Duplex with Fenced
For Sale
$469,000
5630 SE 88th Ave, Portland, OR 97266
Two occupied units offer separate outdoor space, in-unit laundry, and off-street parking.
Property Size1,560 SF
Price / SF$300.64
Days on Market85
Property Features for 5630 SE 88th Ave
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1968
Tenancy
Multi
Listing Agency:
Neighbors Realty
Listed By:
Erin Monahan
(503) 454-6911
Source:
Apexgroupnw
Added: Jul 23
Changed: Oct 7
Last Checked: Oct 7 at 4:32PM
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 Neighbors Realty
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Investment Insights
Based on property information with market context.
This duplex contains two fully occupied units and has been professionally managed since 2012. The front residence, identified as 5630, features refreshed interior paint, an updated tub, newer carpet and refrigerator, a private fenced yard, and in-unit washer and dryer. The rear residence, identified as 5632, has an established rental history.
Exterior improvements include new paint, fencing, and landscaping completed in May 2026. Off-street parking serves both units. The property is near Lents Park, cafes, breweries, grocery stores, and the renovated Holgate Library, with access to I-205. Its residential income configuration also supports an owner-occupied arrangement.
Exterior improvements include new paint, fencing, and landscaping completed in May 2026. Off-street parking serves both units. The property is near Lents Park, cafes, breweries, grocery stores, and the renovated Holgate Library, with access to I-205. Its residential income configuration also supports an owner-occupied arrangement.
Key Highlights
- Two fully occupied units with established rental history
- Professionally managed since 2012
- Front unit includes a fenced yard and in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,740
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,800
$434.8K
Cap Rate 7%
$310,571
$310.6K
Cap Rate 9%
$241,556
$241.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$32.8K $21.00/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$31.1K $19.91/SF
− OpEx
−$9.3K −$5.97/SF
NOI
$21.7K $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%
$434,800
Cap Rate 7%
$310,571
Cap Rate 9%
$241,556
Alternative Uses
Best Use
Multifamily LT 5
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer separate outdoor space, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 5630 SE 88th Ave Portland, OR.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two fully occupied units with established rental history; Professionally managed since 2012; Front unit includes a fenced yard and in‑unit washer/dryer
