1924 Duplex with Separate
For Sale
$575,000
3815 SE 64TH Ave, Portland, OR 97206
MULTI_FAMILY - Portland, OR
Property Size2,760 SF
Price / SF$208.33
Days on Market35
Property Features for 3815 SE 64TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
Subdivision
FOSTER - POWELL
Elementary school
Creston
Middle school
Hosford
High school
Franklin
Directions
SE Powell; S on SE 64th Ave to Property
Standard status
Active
APN
R204966
Size
2,760 SF
Taxes and HOA fees
Tax Description
LAURELWOOD PK, BLOCK 9, LOT 23
Tax Annual Amount
4962
Legal Description
LAURELWOOD PK, BLOCK 9, LOT 23
Utilities
Heating system
Forced Air
Amenities
shared laundry
storage space
landscaped backyard
fenced backyard
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Stephen FitzMaurice
(971) 803-1590
Added: Jun 29
Changed: Aug 2
Last Checked: Aug 2 at 3:06PM
MLS# 182232773
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.
Investment Insights
Based on property information with market context.
3815 SE 64TH Ave, Portland, OR 97206 presents a charming 1924 duplex with 2 bedrooms and 1 bathroom in each unit, along with warm wood floors and a functional kitchen layout. The property includes shared laundry and storage space in the basement, and it has a nicely landscaped, fully fenced backyard for tenant outdoor enjoyment. A separate studio provides additional flexibility as a third unit, home office, or creative space.
The home is heated with forced air and has a composition roof. The exterior was recently painted, supporting ongoing tenant appeal and curb presence.
Zoned R5, this duplex offers a straightforward residential income configuration with long-term tenants already in place, along with an extra studio space that can help broaden how the property is used.
The home is heated with forced air and has a composition roof. The exterior was recently painted, supporting ongoing tenant appeal and curb presence.
Zoned R5, this duplex offers a straightforward residential income configuration with long-term tenants already in place, along with an extra studio space that can help broaden how the property is used.
Key Highlights
- Zoned R5 duplex at 3815 SE 64TH Ave, Portland, OR 97206
- 1924 building with composition roof and forced‑air heating
- Each unit features 2 bedrooms and 1 bathroom with warm wood floors
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 | $61.3k | $22.20 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $57.9k | $20.98 |
| − OpEx | −$17.4k | −$6.29 |
| NOI | $40.5k | $14.69 |
2,760 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.0K
$506.6K – $675.5K
NOI $40,531 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$519.2K
$454.3K – $605.7K
NOI $36,341 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$775.1K
$678.2K – $904.3K
NOI $54,255 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R5 zoned 1924 duplex with forced-air heating, shared basement laundry, and a separate studio.
Where is this duplex located?
The property is located at 3815 SE 64TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Zoned R5 duplex at 3815 SE 64TH Ave, Portland, OR 97206; 1924 building with composition roof and forced‑air heating; Each unit features 2 bedrooms and 1 bathroom with warm wood floors
