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Duplex With Updated Interiors
For Sale
$529,900

7040 N LOMBARD ST, Portland, OR 97203

New roof, fresh interior updates, and both units include gas heat and appliances.

Days on Market63

Property Features for 7040 N LOMBARD ST

General Information

Standard status Active
Property subtype MULTI_FAMILY
Zoning CG

Additional Details

Utilities to Site Yes
Multifamily Units 2

Amenities

gas fireplace

Building Details

Year Built 1922
Buildings 2
Listing Agency: John L. Scott
Listed By: Jeffrey Whiting · License #200104241
Source: Currangrouprealtors
Added: Jun 2 Changed: Jul 30 Last Checked: Aug 2 at 11:53AM

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 John L. Scott

Investment Insights

Based on property information with market context.

This duplex includes two separate houses with several recent updates. The main house features LVP flooring throughout the main areas, fresh carpet in both bedrooms, and fresh interior paint. It also has a gas fireplace in the living room. Heating and hot water are supported by forced air gas heat and a gas water heater, and the main house includes a washer, dryer, refrigerator, and dishwasher.

The smaller house includes hardwood flooring in the main living area and carpet in the bedroom. Both units have gas heat and a gas water heater, and each unit comes with a washer, dryer, refrigerator, and a free-standing range.

The property was built in 1922 and is zoned Neighborhood CG. A new roof has been installed on both buildings.

Key Highlights

  • New roof on both buildings
  • Both units have gas heat and gas water heater
  • Main house: gas fireplace plus LVP flooring and fresh interior paint

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

Demographics for 97203, OR

33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - New roof, fresh interior updates, and both units include gas heat and appliances.
Where is this duplex located?
The property is located at 7040 N LOMBARD ST Portland, OR.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: New roof on both buildings; Both units have gas heat and gas water heater; Main house: gas fireplace plus LVP flooring and fresh interior paint
More about this property
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