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Portland Multifamily with Airbnb Potential

3412 SW 13TH Ave, Portland, OR 97239

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For Sale

$825,000

MULTI_FAMILY - Portland, OR

Property size:

4,781 SF

Lot size:

0.12 Acres

Price / SF:

$172/SF

HighLights

Main home features 6 bedrooms, 4 full bathrooms, a family room with fireplace, and a spacious kitchen with adjacent dining room
Lower level unit has a separate entrance with full kitchen, dining area, laundry room, 2 bedrooms, 1 full bathroom, and a living room with fireplace
Recent updates include new paint inside and out, updated kitchen with appliances, light fixtures, carpet, refinished wood floors, new furnace, and a mini‑split
Metal roof and forced‑air heating (plus a mini‑split) with Year built 1950
Low‑maintenance, tree‑surrounded lot with territorial views
Close to PSU and downtown Portland, with a short walk to OHSU and Marquam Nature Park

We can help!

Listing Contact

Zachary Eaton

For Sale

$825,000

MULTI_FAMILY - Portland, OR

Property size:

4,781 SF

Lot size:

0.12 Acres

Price / SF:

$172/SF

Added:: Feb 7, 2025
Days on Market:: 489
Last Refresh:: Jun 11 at 11:06 pm

Property Features for 3412 SW 13TH Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R5
Bedrooms: 8
Bathrooms: 6
Rooms: Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 8, Bathroom 5, Bedroom 5, Bedroom 1
Standard status: Active
APN: R247211
Size: 4,781 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Description: PORTLAND CITY HMSTD, BLOCK 57, LOT 7
Tax Annual Amount: 13397

Utilities

Heating system: Forced Air

Building Details

Year built: 1950
Floors in Building: 3
Number of units: 2
Roof type: Metal

We can help!

Listing Contact

Zachary Eaton

Listing agent Zachary Eaton License #201206055

Listing office Keller Williams Realty Professionals 9755 SW Barnes Rd Ste 560, Portland, OR

Listing date Feb 7, 2025

MLS# 596525215 Listing URL

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.

HighLights

Main home features 6 bedrooms, 4 full bathrooms, a family room with fireplace, and a spacious kitchen with adjacent dining room
Lower level unit has a separate entrance with full kitchen, dining area, laundry room, 2 bedrooms, 1 full bathroom, and a living room with fireplace
Recent updates include new paint inside and out, updated kitchen with appliances, light fixtures, carpet, refinished wood floors, new furnace, and a mini‑split
Metal roof and forced‑air heating (plus a mini‑split) with Year built 1950
Low‑maintenance, tree‑surrounded lot with territorial views
Close to PSU and downtown Portland, with a short walk to OHSU and Marquam Nature Park

Overview

Located in the heart of Portland's SW Hills, this multifamily property offers flexibility for multigenerational living, a home office, Airbnb potential, or an in-law/nanny suite. The property is situated on a low-maintenance lot with territorial views. The main part of the house features six bedrooms, four full bathrooms, a bonus room, a family room with a fireplace, and a spacious kitchen with an adjacent dining room. The lower level unit, accessible via a separate entrance, includes a full kitchen, dining area, laundry room, spacious living room with a fireplace, two bedrooms, and one full bathroom. Recent updates include new paint inside and out, kitchen upgrades, new appliances, light fixtures, carpet, refinished wood floors, a new furnace, and a mini-split system. The property is zoned R5 and offers 4781 square feet of living space on a 0.12-acre lot. It is located minutes from restaurants, Portland State University, and downtown Portland, and a short walk to Oregon Health & Science University and Marquam Nature Park. This property is suitable for short-term rentals.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$100.4k	$21.00
− Vacancy	−$5.2k	−$1.09
EGI	$95.2k	$19.91
− OpEx	−$28.6k	−$5.97
NOI	$66.6k	$13.94

4,781 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$951.8K

$832.8K – $1.11M (±1% cap)

NOI $66,626 @ 7.0% cap · market cap 8.08%

Second Best

Apartment 5plus

$877.0K

$767.4K – $1.02M (±1% cap)

NOI $61,388 @ 7.0% cap · market cap 7.44%

Theoretical Best

Office A

$1.34M

$1.17M – $1.57M (±1% cap)

NOI $93,984 @ 7.0% cap · market cap 11.39%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Inn at Marquam Hill Bed & Breakfast

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.692923
Latitude: 45.498157

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For sale
Duplexes
OR
Portland
97239
3412 SW 13TH Ave

What type of property is this?

Duplex - Multigenerational home in SW Hills with income and Airbnb potential.

Where is this duplex located?

The property is located at 3412 SW 13TH Ave Portland, OR.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Main home features 6 bedrooms, 4 full bathrooms, a family room with fireplace, and a spacious kitchen with adjacent dining room; Lower level unit has a separate entrance with full kitchen, dining area, laundry room, 2 bedrooms, 1 full bathroom, and a living room with fireplace; Recent updates include new paint inside and out, updated kitchen with appliances, light fixtures, carpet, refinished wood floors, new furnace, and a mini‑split

3412 SW 13TH Ave, Portland, OR 97239

MULTI_FAMILY - Portland, OR

Property Features for 3412 SW 13TH Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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