Duplex With Detached
For Sale
$599,000
Pending
6626 SE 85TH AVE, Portland, OR 97266
A permitted second dwelling supports rental, guest, office, or multigenerational living arrangements.
Property Size1,476 SF
Days on Market77
Property Features for 6626 SE 85TH AVE
General Information
Standard status
Pending
Size
1,476 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,300
Amenities
garden
front porch
vaulted ceilings
skylight
tool shed
Building Details
Building Size
1,476 SF
Year Built
1910
Buildings
2
Listing Agency:
Portland Proper Real Estate
Listed By:
Andrea Langen
(503) 890-0609
Source:
Eleeterealestate
Added: Jul 23
Changed: Sep 26
Last Checked: Oct 5 at 10:37PM
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 Portland Proper Real Estate
Investment Insights
Based on property information with market context.
Located at 6626 SE 85th Ave, this R5-zoned duplex combines a 2-bedroom, 1-bath main residence with a detached 1-bedroom, 1-bath ADU. The primary home dates to 1910 and retains period character alongside updated finishes, including refreshed interiors, fir flooring, newer windows and a front door installed in 2021. Its kitchen was redesigned in 2024 with new cabinetry, updated surfaces, and upgraded appliances. A vaulted sitting room with a skylight, pantry, laundry area, front porch, and additional crawl-space storage complete the main dwelling.
Built in 2016, the fully permitted ADU functions as a separate second home with vaulted ceilings, oversized windows, a dedicated bedroom, full bathroom, and its own washer and dryer. Both residences share a landscaped garden with mature greenery and drought-tolerant plantings. The property also includes a backyard tool shed, two washer and dryer sets, and furnishings in the rear unit.
Built in 2016, the fully permitted ADU functions as a separate second home with vaulted ceilings, oversized windows, a dedicated bedroom, full bathroom, and its own washer and dryer. Both residences share a landscaped garden with mature greenery and drought-tolerant plantings. The property also includes a backyard tool shed, two washer and dryer sets, and furnishings in the rear unit.
Key Highlights
- 2‑bedroom, 1‑bath main home paired with a detached 1‑bedroom, 1‑bath ADU
- Fully permitted ADU built in 2016
- 1910 main residence with updated windows and front door installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,569
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,380
$411.4K
Cap Rate 7%
$293,843
$293.8K
Cap Rate 9%
$228,544
$228.5K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$31.0K $21.00/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$29.4K $19.91/SF
− OpEx
−$8.8K −$5.97/SF
NOI
$20.6K $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%
$411,380
Cap Rate 7%
$293,843
Cap Rate 9%
$228,544
Alternative Uses
Best Use
Multifamily LT 5
$293.8K
$257.1K – $342.8K
NOI $20,569 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$270.7K
$236.9K – $315.9K
NOI $18,952 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$414.5K
$362.7K – $483.6K
NOI $29,015 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
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Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - A permitted second dwelling supports rental, guest, office, or multigenerational living arrangements.
Where is this duplex located?
The property is located at 6626 SE 85TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath main home paired with a detached 1‑bedroom, 1‑bath ADU; Fully permitted ADU built in 2016; 1910 main residence with updated windows and front door installed in 2021
