Single-Story Duplex with Private
For Sale
$535,000
4663 NE 119TH Ave, Portland, OR 97220
MultiFamily, Portland, OR
Property Size1,628 SF
Lot Size0.26 Acres
Price / SF$328.62
Days on Market95
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
Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
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
off-street parking
private yard
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: Nov 1
Last Checked: Nov 1 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex contains two single-level residences, each with two bedrooms, one bathroom, in-unit laundry, and a functional layout. The property provides 1,628 square feet of building area on a 0.26-acre lot, with two garages and additional driveway parking. Private yards accompany both units, while the gently sloped site includes territorial and mountain views.
Built in 1978, the property has RM1 zoning, baseboard heating, and a composition roof. It is positioned on a quiet dead-end street with access to PDX, major commuter routes, shopping, dining, and everyday amenities. The two-unit configuration supports either owner occupancy with a second residence or leasing both units, as described in the property information.
Built in 1978, the property has RM1 zoning, baseboard heating, and a composition roof. It is positioned on a quiet dead-end street with access to PDX, major commuter routes, shopping, dining, and everyday amenities. The two-unit configuration supports either owner occupancy with a second residence or leasing both units, as described in the property information.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a single‑level duplex configuration
- 1,628‑square‑foot building on an oversized 0.26‑acre lot
- Each unit includes a private yard and in‑unit laundry
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.
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Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
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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 units include in-unit laundry, garages, and private yards.
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 2‑bedroom, 1‑bath units in a single‑level duplex configuration; 1,628‑square‑foot building on an oversized 0.26‑acre lot; Each unit includes a private yard and in‑unit laundry
