English Tudor Duplex with Attached
For Sale
$1,200,000
6164 SW Capitol Hwy, Portland, OR 97239
Three-level property with permitted auxiliary living space, historic detailing, modern upgrades, and flexible additional-use areas.
Property Size3,467 SF
Price / SF$346.12
Days on Market116
Property Features for 6164 SW Capitol Hwy
General Information
Standard status
Active
Size
3,467 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
restored mahogany trim
built-ins
hardwood floors
curated lighting
multiple fireplaces
sunroom
granite countertops
gas appliances
island
pantry
soaking tub
walk-in shower
dual sinks
deck
ADU
reclaimed wood cabinetry
concrete countertops
copper accents
heating and cooling system
finished lower level
outdoor kitchen
sauna
RV/boat parking
multiple outbuildings
seasonal creek
Building Details
Year Built
1932
Construction
English Tudor
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 502-3330
Listed By:
Jaimy Beltran · License #200711180
Source:
Thesanchezteamoregon
Added: May 8
Changed: Aug 29
Last Checked: Aug 30 at 8:00PM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This 3,467-square-foot duplex property occupies a tree-lined parcel and combines a 1932 English Tudor structure with an attached ADU permitted in 2021. Historic mahogany trim, built-ins, hardwood floors, fireplaces, and a sunroom remain in place alongside upgraded lighting and finishes. The main residence includes a granite-counter kitchen with gas appliances, island, and pantry, plus a primary suite with a soaking tub, walk-in shower, dual sinks, and deck access. The lower level provides additional finished space, while the ADU has reclaimed wood cabinetry, concrete countertops, copper accents, hardwood flooring, and dedicated heating and cooling.
Exterior improvements include a refreshed stucco facade with cedar accents, copper details, an updated deck with outdoor kitchen and sauna, curated landscaping, RV/boat parking, and multiple outbuildings. The sale includes two additional lots totaling just under an acre, with a seasonal creek. The property is near Hillsdale shops, OHSU, and downtown Portland, and is zoned R7.
Exterior improvements include a refreshed stucco facade with cedar accents, copper details, an updated deck with outdoor kitchen and sauna, curated landscaping, RV/boat parking, and multiple outbuildings. The sale includes two additional lots totaling just under an acre, with a seasonal creek. The property is near Hillsdale shops, OHSU, and downtown Portland, and is zoned R7.
Key Highlights
- 3,467‑square‑foot 1932 English Tudor duplex property
- Attached ADU fully permitted in 2021
- Two additional lots bring the total land area to just under an acre
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,315
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$966,300
$966.3K
Cap Rate 7%
$690,214
$690.2K
Cap Rate 9%
$536,833
$536.8K
Market Conditions
NOI Build-Up for 3,467 SF
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.
Gross rent
$72.8K $21.00/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$69.0K $19.91/SF
− OpEx
−$20.7K −$5.97/SF
NOI
$48.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$966,300
Cap Rate 7%
$690,214
Cap Rate 9%
$536,833
Alternative Uses
Best Use
Multifamily LT 5
$690.2K
$603.9K – $805.3K
NOI $48,315 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$635.9K
$556.5K – $741.9K
NOI $44,516 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$973.6K
$851.9K – $1.14M
NOI $68,153 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
705
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-level property with permitted auxiliary living space, historic detailing, modern upgrades, and flexible additional-use areas.
Where is this duplex located?
The property is located at 6164 SW Capitol Hwy Portland, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,467‑square‑foot 1932 English Tudor duplex property; Attached ADU fully permitted in 2021; Two additional lots bring the total land area to just under an acre
