Updated Duplex with
5315 SE 97th AVE, Portland, OR 97266
For Sale
$695,000
Pending
Two separate residences provide updated interiors, private garages, storage, and additional lower-level living space.
Property Size3,125 SF
Days on Market53
Property Features for 5315 SE 97th AVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Huston Realty Dba Arete Properties
Listed By:
Vicki Gile
(503) 539-5944
Source:
Gilegroup
Added: Sep 19
Changed: Nov 9
Last Checked: Nov 8 at 5:39AM
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 Huston Realty Dba Arete Properties
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Investment Insights
Based on property information with market context.
Built in 2007, this 3,125-square-foot duplex includes two distinct residences plus an additional lower-level suite. Unit A offers 3 bedrooms, 2.1 bathrooms, an open living area, a spacious kitchen with stainless steel appliances, recessed lighting, a 2-car garage, storage, and patio or deck space. The lower level adds 2 bedrooms, 1 bathroom, an updated kitchen area, laundry, a glass-enclosed shower, and additional living space.
Unit B contains 2 bedrooms, 1 bathroom, a 1-car garage, and separate storage. The property is located at 5315 SE 97th AVE in Portland, Oregon. The current tenant in Unit B would like to remain, while the seller may either vacate Unit A or continue occupancy under a 1-year lease, subject to buyer preference. Buyer to verify permitted use, bedroom and bathroom counts, rental potential, and other property details.
Unit B contains 2 bedrooms, 1 bathroom, a 1-car garage, and separate storage. The property is located at 5315 SE 97th AVE in Portland, Oregon. The current tenant in Unit B would like to remain, while the seller may either vacate Unit A or continue occupancy under a 1-year lease, subject to buyer preference. Buyer to verify permitted use, bedroom and bathroom counts, rental potential, and other property details.
Key Highlights
- 3,125‑square‑foot duplex built in 2007
- Unit A includes 3 bedrooms, 2.1 bathrooms, and a 2‑car garage
- Lower‑level suite offers 2 bedrooms, 1 bathroom, kitchen area, laundry, and living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,549
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,980
$871.0K
Cap Rate 7%
$622,129
$622.1K
Cap Rate 9%
$483,878
$483.9K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$65.6K $21.00/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$62.2K $19.91/SF
− OpEx
−$18.7K −$5.97/SF
NOI
$43.5K $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%
$870,980
Cap Rate 7%
$622,129
Cap Rate 9%
$483,878
Alternative Uses
Best Use
Multifamily LT 5
$622.1K
$544.4K – $725.8K
NOI $43,549 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$573.2K
$501.6K – $668.8K
NOI $40,125 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$877.6K
$767.9K – $1.02M
NOI $61,430 @ 7.0% cap · market cap 8.84%
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
579
Businesses Nearby
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Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, OR
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide updated interiors, private garages, storage, and additional lower-level living space.
Where is this duplex located?
The property is located at 5315 SE 97th AVE Portland, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,125‑square‑foot duplex built in 2007; Unit A includes 3 bedrooms, 2.1 bathrooms, and a 2‑car garage; Lower‑level suite offers 2 bedrooms, 1 bathroom, kitchen area, laundry, and living space
