7661 North Vancouver Avenue, Portland, OR 97217
Move-in ready duplex with two remodeled 2-bedroom units, in-unit laundry hookups, and dedicated off-street parking.
- Added:
- May 24, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 6 at 5:13 am
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 agent Troy D Doty P.C. License #200104205 (503) 997-4169
Listing office Northwest Realty Source (503) 997-4169
Listing date May 24, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Northwest Realty Source
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
- In‑unit laundry hookups plus dedicated off‑street parking for each unit, with space for up to 4 vehicles
- Exterior includes brick, cedar, and lap siding with a composition roof
- Both units are currently occupied on month‑to‑month tenancies (self‑managed); please do not disturb tenants
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6685688
- Latitude
- 45.5790437
