Updated Duplex with
New
For Sale
$695,000
5315 SE 97th AVE, Portland, OR 97266
Two separate residences provide updated interiors, private garages, storage, and additional lower-level living space.
Property Size3,125 SF
Price / SF$222.40
Days on Market4
Property Features for 5315 SE 97th AVE
General Information
Standard status
Active
Size
3,125 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Nw Homes And Land LLC
Listed By:
Vicki Gile
(503) 539-5944
Source:
Gilegroup
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 21 at 6:06AM
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 Nw Homes And Land LLC
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
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
Vacancy Rate% for Multifamily in West region
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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
