Duplex with Attached
New
For Sale
$749,900
7605 N WOOLSEY Ave, Portland, OR 97203
MultiFamily, Portland, OR
Property Size2,137 SF
Lot Size0.06 Acres
Price / SF$350.91
Days on Market2
Property Features for 7605 N WOOLSEY Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R2.5
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3
Subdivision
PORTSMOUTH
View
Park
Elementary school
Astor
Middle school
Astor
High school
Roosevelt
Directions
From N Lombard St, head north on N Woolsey Ave to 7605 N Woolsey Ave.
Standard status
Active
APN
R730462
Size
2,137 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
UNIVERSITY PK, BLOCK 124, LOT 13
Legal Description
UNIVERSITY PK, BLOCK 124, LOT 13
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
outdoor courtyard
laundry
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: Oct 14
Last Checked: Oct 15 at 12:06PM
MLS# 474001116
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.
Under construction for 2026, this 2,137-square-foot duplex on a 0.06-acre lot combines a three-bedroom main residence with a permitted, attached two-bedroom ADU. Each unit has its own entrance, kitchen, and laundry area. The main home includes an open living, dining, and kitchen space, a main-level primary suite with two closets, two upstairs bedrooms, a full bath, bonus space, and built-in laundry storage. The ADU has living and kitchen areas, a main-level half bath, two upstairs bedrooms, a full bath, and dedicated laundry. Both residences use heat-pump systems for heating and cooling; an outdoor courtyard and a one-year builder warranty are also included.
The property is in Portland’s Portsmouth neighborhood, a few blocks from Columbia Park. Nearby destinations include East Side Deli on N Lombard, New Seasons Market’s University Park location, the University of Portland, and dining and shopping in St. Johns. The reported Walk Score is 73 and Bike Score is 97. Zoning is R2.5.
The property is in Portland’s Portsmouth neighborhood, a few blocks from Columbia Park. Nearby destinations include East Side Deli on N Lombard, New Seasons Market’s University Park location, the University of Portland, and dining and shopping in St. Johns. The reported Walk Score is 73 and Bike Score is 97. Zoning is R2.5.
Key Highlights
- 2,137 square feet on a 0.06‑acre lot
- Three‑bedroom main residence plus permitted attached two‑bedroom ADU
- Separate entrances, kitchens, and laundry areas for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,780
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,600
$595.6K
Cap Rate 7%
$425,429
$425.4K
Cap Rate 9%
$330,889
$330.9K
Market Conditions
NOI Build-Up for 2,137 SF
Gross rent
$44.9K $21.00/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$42.5K $19.91/SF
− OpEx
−$12.8K −$5.97/SF
NOI
$29.8K $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%
$595,600
Cap Rate 7%
$425,429
Cap Rate 9%
$330,889
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.3K – $496.3K
NOI $29,780 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$392.0K
$343.0K – $457.3K
NOI $27,439 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$600.1K
$525.1K – $700.2K
NOI $42,009 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences each have a kitchen and laundry area, supporting distinct household arrangements.
Where is this duplex located?
The property is located at 7605 N WOOLSEY Ave Portland, OR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,137 square feet on a 0.06‑acre lot; Three‑bedroom main residence plus permitted attached two‑bedroom ADU; Separate entrances, kitchens, and laundry areas for both residences
