Remodeled Duplex with New
For Sale
$779,900
4030 SE MAIN ST, Portland, OR 97214
Two-unit residential property with refreshed interiors, upgraded building systems, and R2.5 zoning.
Property Size3,195 SF
Days on Market159
Property Features for 4030 SE MAIN ST
General Information
Standard status
Active
Size
3,195 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Sunnyside
Additional Details
Multifamily Units
2
Building Details
Building Size
3,195 SF
Year Built
1890
Buildings
1
Listing Agency:
H & H Preferred Real Estate
Listed By:
Valerie Hunter · License #200110149
(541) 419-7253
Source:
Eleeterealestate
Added: May 28
Changed: Oct 31
Last Checked: Nov 1 at 2:34PM
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 H & H Preferred Real Estate
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Investment Insights
Based on property information with market context.
This 3,195-square-foot duplex combines remodeled interiors with substantial recent building updates. Improvements include refreshed kitchens with quartz countertops and new appliances, renovated bathrooms, new flooring, and fresh interior and exterior paint. The property also has new garage doors, a new furnace, a new sewer line, and a 30-year architectural shingle roof. Built in 1890, the building is zoned R2.5.
The property is located two blocks from the heart of Hawthorne in Southeast Portland, placing dining, shopping, entertainment, and coffee shops within close reach. Walk Scores range from 90 to 94, and the Bike Score is 95+.
The duplex configuration supports either owner occupancy with a second unit for rent or use as a residential income property. Exterior features include a level site, public water, and detached off-street parking.
The property is located two blocks from the heart of Hawthorne in Southeast Portland, placing dining, shopping, entertainment, and coffee shops within close reach. Walk Scores range from 90 to 94, and the Bike Score is 95+.
The duplex configuration supports either owner occupancy with a second unit for rent or use as a residential income property. Exterior features include a level site, public water, and detached off-street parking.
Key Highlights
- 3,195 SF duplex on a level site
- Remodeled kitchens with quartz countertops and new appliances
- New 30‑year architectural shingle roof, furnace, and sewer line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,524
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,480
$890.5K
Cap Rate 7%
$636,057
$636.1K
Cap Rate 9%
$494,711
$494.7K
Market Conditions
NOI Build-Up for 3,195 SF
Gross rent
$67.1K $21.00/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$63.6K $19.91/SF
− OpEx
−$19.1K −$5.97/SF
NOI
$44.5K $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%
$890,480
Cap Rate 7%
$636,057
Cap Rate 9%
$494,711
Alternative Uses
Best Use
Multifamily LT 5
$636.1K
$556.6K – $742.1K
NOI $44,524 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$586.1K
$512.8K – $683.7K
NOI $41,024 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$897.2K
$785.1K – $1.05M
NOI $62,806 @ 7.0% cap · market cap 8.05%
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
2,344
Businesses Nearby
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Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with refreshed interiors, upgraded building systems, and R2.5 zoning.
Where is this duplex located?
The property is located at 4030 SE MAIN ST Portland, OR.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: 3,195 SF duplex on a level site; Remodeled kitchens with quartz countertops and new appliances; New 30‑year architectural shingle roof, furnace, and sewer line
