Duplex with Vintage
New
For Sale
$595,000
3936 N KILPATRICK St, Portland, OR 97217
MultiFamily, Portland, OR
Property Size2,676 SF
Lot Size0.13 Acres
Price / SF$222.35
Days on Market2
Property Features for 3936 N KILPATRICK St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Elementary school
Peninsula
Middle school
Ockley Green
High school
Roosevelt
Directions
GPS Friendly - corner of Kilpatrick & Chautauqua
Subdivision
_141
Standard status
Active
APN
R292740
Size
2,676 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
UNIVERSITY PK, BLOCK 153, LOT 39&40
Tax Annual Amount
6213
Legal Description
UNIVERSITY PK, BLOCK 153, LOT 39&40
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1967
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Rebecca Green
(541) 728-1143
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
MLS# 119555057
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 2,676 square feet, with a two-bedroom unit currently vacant and ready for occupancy and established tenants in the other unit. The vacant side retains original kitchen cabinetry, refinished hardwood flooring, and period details, including a mid-century fireplace. Recent interior paint and bathroom updates complement the older finishes. A lower level provides laundry, storage, and additional flexible space. The property was built in 1967 and has forced-air heating, window-unit cooling, and an energy score of 8.
The 0.13-acre property is in Portland, Oregon, next to Columbia Park. Nearby neighborhood amenities described include coffee shops, restaurants, and the St. Johns Farmers Market.
The 0.13-acre property is in Portland, Oregon, next to Columbia Park. Nearby neighborhood amenities described include coffee shops, restaurants, and the St. Johns Farmers Market.
Key Highlights
- Duplex with one vacant two‑bedroom unit and established tenants in the other
- 2,676‑square‑foot property on a 0.13‑acre lot
- Refinished hardwood floors, original kitchen cabinetry, and a mid‑century fireplace
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
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
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 - A vacant two-bedroom unit offers refinished hardwood floors, original cabinetry, and a mid-century fireplace.
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: Duplex with one vacant two‑bedroom unit and established tenants in the other; 2,676‑square‑foot property on a 0.13‑acre lot; Refinished hardwood floors, original kitchen cabinetry, and a mid‑century fireplace
