Duplex with Updated
4701 NE KILLINGSWORTH ST, Portland, OR 97218
For Sale
$525,000
One residence is vacant, while the other is occupied by a tenant, providing a mix of immediate use and ongoing tenancy.
Property Size2,428 SF
Price / SF$216.23
Days on Market137
Property Features for 4701 NE KILLINGSWORTH ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
private storage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Think Real Estate
Listed By:
Darcie Alexander
(503) 928-3682
Source:
Woodlandwa
Added: Jun 27
Changed: Nov 10
Last Checked: Nov 9 at 7:44PM
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 Think Real Estate
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Investment Insights
Based on property information with market context.
This 2,428-square-foot duplex, built in 1952, has one vacant residence and a second unit with an established tenant. The vacant unit has received new carpet and interior paint. Vinyl windows, the roof, and HVAC systems have been updated. Dedicated off-street parking and private storage are also included.
The property is in Portland’s Cully neighborhood, near shops, restaurants, and cafes on NE 42nd Avenue. Parks and public transportation are also nearby.
The property is in Portland’s Cully neighborhood, near shops, restaurants, and cafes on NE 42nd Avenue. Parks and public transportation are also nearby.
Key Highlights
- 2,428‑square‑foot duplex built in 1952
- One vacant residence and a second unit occupied by an established tenant
- Vacant unit refreshed with new carpet and interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,836
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,720
$676.7K
Cap Rate 7%
$483,371
$483.4K
Cap Rate 9%
$375,956
$376.0K
Market Conditions
NOI Build-Up for 2,428 SF
Gross rent
$51.0K $21.00/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$48.3K $19.91/SF
− OpEx
−$14.5K −$5.97/SF
NOI
$33.8K $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%
$676,720
Cap Rate 7%
$483,371
Cap Rate 9%
$375,956
Alternative Uses
Best Use
Multifamily LT 5
$483.4K
$423.0K – $563.9K
NOI $33,836 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$445.4K
$389.7K – $519.6K
NOI $31,175 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$681.8K
$596.6K – $795.5K
NOI $47,729 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
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Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Portland, OR
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the other is occupied by a tenant, providing a mix of immediate use and ongoing tenancy.
Where is this duplex located?
The property is located at 4701 NE KILLINGSWORTH ST Portland, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,428‑square‑foot duplex built in 1952; One vacant residence and a second unit occupied by an established tenant; Vacant unit refreshed with new carpet and interior paint
