Scandinavian-Modern
For Sale
$1,175,000
5934 NE 16TH AVE, Portland, OR 97211
Two independent residences offer private outdoor areas, premium finishes, and flexible living or rental arrangements.
Property Size2,767 SF
Days on Market96
Property Features for 5934 NE 16TH AVE
General Information
Standard status
Active
Size
2,767 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Vernon
Taxes and HOA fees
Annual Taxes
$11,371
Building Details
Building Size
2,767 SF
Year Built
2017
Construction
Scandinavian-modern farmhouse
Listing Agency:
Cascade Hasson Sotheby's International Realty
Listed By:
Mark Graalum
(503) 250-1982
Source:
Currangrouprealtors
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 1 at 2:29PM
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 Cascade Hasson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Completed in 2017, this duplex pairs a primary residence with a separate two-story accessory dwelling unit. The main home includes three bedrooms and 2.5 baths, polished concrete flooring, high ceilings, smooth-coat walls, Pella casement windows, a gas fireplace, and a kitchen equipped with Pental Quartz, soft-close cabinetry, and Miele, Bosch, and KitchenAid appliances. Upstairs are a vaulted primary suite, radiant-heated bathroom floors, a dual shower, soaking tub, and laundry area. A covered patio adds a second gas fireplace and built-in spa beside the fenced private yard.
The 924-square-foot ADU contains two bedrooms and 1.5 baths, with comparable finishes, a separate electric meter, and its own secluded yard. It is leased through December and was previously used as a nightly rental. The main residence has a 4.98 AirBnB rating. Podnah's BBQ, HatYai, coffee shops, pubs, Alberta Park, and the Alberta Arts District are nearby, with access to downtown and PDX International Airport.
The 924-square-foot ADU contains two bedrooms and 1.5 baths, with comparable finishes, a separate electric meter, and its own secluded yard. It is leased through December and was previously used as a nightly rental. The main residence has a 4.98 AirBnB rating. Podnah's BBQ, HatYai, coffee shops, pubs, Alberta Park, and the Alberta Arts District are nearby, with access to downtown and PDX International Airport.
Key Highlights
- Two residences: a 3‑bedroom, 2.5‑bath main home plus a 2‑bedroom, 1.5‑bath ADU
- Two‑story, 924‑square‑foot ADU with its own electric meter and private yard
- Main residence features a covered patio, gas fireplace, built‑in spa, and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,560
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,200
$771.2K
Cap Rate 7%
$550,857
$550.9K
Cap Rate 9%
$428,444
$428.4K
Market Conditions
NOI Build-Up for 2,767 SF
Gross rent
$58.1K $21.00/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$55.1K $19.91/SF
− OpEx
−$16.5K −$5.97/SF
NOI
$38.6K $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%
$771,200
Cap Rate 7%
$550,857
Cap Rate 9%
$428,444
Alternative Uses
Best Use
Multifamily LT 5
$550.9K
$482.0K – $642.7K
NOI $38,560 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$507.5K
$444.1K – $592.1K
NOI $35,528 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$777.0K
$679.9K – $906.6K
NOI $54,393 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
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Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
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 - Two independent residences offer private outdoor areas, premium finishes, and flexible living or rental arrangements.
Where is this duplex located?
The property is located at 5934 NE 16TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 2.5‑bath main home plus a 2‑bedroom, 1.5‑bath ADU; Two‑story, 924‑square‑foot ADU with its own electric meter and private yard; Main residence features a covered patio, gas fireplace, built‑in spa, and fenced yard
