Duplex With Attached
For Sale
$550,000
7502 N Williams AVE, Portland, OR 97217
Two-bedroom units, attached garages, and owner-occupant potential support flexible residential income use.
Property Size1,872 SF
Price / SF$293.80
Days on Market8
Property Features for 7502 N Williams AVE
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,268
Building Details
Building Size
1,872 SF
Year Built
2003
Buildings
1
Listing Agency:
Cooper Realty LLC
(503) 515-8426
Listed By:
Ernest Cooper · License #990700153
(503) 515-8426
Source:
Eleeterealestate
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 6 at 4:40AM
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 Cooper Realty LLC
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains two residences measuring approximately 936 square feet each, for 1,872 SF total. Both units offer 2 bedrooms, 1 bath, an attached garage, and functional layouts suited to everyday living. Vinyl siding and easy-care landscaping contribute to a low-maintenance exterior. One unit provides direct access from the garage into the home and is oriented away from Lombard Avenue.
The property is located on the bus line and near MAX Light Rail, Fred Meyer, New Seasons Market, the Williams Corridor, Mississippi Avenue, and restaurants, cafes, breweries, and boutiques along Fremont. Downtown Portland, St. Johns, and Portland International Airport are also accessible from the property.
The duplex supports an owner-occupant arrangement, with the potential to live in one residence while leasing the other. Its two-unit configuration also accommodates traditional multifamily ownership.
The property is located on the bus line and near MAX Light Rail, Fred Meyer, New Seasons Market, the Williams Corridor, Mississippi Avenue, and restaurants, cafes, breweries, and boutiques along Fremont. Downtown Portland, St. Johns, and Portland International Airport are also accessible from the property.
The duplex supports an owner-occupant arrangement, with the potential to live in one residence while leasing the other. Its two-unit configuration also accommodates traditional multifamily ownership.
Key Highlights
- Two 2 Bedroom / 1 Bath units
- 936 SF per unit; 1,872 SF total
- Built in 2003
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
$26,087
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
4.74%
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%
$521,740
$521.7K
Cap Rate 7%
$372,671
$372.7K
Cap Rate 9%
$289,856
$289.9K
Market Conditions
NOI Build-Up for 1,872 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
$39.3K $21.00/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$37.3K $19.91/SF
− OpEx
−$11.2K −$5.97/SF
NOI
$26.1K $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 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%
$521,740
Cap Rate 7%
$372,671
Cap Rate 9%
$289,856
Alternative Uses
Best Use
Multifamily LT 5
$372.7K
$326.1K – $434.8K
NOI $26,087 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$343.4K
$300.5K – $400.6K
NOI $24,036 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$525.7K
$460.0K – $613.3K
NOI $36,799 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
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-bedroom units, attached garages, and owner-occupant potential support flexible residential income use.
Where is this duplex located?
The property is located at 7502 N Williams AVE Portland, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 2 Bedroom / 1 Bath units; 936 SF per unit; 1,872 SF total; Built in 2003
