Upgraded Mid-Century
For Sale
$639,000
4720-4724 Southeast 37th Avenue, Portland, OR 97202
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 Market88
Property Features for 4720-4724 Southeast 37th Avenue
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
bamboo floors
dishwashers
stack washer and dryers
tile floors
private front and back doors
sliding glass doors
mini-split
off street parking
Building Details
Year Built
1954
Construction
mid-century
Tenancy
Multi
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: Aug 2 at 12:53PM
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
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 - 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
