Updated Single-Level
7661 North Vancouver Avenue Portland, OR 97217
For Sale
$465,000
Move-in ready duplex with two remodeled 2-bedroom units, in-unit laundry hookups, and dedicated off-street parking.
Property Size1,680 SF
Price / SF$276.79
Days on Market82
Property Features for 7661 North Vancouver Avenue
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi Family
Building Details
Year Built
1971
Listing Agency:
Northwest Realty Source
(503) 997-4169
Listed By:
Troy D Doty P.C. · License #200104205
(503) 997-4169
Source:
Compass
Added: May 8
Changed: Jul 10
Last Checked: Jul 27 at 10:59AM
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 Northwest Realty Source
Investment Insights
Based on property information with market context.
This well maintained, single-level duplex includes two separate residential units, each offering a 2-bedroom, 1-bathroom layout. The units have been updated with vinyl windows, luxury vinyl flooring, and remodeled kitchens and bathrooms, creating a move-in ready setup. Fresh exterior paint has also been completed. Both units feature in-unit laundry hookups, and the property provides dedicated off-street parking with space for up to four vehicles.
The property is located at 7661 North Vancouver Avenue in North Portland’s North Piedmont area. According to the seller’s remarks, it is positioned near parks, shopping, and public transportation, with easy freeway access.
The duplex is currently self-managed with month-to-month tenancies, and both units are occupied. For buyers seeking a residential income property with ongoing rental operations, the combination of updated interiors, laundry hookups, and dedicated parking is designed to support day-to-day tenant functionality while keeping the units ready to show to qualified prospects. Please respect tenants and do not disturb.
The property is located at 7661 North Vancouver Avenue in North Portland’s North Piedmont area. According to the seller’s remarks, it is positioned near parks, shopping, and public transportation, with easy freeway access.
The duplex is currently self-managed with month-to-month tenancies, and both units are occupied. For buyers seeking a residential income property with ongoing rental operations, the combination of updated interiors, laundry hookups, and dedicated parking is designed to support day-to-day tenant functionality while keeping the units ready to show to qualified prospects. Please respect tenants and do not disturb.
Key Highlights
- Single‑level duplex built in 1971 with concrete perimeter foundation and crawl space
- Two 2‑bedroom, 1‑bath units with remodeled kitchens and bathrooms
- Upgrades include vinyl windows and luxury vinyl flooring in both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $21.00 |
| − Vacancy | −$1.8k | −$1.09 |
| EGI | $33.4k | $19.91 |
| − OpEx | −$10.0k | −$5.97 |
| NOI | $23.4k | $13.94 |
1,680 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.5K
$292.7K – $390.2K
NOI $23,412 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$308.2K
$269.6K – $359.5K
NOI $21,571 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,025 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Move-in ready duplex with two remodeled 2-bedroom units, in-unit laundry hookups, and dedicated off-street parking.
Where is this duplex located?
The property is located at 7661 North Vancouver Avenue Portland, OR.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Single‑level duplex built in 1971 with concrete perimeter foundation and crawl space; Two 2‑bedroom, 1‑bath units with remodeled kitchens and bathrooms; Upgrades include vinyl windows and luxury vinyl flooring in both units
