5123-5125 Northeast Killingsworth Street, Portland, OR 97218
Turn-key duplex with updated kitchens and baths, private patios, and in-unit laundry for two income units.
- Added:
- Jan 4, 2026
- Days on Market:
- 161
- Last Refresh:
- Jun 6 at 3:15 am
Property Features for 5123-5125 Northeast Killingsworth Street
General Information
- Standard status
- Active
- Size
- 1,702 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1984
Listing agent Brian Spear License #200312221 (503) 515-9374
Listing office Opt (503) 515-9374
Listing date Jan 4, 2026
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 Opt
HighLights
- Cully duplex in NE Portland, built in 1984 with 2 stories and concrete perimeter foundation; crawl space basement
- New roof and exterior panel exterior; composition shingle roofing
- Both units have updated kitchens and bathrooms with quartz counters, modern cabinetry, and stainless steel appliances
- Townhouse‑style layout with new rear sliders, private patios, individual storage units, and in‑unit washer/dryer
- Off‑street assigned parking available for the duplex
- In‑place rents total $41,880 annually and the property is selling at a 10.5 GRM
Overview
Located at 5123–5125 Northeast Killingsworth Street in Portland, OR 97218, the duplex is positioned near NE 42nd and Alberta Street, as well as Fernhill Park and PDX International, supporting everyday convenience for residents.
For investors, the current annual income with in-place rents is listed at $41,880. The property is presented as a turn-key opportunity, with the listing noting a 10.5 GRM and potential rent growth. With in-unit laundry, private outdoor space, and assigned off-street parking for residents, the layout is designed to support tenant-friendly day-to-day living.
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 | $35.7k | $21.00 |
| − Vacancy | −$1.9k | −$1.09 |
| EGI | $33.9k | $19.91 |
| − OpEx | −$10.2k | −$5.97 |
| NOI | $23.7k | $13.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6099808
- Latitude
- 45.562951
