Three-Level
New
For Sale
$569,000
8513 NE WEIDLER St, Portland, OR 97220
MultiFamily, Portland, OR
Property Size2,244 SF
Lot Size0.15 Acres
Price / SF$253.57
Days on Market3
Property Features for 8513 NE WEIDLER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2
Elementary school
Jason Lee
Middle school
Roseway Heights
High school
Leodis McDaniel
Directions
From NE 82nd Ave, go East on Broadway, South on NE 86th Ave, then right onto Weidler.
Subdivision
_142
Standard status
Active
APN
R251424
Size
2,244 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
RAILWAY ADD, BLOCK 3, LOT 14&15
Tax Annual Amount
7559
Legal Description
RAILWAY ADD, BLOCK 3, LOT 14&15
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Terry Long · License #201203728
(503) 320-6543
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 11:06PM
MLS# 668250654
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.
Investment Insights
Based on property information with market context.
This 2,244-square-foot duplex is arranged across three levels and includes four bedrooms, 3-1/2 bathrooms, multiple living areas, and an updated kitchen. The main floor combines living and dining space with direct connections to the garage, laundry room, half bathroom, and rear deck. The upper level contains three bedrooms, including a primary suite with a walk-in closet and private bathroom.
The lower level has its own rear sliding-door access as well as an interior connection to the main home. It includes a family room, fourth bedroom, nonconforming fifth-bedroom area, bonus storage room, and full bathroom. The space was previously used as an Airbnb and has room for a kitchenette. The property also offers forced-air heating, central air, a composition roof, a 0.15-acre lot, R5 zoning, and a 1996 construction date.
The lower level has its own rear sliding-door access as well as an interior connection to the main home. It includes a family room, fourth bedroom, nonconforming fifth-bedroom area, bonus storage room, and full bathroom. The space was previously used as an Airbnb and has room for a kitchenette. The property also offers forced-air heating, central air, a composition roof, a 0.15-acre lot, R5 zoning, and a 1996 construction date.
Key Highlights
- 2,244‑square‑foot duplex configured across three levels
- Four bedrooms and 3‑1/2 bathrooms, plus a nonconforming fifth‑bedroom area
- Lower level has interior access and a separate rear sliding‑door entry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,420
$625.4K
Cap Rate 7%
$446,729
$446.7K
Cap Rate 9%
$347,456
$347.5K
Market Conditions
NOI Build-Up for 2,244 SF
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.
Gross rent
$47.1K $21.00/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$44.7K $19.91/SF
− OpEx
−$13.4K −$5.97/SF
NOI
$31.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,420
Cap Rate 7%
$446,729
Cap Rate 9%
$347,456
Alternative Uses
Best Use
Multifamily LT 5
$446.7K
$390.9K – $521.2K
NOI $31,271 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$411.6K
$360.2K – $480.2K
NOI $28,813 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$630.2K
$551.4K – $735.2K
NOI $44,112 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated property with a separately accessible lower level, flexible room arrangement, garage, laundry area, and outdoor deck.
Where is this duplex located?
The property is located at 8513 NE WEIDLER St Portland, OR.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,244‑square‑foot duplex configured across three levels; Four bedrooms and 3‑1/2 bathrooms, plus a nonconforming fifth‑bedroom area; Lower level has interior access and a separate rear sliding‑door entry
