Duplex with Shared
3136 NE COUCH ST Portland, OR 97232
For Sale
$860,000
For sale duplex with two 2-bed, 1-bath units, original hardwood floors, shared backyard, basement, and off-street parking.
Property Size2,472 SF
Price / SF$347.90
Days on Market144
Property Features for 3136 NE COUCH ST
General Information
Standard status
Active
Size
2,472 SF
Property subtype
Multi-Family
Building Details
Year Built
1926
Listing Agency:
Keller Williams Realty Portland Premiere
(971) 266-0206
Listed By:
Carmen Hart
(971) 266-0206
Source:
Premierepropertygroup
Added: Mar 5
Changed: Jul 23
Last Checked: Jul 27 at 2:42AM
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 Keller Williams Realty Portland Premiere
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.9k | $21.00 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $49.2k | $19.91 |
| − OpEx | −$14.8k | −$5.97 |
| NOI | $34.4k | $13.94 |
2,472 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.2K
NOI $34,449 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$453.4K
$396.8K – $529.0K
NOI $31,740 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$694.2K
$607.4K – $809.9K
NOI $48,594 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $860,000.
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)
