Single-Level Duplex with
For Sale
$375,000
6421 SE 58TH AVE SE, Portland, OR 97206
Two tenant-occupied units include in-unit laundry and separate off-street parking.
Property Size1,877 SF
Days on Market214
Property Features for 6421 SE 58TH AVE SE
General Information
Standard status
Active
Size
1,877 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,747
Amenities
in-unit washer and dryer
off-street parking
garage
carport
Building Details
Building Size
1,877 SF
Year Built
1971
Stories
1
Tenancy
Multi
Listing Agency:
Real Broker
(503) 887-7526
Listed By:
Mike Rushing · License #201210911
(503) 887-7526
Source:
Eleeterealestate
Added: Jan 22
Changed: Aug 24
Last Checked: Aug 23 at 8:40AM
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 Real Broker
Investment Insights
Based on property information with market context.
Built in 1971, this single-level duplex contains two residences, each with 2 bedrooms and 1 bathroom. Both units have in-unit washer and dryer connections or equipment, along with separate off-street parking. The front residence includes an attached one-car garage, while the rear residence is served by a carport with alley access.
The property is located near the Woodstock Blvd commercial district in Southeast Portland. Both residences are currently occupied under month-to-month tenancies and will transfer subject to those existing agreements. The configuration provides two independent living spaces with distinct parking arrangements and convenient laundry amenities.
The property is located near the Woodstock Blvd commercial district in Southeast Portland. Both residences are currently occupied under month-to-month tenancies and will transfer subject to those existing agreements. The configuration provides two independent living spaces with distinct parking arrangements and convenient laundry amenities.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- Single‑level layout with in‑unit washer and dryer in both units
- Front unit includes an attached one‑car garage
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
$27,564
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
7.35%
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%
$551,280
$551.3K
Cap Rate 7%
$393,771
$393.8K
Cap Rate 9%
$306,267
$306.3K
Market Conditions
NOI Build-Up for 1,877 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
$41.7K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$39.4K $20.98/SF
− OpEx
−$11.8K −$6.29/SF
NOI
$27.6K $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 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%
$551,280
Cap Rate 7%
$393,771
Cap Rate 9%
$306,267
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.4K
NOI $27,564 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$353.1K
$308.9K – $411.9K
NOI $24,714 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$527.1K
$461.2K – $615.0K
NOI $36,898 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
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
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 - Two tenant-occupied units include in-unit laundry and separate off-street parking.
Where is this duplex located?
The property is located at 6421 SE 58TH AVE SE Portland, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; Single‑level layout with in‑unit washer and dryer in both units; Front unit includes an attached one‑car garage
