Duplex with Detached
For Sale
$850,000
5545 N Harvard St, Portland, OR 97203
A separate two-level accessory dwelling unit provides additional living space alongside the primary residence.
Property Size3,026 SF
Price / SF$280.90
Days on Market14
Property Features for 5545 N Harvard St
General Information
Standard status
Active
Size
3,026 SF
Property subtype
MultiFamily
Zoning
R5
Site & Location
Neighborhood
Portsmouth
Units
Unit Mix
1 x 4BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,959
Amenities
gas fireplace
central air
walk-in pantry
laundry room
mini-split systems
parking pad
covered patio
hot tub
outdoor TV
oversized back yard
CrawlSpace
Electricity,Gas
UnitTypeType1,UnitTypeType2
4
2
AirConditioning,Fireplace,Refrigerator,WasherDryer
AirConditioning,Dishwasher,Refrigerator,WasherDryer
3
1
1750
Level
PublicWater
660x1100
0.17
ConcretePerimeter,Slab
3026.0
CementSiding,Other,WoodSiding
Building Details
Building Size
3,026 SF
Year Built
2012
Buildings
2
Stories
2
Listing Agency:
(503) 755-9493
Listed By:
Adriana Focke
Source:
Checkpoint-realty
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 31 at 3:11AM
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 Adriana Focke
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Investment Insights
Based on property information with market context.
Built in 2012, this R5-zoned duplex property includes a 4-bedroom primary home and a detached, two-level ADU with 2 bedrooms. The 3,026-square-foot property also features central air conditioning, gas fireplaces, and a covered patio. The ADU has a mini-split system, eat-in kitchen, and alley access with a parking pad.
The 0.17-acre property is located blocks from the University of Portland. A backyard and covered patio with a hot tub and mounted outdoor TV add outdoor amenities.
The 0.17-acre property is located blocks from the University of Portland. A backyard and covered patio with a hot tub and mounted outdoor TV add outdoor amenities.
Key Highlights
- Primary residence with 4 bedrooms and detached 2‑bedroom ADU
- 3,026 square feet on a 0.17‑acre lot
- Detached ADU spans two levels and has alley access and a parking pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,169
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,380
$843.4K
Cap Rate 7%
$602,414
$602.4K
Cap Rate 9%
$468,544
$468.5K
Market Conditions
NOI Build-Up for 3,026 SF
Gross rent
$63.5K $21.00/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$60.2K $19.91/SF
− OpEx
−$18.1K −$5.97/SF
NOI
$42.2K $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%
$843,380
Cap Rate 7%
$602,414
Cap Rate 9%
$468,544
Alternative Uses
Best Use
Multifamily LT 5
$602.4K
$527.1K – $702.8K
NOI $42,169 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$555.1K
$485.7K – $647.6K
NOI $38,854 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$849.8K
$743.6K – $991.4K
NOI $59,484 @ 7.0% cap · market cap 7.00%
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
444
Businesses Nearby
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Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A separate two-level accessory dwelling unit provides additional living space alongside the primary residence.
Where is this duplex located?
The property is located at 5545 N Harvard St Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Primary residence with 4 bedrooms and detached 2‑bedroom ADU; 3,026 square feet on a 0.17‑acre lot; Detached ADU spans two levels and has alley access and a parking pad
