Side-by-Side
For Sale
$424,900
Pending
3325 SE 29th AVE, Portland, OR 97202
Both residences have lower-level laundry and bonus rooms, along with a private garage.
Property Size1,864 SF
Days on Market10
Property Features for 3325 SE 29th AVE
General Information
Standard status
Pending
Size
1,864 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Alameda
Building Details
Year Built
1949
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
The Reger Group
(503) 893-2022
Source:
Searchpnwhouses
Added: Oct 24
Changed: Oct 31
Last Checked: Nov 1 at 5:11AM
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 Taylor & Taylor Realty Co.
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Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains two side-by-side residences, each with two bedrooms and two bathrooms. Lower levels provide laundry facilities and additional rooms, while each unit has its own garage with a recently replaced door. The property is offered in as-is condition on an approximately 8,000-square-foot lot.
The Southeast Portland location is near neighborhood parks, shopping, restaurants, public transportation, and Reed College. The two-unit configuration includes separate living spaces and private garages.
The Southeast Portland location is near neighborhood parks, shopping, restaurants, public transportation, and Reed College. The two-unit configuration includes separate living spaces and private garages.
Key Highlights
- Side‑by‑side duplex with two 2‑bedroom, 2‑bathroom residences
- Approximately 8,000‑square‑foot lot
- Each residence includes lower‑level laundry and bonus rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,084
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,680
$541.7K
Cap Rate 7%
$386,914
$386.9K
Cap Rate 9%
$300,933
$300.9K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$41.4K $22.20/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$38.7K $20.76/SF
− OpEx
−$11.6K −$6.23/SF
NOI
$27.1K $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%
$541,680
Cap Rate 7%
$386,914
Cap Rate 9%
$300,933
Alternative Uses
Best Use
Multifamily LT 5
$386.9K
$338.6K – $451.4K
NOI $27,084 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$444.7K
$389.1K – $518.8K
NOI $31,129 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
453
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 - Both residences have lower-level laundry and bonus rooms, along with a private garage.
Where is this duplex located?
The property is located at 3325 SE 29th AVE Portland, OR.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Side‑by‑side duplex with two 2‑bedroom, 2‑bathroom residences; Approximately 8,000‑square‑foot lot; Each residence includes lower‑level laundry and bonus rooms
