Upgraded Mid-Century
4720-4724 Southeast 37th Avenue Portland, OR 97202
For Sale
$639,000
Mid-century duplex with one 1-bedroom and one 2-bedroom unit, upgraded interiors, and off-street parking.
Property Size1,260 SF
Price / SF$507.14
Days on Market80
Property Features for 4720-4724 Southeast 37th Avenue
General Information
- Standard status
- Active
- Size
- 1,260 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1954
Listing Agency:
High Five Properties
(503) 317-4399
Listed By:
Lisa Long · License #200306070
(503) 317-4399
Source:
Compass
Added: May 8
Changed: Jul 22
Last Checked: Jul 26 at 11:52AM
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 High Five Properties
Investment Insights
Based on property information with market context.
This well-maintained mid-century duplex offers two separate residences: one 1-bedroom unit and one 2-bedroom unit. Both units include bamboo floors, dishwashers, stack washer and dryers, tile floors, and private front and back doors. The 2-bedroom unit also features sliding glass doors in the second bedroom, and the 1-bedroom unit includes a mini-split. Off-street parking is available for residents.
The property is located on a quiet residential block near Reed College, with public transportation and amenities close by.
The seller notes there is no sign on the property, and offers are contingent on interior inspection. Please do not disturb tenants.
The property is located on a quiet residential block near Reed College, with public transportation and amenities close by.
The seller notes there is no sign on the property, and offers are contingent on interior inspection. Please do not disturb tenants.
Key Highlights
- Mid‑century duplex built in 1954 featuring 1 one‑bedroom unit and 1 two‑bedroom unit
- Both units offer bamboo floors, tile floors, dishwashers, and stack washer/dryers
- Both units have private front and back doors
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 | $28.0k | $22.20 |
| − Vacancy | −$1.8k | −$1.44 |
| EGI | $26.2k | $20.76 |
| − OpEx | −$7.8k | −$6.23 |
| NOI | $18.3k | $14.53 |
1,260 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.5K
$228.9K – $305.1K
NOI $18,308 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,999 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$300.6K
$263.0K – $350.7K
NOI $21,042 @ 7.0% cap · market cap 3.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Mid-century duplex with one 1-bedroom and one 2-bedroom unit, upgraded interiors, and off-street parking.
Where is this duplex located?
The property is located at 4720-4724 Southeast 37th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Mid‑century duplex built in 1954 featuring 1 one‑bedroom unit and 1 two‑bedroom unit; Both units offer bamboo floors, tile floors, dishwashers, and stack washer/dryers; Both units have private front and back doors
