Renovated Single-Level
9465 SW Tangela Ct Portland, OR 97223
9465 SW Tangela Ct, Portland, OR, 97223
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For Sale
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Two 2-bed, 2-bath units with private fenced backyards and an attached 1-car garage for each.
Property Size1,740 SF
Price / SF$344.25
Days on Market104
Property Features for 9465 SW Tangela Ct
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing agency
MORE Realty
(503) 353-6673
Listed by
Jeff Stephens · License #201237728
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 3:00PM Checked: Jul 22 at 10:36AM
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 MORE Realty
Investment Insights
Based on property information with market context.
This renovated, single-level duplex offers two separate 2-bedroom, 2-bath homes, each with a private fenced backyard and its own 1-car garage. Unit 9463 is currently vacant and fully renovated, featuring a brand-new kitchen with cabinets, updated countertops, refreshed flooring, modernized bathrooms, and new interior paint throughout for move-in readiness. Unit 9465 has been updated and is leased at $1,795 per month.
The property sits on a generous corner lot along a tree-lined street, within walking distance of downtown Tigard’s shops, dining, and amenities. Recent improvements include a brand-new roof and new exterior paint, along with extensive updates aimed at reducing near-term maintenance.
A turnkey duplex configuration that can support both owner-occupancy and rental income goals, with each unit maintaining a comfortable, well-designed layout.
The property sits on a generous corner lot along a tree-lined street, within walking distance of downtown Tigard’s shops, dining, and amenities. Recent improvements include a brand-new roof and new exterior paint, along with extensive updates aimed at reducing near-term maintenance.
A turnkey duplex configuration that can support both owner-occupancy and rental income goals, with each unit maintaining a comfortable, well-designed layout.
Key Highlights
- Single‑level duplex built in 1978 with two separate 2‑bed, 2‑bath units
- Unit 9463 is vacant and fully renovated with a brand‑new kitchen, updated flooring, modern bathrooms, and fresh interior paint
- Unit 9465 is leased for $1,795/month, providing immediate rental income
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 | $38.6k | $22.20 |
| − Vacancy | −$2.4k | −$1.37 |
| EGI | $36.2k | $20.83 |
| − OpEx | −$10.9k | −$6.25 |
| NOI | $25.4k | $14.58 |
1,740 SF · lease $22.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.4K
$317.1K – $422.9K
NOI $25,371 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$322.1K
$281.9K – $375.8K
NOI $22,549 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$488.6K
$427.6K – $570.1K
NOI $34,204 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 2-bed, 2-bath units with private fenced backyards and an attached 1-car garage for each.
Where is this duplex located?
The property is located at 9465 SW Tangela Ct Portland, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Single‑level duplex built in 1978 with two separate 2‑bed, 2‑bath units; Unit 9463 is vacant and fully renovated with a brand‑new kitchen, updated flooring, modern bathrooms, and fresh interior paint; Unit 9465 is leased for $1,795/month, providing immediate rental income
