Duplex with Attached
New
For Sale
$475,000
7404 NE Hassalo ST, Portland, OR 97213
Both residences are vacant and have their own laundry, storage, and yard areas.
Property Size1,550 SF
Price / SF$306.45
Days on Market7
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Property Features for 7404 NE Hassalo ST
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
a little TLC
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
washer/dryer
storage
yard
attached garage
Building Details
Year Built
1951
Listing Agency:
Innovate Real Estate LLC
(503) 892-2976
Listed By:
Donna Roberts
(360) 844-3142
Source:
Donnarobertsgroup
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 14 at 10:29PM
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 Innovate Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,550-square-foot duplex, built in 1951, contains two separate residences: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Each unit has its own washer and dryer, storage, and yard area. An attached garage and on- and off-street parking serve the property. Both units are vacant, and the property has a Home Energy Score of 8.
The property is in northeast Portland, near Montavilla shops and restaurants and Mt. Tabor Park, with access to I-84.
The property is in northeast Portland, near Montavilla shops and restaurants and Mt. Tabor Park, with access to I-84.
Key Highlights
- 1,550 square feet across two residences
- Unit mix: 1 bed/1 bath and 2 bed/1 bath
- Built in 1951; Home Energy Score = 8
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,600
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,000
$432.0K
Cap Rate 7%
$308,571
$308.6K
Cap Rate 9%
$240,000
$240.0K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$32.6K $21.00/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$30.9K $19.91/SF
− OpEx
−$9.3K −$5.97/SF
NOI
$21.6K $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%
$432,000
Cap Rate 7%
$308,571
Cap Rate 9%
$240,000
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.0K – $360.0K
NOI $21,600 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$284.3K
$248.8K – $331.7K
NOI $19,902 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$435.3K
$380.9K – $507.8K
NOI $30,469 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and have their own laundry, storage, and yard areas.
Where is this duplex located?
The property is located at 7404 NE Hassalo ST Portland, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,550 square feet across two residences; Unit mix: 1 bed/1 bath and 2 bed/1 bath; Built in 1951; Home Energy Score = 8
