Updated Duplex with Detached
5816 S CORBETT Ave, Portland, OR 97239
For Sale
$889,000
MultiFamily, Portland, OR
Property Size3,182 SF
Lot Size0.12 Acres
Price / SF$279.38
Days on Market205
Property Features for 5816 S CORBETT Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
fire pit
water feature
gated
EV outlet
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Lawrence Burkett
(503) 680-3018
Added: Apr 24
Changed: Oct 25
Last Checked: Nov 14 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.
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Investment Insights
Based on property information with market context.
This 3,182-square-foot duplex property includes an updated primary residence and a detached, extra-deep garage with an above-garage ADU permitted and built in 2017. The main home offers four bedrooms and four bathrooms, hardwood flooring, a gas fireplace, a granite-finished kitchen with stainless appliances, and a primary suite with a steam shower, heated floors, and private balcony. Additional features include central air, forced-air heating, a tankless water heater, central vacuum, and lower-level family space with wine storage.
The 0.12-acre property is fully fenced and gated, with professional landscaping, stone and stamped-concrete patios, a fire pit, water feature, planters, and exterior lighting. The garage includes an EV outlet and space for a boat and vehicle. Located at 5816 S CORBETT Ave in Portland’s Johns Landing area, the property is near shopping, restaurants, Willamette Park, waterfront biking, public transportation, and freeway access. The ADU has a history of long-term Airbnb use and is not currently rented.
The 0.12-acre property is fully fenced and gated, with professional landscaping, stone and stamped-concrete patios, a fire pit, water feature, planters, and exterior lighting. The garage includes an EV outlet and space for a boat and vehicle. Located at 5816 S CORBETT Ave in Portland’s Johns Landing area, the property is near shopping, restaurants, Willamette Park, waterfront biking, public transportation, and freeway access. The ADU has a history of long-term Airbnb use and is not currently rented.
Key Highlights
- 3,182 SF property on a 0.12‑acre lot
- Permitted ADU above detached garage built in 2017
- Four bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,343
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,860
$886.9K
Cap Rate 7%
$633,471
$633.5K
Cap Rate 9%
$492,700
$492.7K
Market Conditions
NOI Build-Up for 3,182 SF
Gross rent
$66.8K $21.00/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$63.3K $19.91/SF
− OpEx
−$19.0K −$5.97/SF
NOI
$44.3K $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%
$886,860
Cap Rate 7%
$633,471
Cap Rate 9%
$492,700
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.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
Explore this area
Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
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Market
Average Price Trend$/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 - Energy-efficient residential property with a permitted ADU, landscaped grounds, and flexible living space in Johns Landing.
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: 3,182 SF property on a 0.12‑acre lot; Permitted ADU above detached garage built in 2017; Four bedrooms and four bathrooms
