Classic Home with
9242 Southeast Harrison Street Portland, OR 97216
9242 Southeast Harrison Street, Portland, OR, 97216
$404,900
For Sale
$404,900
1949 home with ADU, ideal for rental income.
Property Size1,134 SF
Price / SF$357.05
Days on Market126
Property Features for 9242 Southeast Harrison Street
General Information
- Standard status
- Active
- Size
- 1,134 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1949
Listing Agency
Premiere Property Group, LLC
(503) 984-9887
Listed by
Jason Preuit · License #200408054
(503) 984-9887
Source
Compass
Added: Mar 15 Checked: Jul 17 at 4:35 am
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This classic 1949 home features original character and beautiful hardwood floors. The main house includes 2 bedrooms and 1 bathroom, along with an updated kitchen, vinyl windows, gas heat, and ceiling fans. A back patio provides space for relaxing or entertaining. The property also features a separate 1-bedroom, 1-bath ADU with its own full kitchen and bathroom. Both units have their own washer and dryer hookups. The backyard is long, usable, and fully fenced with a mix of wood and chain link, plus two sheds for extra storage. The property is conveniently located close to shopping, parks, schools, and the hospital. The property size is 1134 square feet. The ADU is ideal for extended family, guests, or rental income.
Key Highlights
- Separate 1‑bedroom, 1‑bath ADU with full kitchen and bath (ideal for family, guests, or rental income).
- Updated kitchen in the main house.
- Long, usable, fully fenced backyard with two sheds.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $21.00 |
| − Vacancy | −$1.2k | −$1.09 |
| EGI | $22.6k | $19.91 |
| − OpEx | −$6.8k | −$5.97 |
| NOI | $15.8k | $13.94 |
1,134 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.8K
$197.5K – $263.4K
NOI $15,803 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,561 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$318.5K
$278.7K – $371.5K
NOI $22,292 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 1949 home with ADU, ideal for rental income.
Where is this duplex located?
The property is located at 9242 Southeast Harrison Street Portland, OR.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: Separate 1‑bedroom, 1‑bath ADU with full kitchen and bath (ideal for family, guests, or rental income).; Updated kitchen in the main house.; Long, usable, fully fenced backyard with two sheds.
