Duplex with Remodeled
For Sale
$669,900
921 SE MALL ST, Portland, OR 97202
The owner’s residence includes refinished hardwood floors and a renovated bathroom with a new tile shower.
Property Size2,621 SF
Price / SF$255.59
Days on Market131
Property Features for 921 SE MALL ST
General Information
Standard status
Active
Size
2,621 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Brooklyn Action Corps
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
2,621 SF
Year Built
1914
Buildings
1
Listing Agency:
ELEETE REAL ESTATE
Listed By:
The Lee Davies Team
(503) 997-1118
Source:
Leedavies
Added: Jun 25
Changed: Nov 1
Last Checked: Nov 1 at 1:20PM
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 ELEETE REAL ESTATE
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Investment Insights
Based on property information with market context.
This 2,621-square-foot duplex was built in 1914. The owner’s residence has refinished hardwood flooring, a remodeled kitchen with updated finishes and ample cabinetry, and a renovated bathroom featuring a new tile shower. Interior painting extends through the basement.
Recent work includes a replacement roof, new gutters and downspouts, new hot water heaters, and fresh exterior paint, including the front porch. The property is in Southeast Portland, approximately a 10-minute drive from Downtown. The neighborhood has a Walk Score of approximately 74/100 and a Bike Score of approximately 85/100.
Recent work includes a replacement roof, new gutters and downspouts, new hot water heaters, and fresh exterior paint, including the front porch. The property is in Southeast Portland, approximately a 10-minute drive from Downtown. The neighborhood has a Walk Score of approximately 74/100 and a Bike Score of approximately 85/100.
Key Highlights
- 2,621‑square‑foot duplex built in 1914
- Owner’s residence features refinished hardwood floors, a remodeled kitchen, and a renovated bathroom with a new tile shower
- Improvements include a new roof, gutters, downspouts, and hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,083
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,660
$761.7K
Cap Rate 7%
$544,043
$544.0K
Cap Rate 9%
$423,144
$423.1K
Market Conditions
NOI Build-Up for 2,621 SF
Gross rent
$58.2K $22.20/SF
− Vacancy
−$3.8K −$1.44/SF
EGI
$54.4K $20.76/SF
− OpEx
−$16.3K −$6.23/SF
NOI
$38.1K $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%
$761,660
Cap Rate 7%
$544,043
Cap Rate 9%
$423,144
Alternative Uses
Best Use
Multifamily LT 5
$544.0K
$476.0K – $634.7K
NOI $38,083 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$505.2K
$442.0K – $589.4K
NOI $35,361 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$625.3K
$547.1K – $729.5K
NOI $43,771 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
616
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 - The owner’s residence includes refinished hardwood floors and a renovated bathroom with a new tile shower.
Where is this duplex located?
The property is located at 921 SE MALL ST Portland, OR.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: 2,621‑square‑foot duplex built in 1914; Owner’s residence features refinished hardwood floors, a remodeled kitchen, and a renovated bathroom with a new tile shower; Improvements include a new roof, gutters, downspouts, and hot water heaters
