Parkrose Duplex with Private
New
For Sale
$550,000
4663 NE 119TH Ave, Portland, OR 97220
MULTI_FAMILY - Portland, OR
Property Size1,628 SF
Lot Size0.26 Acres
Price / SF$337.84
Days on Market4
Property Features for 4663 NE 119TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Elementary school
Prescott
Middle school
Parkrose
High school
Parkrose
Directions
From NE Sandy Boulevard, south on NE 119th Avenue to property
Subdivision
_142
Standard status
Active
APN
R318473
Size
1,628 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
SECTION 22 1N 2E, TL 3000 0.26 ACRES
Tax Annual Amount
4759
Legal Description
SECTION 22 1N 2E, TL 3000 0.26 ACRES
Utilities
Heating system
Baseboard
Amenities
in-unit laundry
private yard
off-street parking
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Alisha Sherman
(503) 956-3561
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 4:06PM
MLS# 264869501
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 Parkrose duplex at 4663 NE 119TH Ave, Portland, OR 97220 offers a single-level setup with two units. Each side is described as a 2-bedroom, 1-bath layout with in-unit laundry and an emphasis on off-street parking, including two garages plus additional driveway space. The property also features each unit having its own private yard.
The duplex sits on an oversized 0.26-acre lot on a quiet dead-end street. A gentle slope and territorial and mountain views are noted. Zoning is RM1.
Constructed in 1978, the home includes baseboard heating and a composition roof. The total property size is 1,628 square feet.
The duplex sits on an oversized 0.26-acre lot on a quiet dead-end street. A gentle slope and territorial and mountain views are noted. Zoning is RM1.
Constructed in 1978, the home includes baseboard heating and a composition roof. The total property size is 1,628 square feet.
Key Highlights
- 0.26‑acre lot on a quiet dead‑end street with territorial and mountain views
- Two single‑level 2‑bedroom, 1‑bath units
- In‑unit laundry in each unit
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 | $34.2k | $21.00 |
| − Vacancy | −$1.8k | −$1.09 |
| EGI | $32.4k | $19.91 |
| − OpEx | −$9.7k | −$5.97 |
| NOI | $22.7k | $13.94 |
1,628 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.1K
$283.6K – $378.1K
NOI $22,687 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,903 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$457.2K
$400.0K – $533.4K
NOI $32,003 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - RM1 zoned duplex with single-level 2-bed, 1-bath units, in-unit laundry, and private yard space plus off-street parking.
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 $550,000.
What are key features of this property?
This property features: 0.26‑acre lot on a quiet dead‑end street with territorial and mountain views; Two single‑level 2‑bedroom, 1‑bath units; In‑unit laundry in each unit
