Remodeled
For Sale
$999,000
Pending
5845 Northeast Prescott Street, Portland, OR 97218
R7H-zoned property with two updated residential units and a concrete perimeter foundation.
Property Size2,700 SF
Days on Market221
Property Features for 5845 Northeast Prescott Street
General Information
Standard status
Pending
Size
2,700 SF
Total Parking Spaces
4
Property subtype
Multi Family
Zoning
R7H
Taxes and HOA fees
Annual Taxes
$6,092
Amenities
2
Unfinished
Concrete Perimeter
Composition, Shingle
Wood Composite, Wood Siding
Building Details
Year Built
1938
Listing Agency:
Epique Realty
Listed By:
Paul Campbell · License #200703296
(503) 307-0769
Source:
Compass
Added: Mar 10
Changed: Oct 9
Last Checked: Oct 15 at 1:31AM
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 Epique Realty
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Investment Insights
Based on property information with market context.
Located at 5845 Northeast Prescott Street in Portland, Oregon, this duplex contains two updated residential units within a 2,700-square-foot building. The property dates to 1938 and has been remodeled, providing refreshed interiors while retaining a concrete perimeter foundation and unfinished areas.
The exterior combines composition shingle elements with wood composite and wood siding. R7H zoning applies to the property. Any additional development possibilities require buyer due diligence.
The exterior combines composition shingle elements with wood composite and wood siding. R7H zoning applies to the property. Any additional development possibilities require buyer due diligence.
Key Highlights
- Two updated residential units
- 2,700‑square‑foot duplex building
- R7H zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,626
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,520
$752.5K
Cap Rate 7%
$537,514
$537.5K
Cap Rate 9%
$418,067
$418.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$56.7K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$53.8K $19.91/SF
− OpEx
−$16.1K −$5.97/SF
NOI
$37.6K $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%
$752,520
Cap Rate 7%
$537,514
Cap Rate 9%
$418,067
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.3K – $627.1K
NOI $37,626 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.8K
NOI $34,668 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$758.2K
$663.5K – $884.6K
NOI $53,076 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
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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 - R7H-zoned property with two updated residential units and a concrete perimeter foundation.
Where is this duplex located?
The property is located at 5845 Northeast Prescott Street Portland, OR.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two updated residential units; 2,700‑square‑foot duplex building; R7H zoning
