Two-Unit Duplex with
New
For Sale
$643,000
7626 NE Beech ST, Portland, OR 97213
Mirrored residences each include a full basement, hardwood flooring, and a private one-car garage.
Property Size1,768 SF
Price / SF$363.69
Days on Market4
Property Features for 7626 NE Beech ST
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Roseway
Units
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$44,400
Tenant in Place
Yes
Amenities
full basement
fireplace
hardwood floors
Building Details
Year Built
1962
Tenancy
Multi
Listing Agency:
Refind LLC
Listed By:
Linnea Kittrell
(541) 556-5292
Source:
Oregonrealestateadvisors
Added: Nov 3
Last Checked: Nov 4 at 1:03PM
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 Refind LLC
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Investment Insights
Based on property information with market context.
Built in 1962, this side-by-side duplex comprises two mirrored residences, each with 1,768 square feet that includes a full basement. Hardwood floors and a fireplace in each unit add to the interior features, and each residence has its own one-car garage. The roof is approximately eight years old.
The property has tenants with reported tenancies of 11 years and 3 years.
The property has tenants with reported tenancies of 11 years and 3 years.
Key Highlights
- Two mirrored units, each with 1,768 SF including a full basement
- One‑car garage assigned to each residence
- Hardwood floors and a fireplace in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,638
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,760
$492.8K
Cap Rate 7%
$351,971
$352.0K
Cap Rate 9%
$273,756
$273.8K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$37.1K $21.00/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$35.2K $19.91/SF
− OpEx
−$10.6K −$5.97/SF
NOI
$24.6K $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%
$492,760
Cap Rate 7%
$351,971
Cap Rate 9%
$273,756
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.6K
NOI $24,638 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$324.3K
$283.8K – $378.4K
NOI $22,701 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$496.5K
$434.4K – $579.3K
NOI $34,755 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Mirrored residences each include a full basement, hardwood flooring, and a private one-car garage.
Where is this duplex located?
The property is located at 7626 NE Beech ST Portland, OR.
What is the asking price?
The asking price for this property is $643,000.
What are key features of this property?
This property features: Two mirrored units, each with 1,768 SF including a full basement; One‑car garage assigned to each residence; Hardwood floors and a fireplace in each unit
