Duplex Buildings on One
4840 Northeast 99th Avenue, Portland, OR 97220
Two duplexes with positive cash flow potential in convenient location.
Type:Multi Family
Property size:
1,974 SFPrice / SF:
$202/SF- Added:
- Sep 21, 2018
- Days on Market:
- 2813
- Last Refresh:
- May 13 at 9:37 pm
Property Features for 4840 Northeast 99th Avenue
General Information
- Standard status
- Active
- Size
- 1,974 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1933
Listing agent Jason Kennedy License #200501139 (503) 679-0554
Listing office RE/MAX Equity Group (503) 679-0554
Listing date Sep 21, 2018
Source Compass
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 RE/MAX Equity Group
HighLights
- High Cap Rate (~9%) exceeding loan interest rate, ensuring positive cash flow.
- Investor loan available with only 10% down.
- Opportunity for owner‑occupancy with low down payment options.
- Convenient location for easy commute.
- Two duplex buildings on one tax lot.
- Mix of unit types: two 2‑bed/1‑bath and two 1‑bed/1‑bath units, plus laundry room.
Overview
This property features two duplex buildings situated on a single tax lot. The layout includes two units with 2 bedrooms and 1 bathroom each, along with two units featuring 1 bedroom and 1 bathroom each, plus a laundry room. The property's location offers convenient commuting options. It presents a potential opportunity for owner-occupants with loan options available. Investor loans are also available. The property has a Home Energy Score of 6.
Local 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 | $41.5k | $21.00 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $39.3k | $19.91 |
| − OpEx | −$11.8k | −$5.97 |
| NOI | $27.5k | $13.94 |
1,974 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,509 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$362.1K
$316.8K – $422.4K
NOI $25,346 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$554.3K
$485.1K – $646.7K
NOI $38,804 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5604968
- Latitude
- 45.5585877
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two duplexes with positive cash flow potential in convenient location.
Where is this duplex located?
The property is located at 4840 Northeast 99th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: High Cap Rate (~9%) exceeding loan interest rate, ensuring positive cash flow.; Investor loan available with only 10% down.; Opportunity for owner‑occupancy with low down payment options.
