Side-by-Side
For Sale
$579,900
804 SE NEHALEM ST, Portland, OR 97202
Two attached residences offer private outdoor areas, covered patios, and in-unit laundry.
Property Size1,560 SF
Days on Market63
Property Features for 804 SE NEHALEM ST
General Information
Standard status
Active
Size
1,560 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,052
Amenities
in unit laundry
private fenced yard space
covered patios
shared community garden
Building Details
Building Size
1,560 SF
Year Built
1969
Listing Agency:
eXp Realty, LLC
Listed By:
Stephen FitzMaurice · License #200308110
(971) 803-1590
Source:
Eleeterealestate
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 5 at 11:44PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1969, this side-by-side duplex includes two residences, each with two bedrooms and one full bathroom. Both layouts provide an open connection between the living and dining areas, followed by a kitchen. Each unit also includes in-unit laundry, a private fenced yard, and a covered patio, while the property adds access to a shared community garden.
The duplex occupies a corner lot in Sellwood, with the Willamette River and other Sellwood amenities within convenient reach. A matching duplex is also being offered separately under MLS #425708173.
The duplex occupies a corner lot in Sellwood, with the Willamette River and other Sellwood amenities within convenient reach. A matching duplex is also being offered separately under MLS #425708173.
Key Highlights
- Side‑by‑side duplex with two residences
- Each unit has 2 bedrooms and 1 full bathroom
- Open living and dining areas connect to the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,667
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,340
$453.3K
Cap Rate 7%
$323,814
$323.8K
Cap Rate 9%
$251,856
$251.9K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$34.6K $22.20/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$32.4K $20.76/SF
− OpEx
−$9.7K −$6.23/SF
NOI
$22.7K $14.53/SF
Area
ZIP 97202
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,340
Cap Rate 7%
$323,814
Cap Rate 9%
$251,856
Alternative Uses
Best Use
Multifamily LT 5
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$372.2K
$325.7K – $434.2K
NOI $26,052 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer private outdoor areas, covered patios, and in-unit laundry.
Where is this duplex located?
The property is located at 804 SE NEHALEM ST Portland, OR.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Side‑by‑side duplex with two residences; Each unit has 2 bedrooms and 1 full bathroom; Open living and dining areas connect to the kitchen
