Historic Duplex with Covered
5222 Southeast Woodstock Boulevard Portland, OR 97206
For Sale
$499,900
Built in 1914, this duplex features a covered front porch and both units have been consistently rented for years.
Property Size2,112 SF
Price / SF$236.70
Days on Market160
Property Features for 5222 Southeast Woodstock Boulevard
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi Family
Building Details
Year Built
1914
Listing Agency:
Eleete Real Estate
(503) 407-2414
Listed By:
Christopher Kuehl
(503) 407-2414
Source:
Compass
Added: Feb 20
Changed: Jul 21
Last Checked: Jul 29 at 12:45PM
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 Eleete Real Estate
Investment Insights
Based on property information with market context.
Built in 1914, this historic duplex offers classic street appeal with a covered front porch and period character. The property contains two units, and both have been consistently rented for years. For buyers looking to customize and enhance the home’s historic look, the property is being offered with the opportunity to restore and improve its charm.
Located in Portland’s Woodstock neighborhood, the duplex sits amid shops, dining, and local amenities in a walkable community setting. Zoning is listed as CN2, which may offer flexibility for multiple use possibilities.
This is a straightforward duplex configuration with ongoing rental performance, presented as an income property for either investors or owner-occupants.
Located in Portland’s Woodstock neighborhood, the duplex sits amid shops, dining, and local amenities in a walkable community setting. Zoning is listed as CN2, which may offer flexibility for multiple use possibilities.
This is a straightforward duplex configuration with ongoing rental performance, presented as an income property for either investors or owner-occupants.
Key Highlights
- Duplex built in 1914 with a covered front porch
- 3 stories with a full basement and concrete perimeter foundation
- CN2 zoning offers flexibility for multiple use possibilities
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 | $46.9k | $22.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $44.3k | $20.98 |
| − OpEx | −$13.3k | −$6.29 |
| NOI | $31.0k | $14.69 |
2,112 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.1K
$387.7K – $516.9K
NOI $31,015 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$397.3K
$347.6K – $463.5K
NOI $27,809 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$593.1K
$519.0K – $692.0K
NOI $41,517 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1914, this duplex features a covered front porch and both units have been consistently rented for years.
Where is this duplex located?
The property is located at 5222 Southeast Woodstock Boulevard Portland, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex built in 1914 with a covered front porch; 3 stories with a full basement and concrete perimeter foundation; CN2 zoning offers flexibility for multiple use possibilities
