3910 SE 32 Ave SE Portland, OR 97202
MULTI_FAMILY - Portland, OR
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
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- 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
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1911
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Composition
Listing agent Jason Wasinger (503) 847-0065
Listing office Real Broker 2175 NW Raleigh Street, ste 110, Portland, OR (855) 450-0442
Listing date Jul 10, 2026
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.
Located in Portland, the property is described as being just minutes from Gladstone, Division, Clinton, and Woodstock, with nearby parks and dining options and convenient access to downtown Portland.
The basement with separate entrance provides additional flexibility for storage and possible future uses. Both units were sold furnished, and the property includes a generous backyard that may offer opportunities for further development, subject to City of Portland approval and due diligence by the buyer.
Key Highlights
- R2.5‑zoned duplex built in 1911 in Kenilworth
- Main level unit features 2 bedrooms, 1 bathroom, hardwood floors, and open‑concept kitchen with quartz countertops and stainless steel appliances
- Upstairs unit offers 1 bedroom, 1 bathroom, hardwood floors, and its own washer and dryer
Local 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 |
