New Construction
New
For Sale
$1,039,900
7252 SW 1st Ave, Portland, OR 97219
MultiFamily, Portland, OR
Property Size2,540 SF
Lot Size0.10 Acres
Price / SF$409.41
Days on Market5
Property Features for 7252 SW 1st Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R5
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3
Subdivision
SOUTH PORTLAND
Elementary school
Rieke
Middle school
Robert Gray
High school
Ida B Wells
Directions
Barbur Blvd, east on SW Miles St, north on SW 1st Ave to property
Standard status
Active
APN
R732659
Size
2,540 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
CORBETT TERR RPLT, BLOCK 1, LOT 8 EXC S 5'
Legal Description
CORBETT TERR RPLT, BLOCK 1, LOT 8 EXC S 5'
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
fenced backyard
covered patio
individual laundry areas
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 28 at 6:06PM
MLS# 691525774
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex comprises two matching residences totaling 2,540 square feet on a 0.1-acre parcel. Together, the homes offer 6 bedrooms and 6 full bathrooms, with each residence arranged as a three-bedroom, three-bath floor plan. Each unit includes a main-level bedroom and full bath, open living, dining, and kitchen areas, an upstairs primary suite, an additional upstairs bedroom, and a full hall bath. Interior specifications include shaker cabinets, slab countertops, full-height kitchen backsplashes, stainless steel Whirlpool appliances, black fixtures, and detailed millwork.
Both residences have separate street addresses, individual laundry areas, heat-pump heating and cooling, driveways or parking pads, fenced backyards, covered patios, and low-maintenance landscaping. The property is zoned R5 and is located in South Portland 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.
Both residences have separate street addresses, individual laundry areas, heat-pump heating and cooling, driveways or parking pads, fenced backyards, covered patios, and low-maintenance landscaping. The property is zoned R5 and is located in South Portland 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 residences totaling 2,540 square feet on a 0.1‑acre parcel
- 6 bedrooms and 6 full bathrooms across two matching homes
- Each residence includes 3 bedrooms and 3 bathrooms
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
564
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 separately addressed residences provide private outdoor space and flexible owner-occupant or rental use.
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 residences totaling 2,540 square feet on a 0.1‑acre parcel; 6 bedrooms and 6 full bathrooms across two matching homes; Each residence includes 3 bedrooms and 3 bathrooms
