Two-Unit
6408 Se Lambert St, Portland, OR 97206
For Sale
$649,000
Both residences have three-bedroom, two-bath layouts, with hardwood floors and access to outdoor space.
Property Size2,368 SF
Price / SF$274.07
Days on Market13
Property Features for 6408 Se Lambert St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Amenities
hardwood floors
forced-air heat
wood deck
patio
dishwasher
disposal
refrigerator
washer and dryer
Building Details
Year Built
Buildings
Listing Agency:
Savi Realty, Inc.
Listed By:
Gabe Terreson
(360) 993-5800
Source:
Portlandoregonhomelistings
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:48AM
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 Savi Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 2014, this 2,368-square-foot duplex contains two residences, each with three bedrooms and two full bathrooms. Interior features include hardwood flooring and forced-air heat; the property also has a wood deck and patio. Appliances include a dishwasher, disposal, refrigerator, washer, and dryer.
The property is in Portland’s Brentwood-Darlington area, within walking distance of Brentwood Park, a 14-acre public park. Woodstock Boulevard’s shops, cafes, and New Seasons Market are nearby, as are Reed College, Crystal Springs Rhododendron Garden, and Mt. Scott Community Center. Foster Road, I-205, and downtown Portland are accessible from the property.
The property is in Portland’s Brentwood-Darlington area, within walking distance of Brentwood Park, a 14-acre public park. Woodstock Boulevard’s shops, cafes, and New Seasons Market are nearby, as are Reed College, Crystal Springs Rhododendron Garden, and Mt. Scott Community Center. Foster Road, I-205, and downtown Portland are accessible from the property.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full baths
- 2,368 square feet; built in 2014
- Hardwood floors and forced‑air heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,775
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,500
$695.5K
Cap Rate 7%
$496,786
$496.8K
Cap Rate 9%
$386,389
$386.4K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$52.6K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$49.7K $20.98/SF
− OpEx
−$14.9K −$6.29/SF
NOI
$34.8K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,500
Cap Rate 7%
$496,786
Cap Rate 9%
$386,389
Alternative Uses
Best Use
Multifamily LT 5
$496.8K
$434.7K – $579.6K
NOI $34,775 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$445.4K
$389.7K – $519.7K
NOI $31,179 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$665.0K
$581.9K – $775.8K
NOI $46,549 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences have three-bedroom, two-bath layouts, with hardwood floors and access to outdoor space.
Where is this duplex located?
The property is located at 6408 Se Lambert St Portland, OR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full baths; 2,368 square feet; built in 2014; Hardwood floors and forced‑air heat
