New Construction Duplex
New
For Sale
$1,039,900
7252 SW 1st AVE, Portland, OR 97219
Two matching homes provide separate addresses, private outdoor areas, and flexible owner-occupant or rental arrangements.
Property Size2,540 SF
Price / SF$409.41
Days on Market6
Property Features for 7252 SW 1st AVE
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
minisplit heating and cooling
individual laundry areas
fenced backyard
covered patio
Building Details
Year Built
2026
Buildings
2
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 966-4371
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 4:29PM
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.
Completed in 2026, this duplex offering combines two matching residences totaling 2,540 square feet. Each home includes 3 bedrooms and 3 full bathrooms, with a bedroom and full bath on the main level, open kitchen, dining, and living areas, plus two bedrooms and a full hall bath upstairs. The upper-level primary suite adds separation within each residence.
Interior finishes include shaker-style cabinetry, slab countertops, full-height kitchen backsplashes, stainless steel Whirlpool appliances, black fixtures, and detailed millwork. Both homes feature mini-split heating and cooling, individual laundry areas, driveway or parking-pad parking, fenced backyards, covered patios, and low-maintenance landscaping. Separate street addresses and no HOA support independent ownership or leasing strategies.
The property is near Fulton Park, Willamette Park, the Willamette Greenway Trail, John's Landing, the Sellwood Bridge, OHSU, Barbur Boulevard, I-5, and downtown Portland. A 2-10 Builder Warranty is included at closing.
Interior finishes include shaker-style cabinetry, slab countertops, full-height kitchen backsplashes, stainless steel Whirlpool appliances, black fixtures, and detailed millwork. Both homes feature mini-split heating and cooling, individual laundry areas, driveway or parking-pad parking, fenced backyards, covered patios, and low-maintenance landscaping. Separate street addresses and no HOA support independent ownership or leasing strategies.
The property is near Fulton Park, Willamette Park, the Willamette Greenway Trail, John's Landing, the Sellwood Bridge, OHSU, Barbur Boulevard, I-5, and downtown Portland. A 2-10 Builder Warranty is included at closing.
Key Highlights
- Two matching residences totaling 2,540 square feet
- Each home offers 3 bedrooms and 3 full bathrooms
- Built in 2026 with a 2‑10 Builder Warranty included at closing
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
$37,301
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
3.59%
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%
$746,020
$746.0K
Cap Rate 7%
$532,871
$532.9K
Cap Rate 9%
$414,456
$414.5K
Market Conditions
NOI Build-Up for 2,540 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
$56.4K $22.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$53.3K $20.98/SF
− OpEx
−$16.0K −$6.29/SF
NOI
$37.3K $14.69/SF
Area
ZIP 97219
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%
$746,020
Cap Rate 7%
$532,871
Cap Rate 9%
$414,456
Alternative Uses
Best Use
Multifamily LT 5
$532.9K
$466.3K – $621.7K
NOI $37,301 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$469.5K
$410.8K – $547.7K
NOI $32,864 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$713.3K
$624.1K – $832.2K
NOI $49,931 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
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 matching homes provide separate addresses, private outdoor areas, and flexible owner-occupant or rental arrangements.
Where is this duplex located?
The property is located at 7252 SW 1st AVE Portland, OR.
What is the asking price?
The asking price for this property is $1,039,900.
What are key features of this property?
This property features: Two matching residences totaling 2,540 square feet; Each home offers 3 bedrooms and 3 full bathrooms; Built in 2026 with a 2‑10 Builder Warranty included at closing
