Duplex with Two-Bedroom
For Sale
$595,000
3936 N KILPATRICK ST, Portland, OR 97217
One side has established tenants, while the vacant unit offers a two-bedroom layout.
Property Size2,676 SF
Days on Market14
Property Features for 3936 N KILPATRICK ST
General Information
Standard status
Active
Size
2,676 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Portsmouth
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,212
Building Details
Building Size
2,676 SF
Year Built
1967
Buildings
1
Listing Agency:
Real Broker
Listed By:
Rebecca Green · License #201216981
(541) 728-1143
Source:
Eleeterealestate
Added: Oct 20
Changed: Nov 1
Last Checked: Nov 1 at 1:02PM
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 Real Broker
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Investment Insights
Based on property information with market context.
Built in 1967, this duplex pairs an occupied unit with a vacant two-bedroom residence. The vacant side features refinished hardwood floors, original kitchen cabinets, a mid-century fireplace, fresh interior paint and an updated bathroom. Downstairs are laundry facilities, storage and flexible additional space. The property has a Home Energy Score of 8.
Columbia Park is next door, with neighborhood coffee shops and restaurants nearby. The St. Johns Farmers Market is also mentioned as a nearby destination.
Columbia Park is next door, with neighborhood coffee shops and restaurants nearby. The St. Johns Farmers Market is also mentioned as a nearby destination.
Key Highlights
- Established tenants occupy one side; the other unit is vacant and has two bedrooms
- Vacant unit includes refinished hardwood floors, original kitchen cabinetry and a mid‑century fireplace
- Fresh interior paint and refreshed bathroom in the vacant unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,292
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,840
$745.8K
Cap Rate 7%
$532,743
$532.7K
Cap Rate 9%
$414,356
$414.4K
Market Conditions
NOI Build-Up for 2,676 SF
Gross rent
$56.2K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$53.3K $19.91/SF
− OpEx
−$16.0K −$5.97/SF
NOI
$37.3K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,840
Cap Rate 7%
$532,743
Cap Rate 9%
$414,356
Alternative Uses
Best Use
Multifamily LT 5
$532.7K
$466.2K – $621.5K
NOI $37,292 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$490.9K
$429.5K – $572.7K
NOI $34,360 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$751.5K
$657.6K – $876.7K
NOI $52,604 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
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Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One side has established tenants, while the vacant unit offers a two-bedroom layout.
Where is this duplex located?
The property is located at 3936 N KILPATRICK ST Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Established tenants occupy one side; the other unit is vacant and has two bedrooms; Vacant unit includes refinished hardwood floors, original kitchen cabinetry and a mid‑century fireplace; Fresh interior paint and refreshed bathroom in the vacant unit
