Craftsman Duplex with
9806-9820 North Midway Avenue Portland, OR 97203
For Sale
$600,000
Restored duplex offers two remodeled units with private basement access and designated storage/shop space.
Property Size3,356 SF
Price / SF$178.78
Days on Market84
Property Features for 9806-9820 North Midway Avenue
General Information
- Standard status
- Active
- Size
- 3,356 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
Opt
(503) 515-9374
Listed By:
Brian Spear · License #200312221
(503) 515-9374
Source:
Compass
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 9:12AM
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 restored Craftsman duplex features two residential units, each with access to the full basement and large designated storage/shop space. Unit 9806-A was recently remodeled with a new kitchen, two new bathrooms, refinished hardwood floors, new carpet, skylight, double closets, stackable washer/dryer, and new appliances. The remodel was completed with approved permits and includes new plumbing, wiring, rebuilt chimneys, and other updated systems.
Unit 9806-B was remodeled in 2018 and includes a custom kitchen, remodeled bathroom, mini-split heating/cooling, and hardwood floors. 9806-B also has access to the full gated backyard.
The property building is described as carefully maintained and positioned as a practical option for an owner-occupant, with move-in readiness supported by the recent and ongoing unit and systems improvements.
Unit 9806-B was remodeled in 2018 and includes a custom kitchen, remodeled bathroom, mini-split heating/cooling, and hardwood floors. 9806-B also has access to the full gated backyard.
The property building is described as carefully maintained and positioned as a practical option for an owner-occupant, with move-in readiness supported by the recent and ongoing unit and systems improvements.
Key Highlights
- Restored Craftsman duplex built in 1925 with two 3‑story units and concrete perimeter foundation
- Unit 9806‑A remodeled with an entire new kitchen and (2) new bathrooms, designed from the studs‑out with approved permits
- Unit 9806‑A includes refinished hardwood floors, new carpet, skylight, double closets, stackable W/D, and new appliances
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 | $70.5k | $21.00 |
| − Vacancy | −$3.7k | −$1.09 |
| EGI | $66.8k | $19.91 |
| − OpEx | −$20.0k | −$5.97 |
| NOI | $46.8k | $13.94 |
3,356 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$668.1K
$584.6K – $779.5K
NOI $46,768 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,971 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Restored duplex offers two remodeled units with private basement access and designated storage/shop space.
Where is this duplex located?
The property is located at 9806-9820 North Midway 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: Restored Craftsman duplex built in 1925 with two 3‑story units and concrete perimeter foundation; Unit 9806‑A remodeled with an entire new kitchen and (2) new bathrooms, designed from the studs‑out with approved permits; Unit 9806‑A includes refinished hardwood floors, new carpet, skylight, double closets, stackable W/D, and new appliances
