Side-by-Side
For Sale
$565,000
816 SE NEHALEM ST, Portland, OR 97202
Each residence has in-unit laundry and a fenced yard, with covered patio space.
Property Size1,560 SF
Price / SF$362.18
Days on Market88
Property Features for 816 SE NEHALEM ST
General Information
Standard status
Active
Size
1,560 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Sellwood-Moreland Improvement League
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
Buildings
1
Listing Agency:
eXp Realty, LLC
Listed By:
Stephen FitzMaurice · License #200308110
(971) 803-1590
Source:
Destinedrealtygroup
Added: Aug 6
Changed: Oct 31
Last Checked: Oct 31 at 1:53PM
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
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Investment Insights
Based on property information with market context.
Built in 1969, this 1560-square-foot duplex contains two side-by-side residences. Each unit has two bedrooms, one full bathroom, open living and dining areas, a kitchen, and in-unit laundry. Covered patios and fenced yard areas provide outdoor space, and residents share a community garden.
The property occupies a corner lot in Sellwood, within convenient distance of the Willamette River and neighborhood amenities. A mirror duplex is also offered for sale.
The property occupies a corner lot in Sellwood, within convenient distance of the Willamette River and neighborhood amenities. A mirror duplex is also offered for sale.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- 1560 square feet; built in 1969
- Open living and dining areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,667
Cap Rate
4.01%
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 4.01%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$372.2K
$325.7K – $434.2K
NOI $26,052 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has in-unit laundry and a fenced yard, with covered patio space.
Where is this duplex located?
The property is located at 816 SE NEHALEM 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: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; 1560 square feet; built in 1969; Open living and dining areas in both units
