Duplex with Private
For Sale
$535,000
4663 NE 119th Ave, Portland, OR 97220
Two single-level residences feature in-unit laundry, garage parking, and individual outdoor space.
Property Size1,628 SF
Lot Size0.26 Acres
Price / SF$328.62
Days on Market95
Property Features for 4663 NE 119th Ave
General Information
Standard status
Active
Size
1,628 SF
Total Parking Spaces
6
Lot size
0.26 Acres
Property subtype
Multi Family Home
Zoning
RM1
Site & Location
Neighborhood
Parkrose
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,758
Amenities
in-unit laundry
private yard
off-street parking
Building Details
Building Size
1,628 SF
Year Built
1978
Buildings
1
Stories
1
Units
2
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Alisha Sherman
(503) 956-3561
Source:
Eaglecaprealty
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 29 at 8:13PM
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.
This 1,628-square-foot duplex contains two single-level units, each with in-unit laundry. The property includes two garages, additional driveway parking, and a separate private yard for each residence. One unit is described as having two bedrooms and one bathroom.
Set on a 0.26-acre lot along a dead-end street, the property has RM1 zoning and territorial and mountain views. PDX, commuter routes, shopping, dining, and everyday services are accessible from the property. Built in 1978, the duplex has a Home Energy Score of 5.
Set on a 0.26-acre lot along a dead-end street, the property has RM1 zoning and territorial and mountain views. PDX, commuter routes, shopping, dining, and everyday services are accessible from the property. Built in 1978, the duplex has a Home Energy Score of 5.
Key Highlights
- Two single‑level units with in‑unit laundry
- 1,628 square feet on a 0.26‑acre lot
- Two garages plus additional driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,687
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,740
$453.7K
Cap Rate 7%
$324,100
$324.1K
Cap Rate 9%
$252,078
$252.1K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$34.2K $21.00/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$32.4K $19.91/SF
− OpEx
−$9.7K −$5.97/SF
NOI
$22.7K $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%
$453,740
Cap Rate 7%
$324,100
Cap Rate 9%
$252,078
Alternative Uses
Best Use
Multifamily LT 5
$324.1K
$283.6K – $378.1K
NOI $22,687 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,903 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$457.2K
$400.0K – $533.4K
NOI $32,003 @ 7.0% cap · market cap 5.98%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
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 - Two single-level residences feature in-unit laundry, garage parking, and individual outdoor space.
Where is this duplex located?
The property is located at 4663 NE 119th Ave Portland, OR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two single‑level units with in‑unit laundry; 1,628 square feet on a 0.26‑acre lot; Two garages plus additional driveway parking
