Updated Duplex with ADU
5816 S CORBETT Ave Portland, OR 97239
For Sale
$889,000
MULTI_FAMILY - Portland, OR
Property Size3,182 SF
Lot Size0.12 Acres
Price / SF$279.38
Days on Market98
Property Features for 5816 S CORBETT Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Standard status
Active
APN
R173331
Size
3,182 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
GREENS ADD, BLOCK 7, LOT 11
Tax Annual Amount
9211
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1905
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Lawrence Burkett
(503) 680-3018
Added: Apr 24
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 368751084
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated duplex features improvements throughout, including hardwood floors, a gas fireplace with floor-to-ceiling surround in the living room, and a gourmet kitchen with granite, tile, a peninsula, and stainless appliances. The upper level offers two bedrooms and a spa-like primary suite with hardwood floors, a sitting area, walk-in closet, and private balcony, plus an attached bath with tile, granite, steam shower, and heated floors.
The lower level includes a large family room, a full bathroom, a utility room, and wine storage. The detached extra-deep garage with above ADU was permitted and built in 2017; the ADU is not currently rented. The property is fenced, gated, and professionally landscaped with lighting, and the garage includes an EV outlet and can accommodate both boat and vehicle parking.
The home is located in walkable Johns Landing, with shopping, restaurants, and recreational opportunities near Willamette Park, and access to Portland’s 10-mile waterfront bike path connecting to neighborhood walking trails. The listing notes an “unheard of” 9-energy score and proximity to multiple transportation options, including streetcar, tram, MAX, bus, and freeways.
The lower level includes a large family room, a full bathroom, a utility room, and wine storage. The detached extra-deep garage with above ADU was permitted and built in 2017; the ADU is not currently rented. The property is fenced, gated, and professionally landscaped with lighting, and the garage includes an EV outlet and can accommodate both boat and vehicle parking.
The home is located in walkable Johns Landing, with shopping, restaurants, and recreational opportunities near Willamette Park, and access to Portland’s 10-mile waterfront bike path connecting to neighborhood walking trails. The listing notes an “unheard of” 9-energy score and proximity to multiple transportation options, including streetcar, tram, MAX, bus, and freeways.
Key Highlights
- Built in 1905 with forced air heating and central air cooling; composition roof.
- Living room features a floor‑to‑ceiling gas fireplace, with hardwood floors throughout.
- Gourmet kitchen with granite and tile finishes, peninsula, and stainless appliances.
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 | $66.8k | $21.00 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $63.3k | $19.91 |
| − OpEx | −$19.0k | −$5.97 |
| NOI | $44.3k | $13.94 |
3,182 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.5K
$554.3K – $739.1K
NOI $44,343 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$583.7K
$510.7K – $681.0K
NOI $40,857 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$893.6K
$781.9K – $1.04M
NOI $62,551 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with a permitted 2017 above-ADU garage, fenced and gated grounds, and energy-efficient systems.
Where is this duplex located?
The property is located at 5816 S CORBETT Ave Portland, OR.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Built in 1905 with forced air heating and central air cooling; composition roof.; Living room features a floor‑to‑ceiling gas fireplace, with hardwood floors throughout.; Gourmet kitchen with granite and tile finishes, peninsula, and stainless appliances.
