Duplex with Attached
New
For Sale
$475,000
7404 NE HASSALO St, Portland, OR 97213
MultiFamily, Portland, OR
Property Size1,550 SF
Lot Size0.16 Acres
Price / SF$306.45
Days on Market1
Property Features for 7404 NE HASSALO St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Subdivision
MONTAVILLA
Elementary school
Vestal
Middle school
Harrison Park
High school
Leodis McDaniel
Directions
From Halsey S on 74th L on Hassalo
Standard status
Active
APN
R195997
Size
1,550 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
KENSINGTON, BLOCK 3, LOT 1&2
Tax Annual Amount
4504
Legal Description
KENSINGTON, BLOCK 3, LOT 1&2
Utilities
Heating system
Forced Air
Amenities
washer/dryer
storage
yard
Building Details
Year built
1951
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Jacob Wathen
(541) 525-3412
Added: Oct 9
Last Checked: Oct 9 at 12:06PM
MLS# 507583464
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 1951 duplex contains 1,550 square feet across two vacant residences: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Both units include a washer and dryer, storage, and a yard. An attached garage and on- and off-street parking serve the property. The building has forced-air heating and a composition roof, and its Home Energy Score is 8.
The property occupies a 0.16-acre lot at 7404 NE Hassalo St in Portland. Montavilla shops and restaurants and Mt. Tabor Park are nearby, with access to I-84 also noted. Zoning is R5.
The property occupies a 0.16-acre lot at 7404 NE Hassalo St in Portland. Montavilla shops and restaurants and Mt. Tabor Park are nearby, with access to I-84 also noted. Zoning is R5.
Key Highlights
- Two vacant units: one 1‑bedroom/1‑bathroom residence and one 2‑bedroom/1‑bathroom residence
- 1,550 square feet on a 0.16‑acre lot
- Each residence includes a washer and dryer, storage, and a yard
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.
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own washer and dryer, storage, and yard.
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: Two vacant units: one 1‑bedroom/1‑bathroom residence and one 2‑bedroom/1‑bathroom residence; 1,550 square feet on a 0.16‑acre lot; Each residence includes a washer and dryer, storage, and a yard
