Turnkey Remodeled Duplex With
411 Northeast 92nd Avenue Portland, OR 97220
411 Northeast 92nd Avenue, Portland, OR, 97220
$499,000
For Sale
$499,000
Turnkey 2024 remodel duplex with two updated units, new roof, plumbing, and electric, plus fenced off-street parking.
Property Size1,792 SF
Price / SF$278.46
Days on Market162
Property Features for 411 Northeast 92nd Avenue
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1943
Listing agency
Living Room Realty
(503) 719-5588
Listed by
Steve Brian · License #201210578
(503) 719-5588
Source
Compass
Added: Feb 10 Updated: Jul 20 at 7:41PM Checked: Jul 22 at 7:59AM
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 Living Room Realty
Investment Insights
Based on property information with market context.
This turnkey duplex was remodeled in 2024 and includes two updated residential units with major system replacements. The upper unit is a 3-bedroom, 1-bath layout with a top-to-bottom refresh, including new roof, plumbing, and electric, along with new windows, quartz counters, stainless appliances, luxury vinyl plank flooring, an updated bathroom, fresh paint, and updated fixtures. The lower unit is a fully updated studio with its own kitchen, full bath, laundry, and a private entrance.
The exterior includes fenced off-street parking and a shared garage that is divided into private storage bays for each unit, supporting convenient day-to-day use. Located in NE Portland’s Montavilla area, the property is described as having quick access to local parks, shops, transit, dining, and community amenities, with easy freeway access noted for commuting.
The configuration supports either owner-occupancy with rental income or renting both units, with flexible separation provided by the private entrance to the lower studio. All major updates are stated to have been completed in 2024, aiming to minimize owner upkeep.
The exterior includes fenced off-street parking and a shared garage that is divided into private storage bays for each unit, supporting convenient day-to-day use. Located in NE Portland’s Montavilla area, the property is described as having quick access to local parks, shops, transit, dining, and community amenities, with easy freeway access noted for commuting.
The configuration supports either owner-occupancy with rental income or renting both units, with flexible separation provided by the private entrance to the lower studio. All major updates are stated to have been completed in 2024, aiming to minimize owner upkeep.
Key Highlights
- Duplex with separate living quarters apartment (2 stories) and concrete perimeter foundation
- Turnkey 2024 remodel of both units with new roof plus new plumbing and electric
- Upper unit: 3 bed / 1 bath with quartz counters, stainless appliances, luxury vinyl plank flooring, modern bath, fresh paint, updated fixtures, and new windows
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 | $37.6k | $21.00 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $35.7k | $19.91 |
| − OpEx | −$10.7k | −$5.97 |
| NOI | $25.0k | $13.94 |
1,792 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.8K
$312.2K – $416.2K
NOI $24,973 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$328.7K
$287.6K – $383.5K
NOI $23,009 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$503.2K
$440.3K – $587.1K
NOI $35,227 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey 2024 remodel duplex with two updated units, new roof, plumbing, and electric, plus fenced off-street parking.
Where is this duplex located?
The property is located at 411 Northeast 92nd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex with separate living quarters apartment (2 stories) and concrete perimeter foundation; Turnkey 2024 remodel of both units with new roof plus new plumbing and electric; Upper unit: 3 bed / 1 bath with quartz counters, stainless appliances, luxury vinyl plank flooring, modern bath, fresh paint, updated fixtures, and new windows
