap 5.72%
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
1,832
Businesses Nearby
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Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
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 - For sale duplex with two 2-bed, 1-bath units, original hardwood floors, shared backyard, basement, and off-street parking.
Where is this duplex located?
The property is located at 3136 NE COUCH ST Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex built in 1926 with 2 units total, each offering 2 beds and 1 bath; Each unit includes hardwood floors; Unit 1 also has washer/dryer, while both units are furnished; Unit rents are $2,350 (Unit 1) and $2,650 (Unit 2)
