Duplex with Two
New
For Sale
$565,000
8031 E BURNSIDE St, Portland, OR 97215
MultiFamily, Portland, OR
Property Size2,670 SF
Lot Size0.11 Acres
Price / SF$211.61
Days on Market2
Property Features for 8031 E BURNSIDE St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CM2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Subdivision
MONTAVILLA
View
City
Elementary school
Vestal
Middle school
Harrison Park
High school
Leodis McDaniel
Directions
82nd Ave turn West on E Burnside St Property on the right
Standard status
Active
APN
R184636
Size
2,670 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
HUNTERS ADD, LOT 12 TL 17900
Tax Annual Amount
4133
Legal Description
HUNTERS ADD, LOT 12 TL 17900
Utilities
Heating system
Forced Air
Building Details
Year built
1898
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams Premier Partners · Keller Williams Realty
(360) 693-3336
Listed By:
Timothy Fowler
(503) 381-3084
Added: Oct 29
Last Checked: Oct 30 at 2:06AM
MLS# 689668664
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.
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Investment Insights
Based on property information with market context.
Built in 1898, this 2,670-square-foot duplex includes six bedrooms, three bathrooms, and two kitchens. The home requires updating, and its existing layout provides space for improvements. Forced-air heating and a composition roof are among its recorded building features. The property sits on a 0.11-acre lot with a backyard and a private patio at the upper rear of the home.
Restaurants, retail, and schools are located a few blocks away. The property is zoned CM2.
Restaurants, retail, and schools are located a few blocks away. The property is zoned CM2.
Key Highlights
- Six bedrooms, three bathrooms, and two kitchens
- 2,670 square feet on a 0.11‑acre lot
- Built in 1898
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,208
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,160
$744.2K
Cap Rate 7%
$531,543
$531.5K
Cap Rate 9%
$413,422
$413.4K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$56.1K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$53.2K $19.91/SF
− OpEx
−$15.9K −$5.97/SF
NOI
$37.2K $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%
$744,160
Cap Rate 7%
$531,543
Cap Rate 9%
$413,422
Alternative Uses
Best Use
Multifamily LT 5
$531.5K
$465.1K – $620.1K
NOI $37,208 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$489.8K
$428.5K – $571.4K
NOI $34,283 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,486 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
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Business Placement
Demographics for 97215, OR
18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
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 - Six bedrooms and three bathrooms create a substantial residential footprint across the property.
Where is this duplex located?
The property is located at 8031 E BURNSIDE St Portland, OR.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Six bedrooms, three bathrooms, and two kitchens; 2,670 square feet on a 0.11‑acre lot; Built in 1898
