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Updated Duplex in R2.5 Zoning

4030 SE MAIN St Portland, OR 97214

4030 SE MAIN St, Portland, OR, 97214
$824,900
For Sale
Claim this Listing
$824,900

MULTI_FAMILY - Portland, OR

Property Size3,195 SF
Lot Size0.10 Acres
Price / SF$258.18
AddedMay 28
Days on Market48
Last RefreshJul 14 at 10:06 pm

Property Features for 4030 SE MAIN St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5
Standard status
Active
APN
R281262
Size
3,195 SF
Lot size
0.10 Acres

Taxes and HOA fees

Tax Description
SUNNYSIDE ADD, BLOCK 15, LOT 11, POTENTIAL ADDITIONAL TAX

Utilities

Heating system
Forced Air

Building Details

Year built
1890
Floors in Building
2
Number of units
2

Listing agent Valerie Hunter License #200110149

Listing office H & H Preferred Real Estate 13551 SE 145th Ave, HAPPY VALLEY, OR

Listing date May 28, 2026

MLS# 704412835 Listing URL

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.

This updated duplex offers updated kitchens with quartz countertops and new appliances, remodeled bathrooms, new flooring throughout, and fresh interior and exterior paint. Additional improvements include new garage doors and a new 30-year architectural shingle roof. The property also includes a new furnace and a brand new sewer line.

The duplex is located in close-in Southeast Portland at 4030 SE MAIN St, Portland, OR 97214. Public remarks note it is approximately two blocks to the heart of Hawthorne, with walk and bike scores reported as 90–94 and 95+, respectively.

The property is zoned R2.5. Buyer to verify all information.

Key Highlights

  • Updated duplex with 5 bedrooms and 2 bathrooms across the home
  • Remodeled kitchens with quartz countertops and new appliances
  • Remodeled bathrooms and new flooring throughout

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 $67.1k $21.00
− Vacancy −$3.5k −$1.09
EGI $63.6k $19.91
− OpEx −$19.1k −$5.97
NOI $44.5k $13.94
3,195 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$636.1K
$556.6K – $742.1K (±1% cap)
NOI $44,524 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$586.1K
$512.8K – $683.7K (±1% cap)
NOI $41,024 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$897.2K
$785.1K – $1.05M (±1% cap)
NOI $62,806 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Auto Parts Store Carpet & Flooring Store Plumbing Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Grocery & Convenience Store Home Appliance Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Updated Portland duplex with remodeled interiors, new roof, new furnace, and a brand new sewer line.
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 $824,900.
What are key features of this property?
This property features: Updated duplex with 5 bedrooms and 2 bathrooms across the home; Remodeled kitchens with quartz countertops and new appliances; Remodeled bathrooms and new flooring throughout
Contact an agent
More about this property
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