Corner-Lot Duplex with Flexible
For Sale
$575,000
3929 SE 70th AVE, Portland, OR 97206
Updated multi-level duplex with a separate lower-level entrance and adaptable interior spaces.
Property Size2,351 SF
Price / SF$244.58
Days on Market49
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 3929 SE 70th AVE
General Information
Standard status
Active
Size
2,351 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1906
Construction
Four Square
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 297-2169
Listed By:
Linnea Kittrell
(541) 556-5292
Source:
Oregonrealestateadvisors
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 14 at 10:52PM
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 Pacific Coast Real Estate & Development, LLC
Investment Insights
Based on property information with market context.
Built in 1906, this 2,351-square-foot Four Square home is currently arranged as a duplex on a corner lot. The lower level has its own entrance, kitchenette with range and refrigerator, one legal bedroom, and an additional non-conforming bedroom. The main floor includes a full kitchen, bedroom, dining room, utility room, and living area. Upstairs are two bedrooms plus flexible space that can serve as another bedroom or living area with a kitchen. A finished attic adds further usable space, while fresh interior paint and new carpet provide recent updates. A new roof is scheduled for installation before closing.
The property is in Foster-Powell near Kern Park, local shops, restaurants, and neighborhood amenities. Its 100 Bike Score supports convenient bicycle access throughout the area. The corner-lot setting also provides room to consider an additional unit or tiny home, subject to applicable requirements.
The property is in Foster-Powell near Kern Park, local shops, restaurants, and neighborhood amenities. Its 100 Bike Score supports convenient bicycle access throughout the area. The corner-lot setting also provides room to consider an additional unit or tiny home, subject to applicable requirements.
Key Highlights
- 2,351 SF Four Square home built in 1906
- Current duplex configuration with 5 bedrooms and a possible 6th non‑conforming bedroom
- Separate lower‑level entrance with kitchenette, range, refrigerator, and one legal bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,525
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,500
$690.5K
Cap Rate 7%
$493,214
$493.2K
Cap Rate 9%
$383,611
$383.6K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$52.2K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$49.3K $20.98/SF
− OpEx
−$14.8K −$6.29/SF
NOI
$34.5K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,500
Cap Rate 7%
$493,214
Cap Rate 9%
$383,611
Alternative Uses
Best Use
Multifamily LT 5
$493.2K
$431.6K – $575.4K
NOI $34,525 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$442.2K
$387.0K – $515.9K
NOI $30,956 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$660.2K
$577.7K – $770.3K
NOI $46,215 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
964
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated multi-level duplex with a separate lower-level entrance and adaptable interior spaces.
Where is this duplex located?
The property is located at 3929 SE 70th 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: 2,351 SF Four Square home built in 1906; Current duplex configuration with 5 bedrooms and a possible 6th non‑conforming bedroom; Separate lower‑level entrance with kitchenette, range, refrigerator, and one legal bedroom
