Duplex with Modern Second
New
For Sale
$999,000
4745 N Amherst St, Portland, OR 97203
Two residences offer a combined 11 bedrooms, separate laundry areas, and distinct interior finishes.
Property Size3,753 SF
Price / SF$266.19
Days on Market3
Property Features for 4745 N Amherst St
General Information
Standard status
Active
Size
3,753 SF
Property subtype
MultiFamily
Zoning
R5
Site & Location
Neighborhood
University Park
Public Transit
Yes
Units
Unit Mix
1 x 5BR/2BA, 1 x 6BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,666
Amenities
fireplace
laundry
Basement
Finished
Electricity
UnitTypeType1,UnitTypeType2
5
6
Dishwasher,HardwoodFloors,Range,Refrigerator
Dishwasher,Range,Refrigerator,WasherDryer
2
3600
1
3900
CornerLot
PublicWater
OnStreet
Paved
3753.0
Brick,WoodSiding
Building Details
Building Size
3,753 SF
Year Built
1942
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices NW Real Estate -
(503) 755-9493
Listed By:
Adriana Focke
Source:
Checkpoint-realty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:20AM
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 Berkshire Hathaway HomeServices NW Real Estate -
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Investment Insights
Based on property information with market context.
This R5-zoned duplex contains 3,753 square feet across two residences. The first unit, built in 1942, measures 1,933 square feet and has five bedrooms, two bathrooms, a fireplace, oak floors, built-in features, a basement laundry area, and a breakfast nook. The second unit was built in 2014 and spans 1,820 square feet, with six bedrooms, two bathrooms, an open living and kitchen area, granite counters, maple cabinetry, and laundry upstairs. Both units have dishwashers, ranges, and refrigerators; the second also includes a washer and dryer. The property has a newer roof, vinyl windows, and a corner-lot setting.
The duplex is near the University of Portland and close to parks, transit, shops, and restaurants. Exterior materials include brick and wood siding, with public water and paved, on-street parking.
The duplex is near the University of Portland and close to parks, transit, shops, and restaurants. Exterior materials include brick and wood siding, with public water and paved, on-street parking.
Key Highlights
- Two units total 3,753 square feet, with 11 bedrooms and 4 bathrooms
- Built in 1942, the first residence has 1,933 square feet, 5 bedrooms, and 2 bathrooms
- Built in 2014, the second residence has 1,820 square feet, 6 bedrooms, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,300
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,000
$1.0M
Cap Rate 7%
$747,143
$747.1K
Cap Rate 9%
$581,111
$581.1K
Market Conditions
NOI Build-Up for 3,753 SF
Gross rent
$78.8K $21.00/SF
− Vacancy
−$4.1K −$1.09/SF
EGI
$74.7K $19.91/SF
− OpEx
−$22.4K −$5.97/SF
NOI
$52.3K $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%
$1,046,000
Cap Rate 7%
$747,143
Cap Rate 9%
$581,111
Alternative Uses
Best Use
Multifamily LT 5
$747.1K
$653.8K – $871.7K
NOI $52,300 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$688.4K
$602.4K – $803.1K
NOI $48,188 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.05M
$922.2K – $1.23M
NOI $73,775 @ 7.0% cap · market cap 7.38%
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
450
Businesses Nearby
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Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a combined 11 bedrooms, separate laundry areas, and distinct interior finishes.
Where is this duplex located?
The property is located at 4745 N Amherst St Portland, OR.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two units total 3,753 square feet, with 11 bedrooms and 4 bathrooms; Built in 1942, the first residence has 1,933 square feet, 5 bedrooms, and 2 bathrooms; Built in 2014, the second residence has 1,820 square feet, 6 bedrooms, and 2 bathrooms
