Remodeled View
For Sale
$600,000
9442-9446 Northwest Roseway Avenue, Portland, OR 97231
Two updated rental units overlook the Willamette River and St. Johns Bridge.
Property Size2,082 SF
Price / SF$288.18
Days on Market173
Property Features for 9442-9446 Northwest Roseway Avenue
General Information
Standard status
Active
Size
2,082 SF
Total Parking Spaces
2
Property subtype
Multi Family
Zoning
R5C
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,042
Amenities
2
Finished
Other, Pillar Post Pier
Composition
Cement Siding
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Opt
(503) 810-2219
Listed By:
Brian Porter · License #200305174
(503) 810-2219
Source:
Compass
Added: Mar 11
Changed: Aug 29
Last Checked: Aug 29 at 11:38PM
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 Opt
Investment Insights
Based on property information with market context.
This 2,082-square-foot duplex contains two residences, each with 2 bedrooms and 1.5 bathrooms. The property was built in 1977 and recently received extensive updates, including kitchens, bathrooms, windows, electrical panels, appliances, flooring, a roof, driveway, foundation improvements, cement siding, and interior and exterior paint. Composition materials are also listed among the exterior features.
Located in Portland’s Linton neighborhood beside Forest Park, the property captures views of the Willamette River and St. Johns Bridge through large windows. Clear-day views may extend to Mount St. Helens, Mt Adams, and Mt Hood. Forest Park trails are nearby, with access to Northwest Portland and downtown. The property is zoned R5C and falls within the Skyline Elementary and Lincoln High School districts.
Located in Portland’s Linton neighborhood beside Forest Park, the property captures views of the Willamette River and St. Johns Bridge through large windows. Clear-day views may extend to Mount St. Helens, Mt Adams, and Mt Hood. Forest Park trails are nearby, with access to Northwest Portland and downtown. The property is zoned R5C and falls within the Skyline Elementary and Lincoln High School districts.
Key Highlights
- 2,082‑square‑foot duplex with two 2‑bedroom, 1.5‑bath units
- Recent remodel includes kitchens, bathrooms, windows, electrical panels, appliances, flooring, and roof
- Extensive foundation upgrades, new driveway, cement siding, and fresh interior and exterior paint
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
$29,014
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
4.84%
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%
$580,280
$580.3K
Cap Rate 7%
$414,486
$414.5K
Cap Rate 9%
$322,378
$322.4K
Market Conditions
NOI Build-Up for 2,082 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
$43.7K $21.00/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$41.4K $19.91/SF
− OpEx
−$12.4K −$5.97/SF
NOI
$29.0K $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%
$580,280
Cap Rate 7%
$414,486
Cap Rate 9%
$322,378
Alternative Uses
Best Use
Multifamily LT 5
$414.5K
$362.7K – $483.6K
NOI $29,014 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$381.9K
$334.2K – $445.6K
NOI $26,733 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$584.7K
$511.6K – $682.1K
NOI $40,927 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 97231, OR
4,399
Population
2,003
Households
2.2
Avg Household Size
49
Median Age
60%
College-Educated
96%
High-School Grad
62.7 sq mi
ZIP Area
70
Density / Sq Mi
$122,063
Median Household Income
$67,471
Median Earnings
$1,824
Median Rent
$795,100
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 - Two updated rental units overlook the Willamette River and St. Johns Bridge.
Where is this duplex located?
The property is located at 9442-9446 Northwest Roseway Avenue Portland, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,082‑square‑foot duplex with two 2‑bedroom, 1.5‑bath units; Recent remodel includes kitchens, bathrooms, windows, electrical panels, appliances, flooring, and roof; Extensive foundation upgrades, new driveway, cement siding, and fresh interior and exterior paint
