Updated Duplex with In-Unit
For Sale
$774,900
3910 SE 32 Ave SE, Portland, OR 97202
MULTI_FAMILY - Portland, OR
Property Size2,599 SF
Lot Size0.12 Acres
Price / SF$298.15
Days on Market25
Property Features for 3910 SE 32 Ave SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 2.5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Subdivision
Kenilworth
Elementary school
Grout
Middle school
Hosford
High school
Cleveland
Directions
Gladstone to North on 32nd Ave
Standard status
Active
APN
R195646
Size
2,599 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
KENILWORTH, BLOCK 8, LOT 2
Tax Annual Amount
5035
Legal Description
KENILWORTH, BLOCK 8, LOT 2
Utilities
Cooling system
Window Unit(s)
Amenities
hardwood floors
in-unit laundry
mini splits
backyard landscaping
paver patio/driveway
basement with separate entrance
Building Details
Year built
1911
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Jason Wasinger
(503) 847-0065
Added: Jul 10
Changed: Aug 3
Last Checked: Aug 3 at 7:06AM
MLS# 472087331
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.
Updated R 2.5-zoned duplex in Portland on a 0.12-acre lot, built in 1911 and totaling 2,599 square feet. The main level features a 2-bedroom, 1-bath layout with hardwood floors, an open-concept kitchen with quartz countertops and stainless steel appliances, and in-unit laundry. The upstairs residence is a 1-bedroom, 1-bath home with hardwood floors, in-unit washer and dryer, and ample storage. Both units are being sold furnished.
Recent improvements include mini splits, backyard landscaping, a paver patio/driveway, fencing, and a clean basement with a separate entrance. The basement is ready for storage, possible workspace, or future development, with the buyer to perform all due diligence with the City of Portland. Additional building features include a composition roof and window unit cooling.
The property is located in the heart of Kenilworth, with convenient access to parks, coffee shops, restaurants, and downtown Portland, and it is just minutes from Gladstone, Division, Clinton, and Woodstock.
Recent improvements include mini splits, backyard landscaping, a paver patio/driveway, fencing, and a clean basement with a separate entrance. The basement is ready for storage, possible workspace, or future development, with the buyer to perform all due diligence with the City of Portland. Additional building features include a composition roof and window unit cooling.
The property is located in the heart of Kenilworth, with convenient access to parks, coffee shops, restaurants, and downtown Portland, and it is just minutes from Gladstone, Division, Clinton, and Woodstock.
Key Highlights
- R 2.5‑zoned duplex on a 0.12‑acre lot built in 1911
- 2,599 SF duplex with main‑level 2 bed/1 bath plus upstairs 1 bed/1 bath
- In‑unit laundry for both units; both residences sold furnished
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 | $57.7k | $22.20 |
| − Vacancy | −$3.8k | −$1.44 |
| EGI | $53.9k | $20.76 |
| − OpEx | −$16.2k | −$6.23 |
| NOI | $37.8k | $14.53 |
2,599 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.5K
$472.0K – $629.4K
NOI $37,763 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,064 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$620.0K
$542.5K – $723.4K
NOI $43,403 @ 7.0% cap · market cap 5.60%
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
1,117
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R 2.5-zoned duplex with two residences, each with in-unit laundry, and extensive recent updates.
Where is this duplex located?
The property is located at 3910 SE 32 Ave SE Portland, OR.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: R 2.5‑zoned duplex on a 0.12‑acre lot built in 1911; 2,599 SF duplex with main‑level 2 bed/1 bath plus upstairs 1 bed/1 bath; In‑unit laundry for both units; both residences sold furnished
