Craftsman Duplex with Basement
9806 N MIDWAY AVE Portland, OR 97203
9806 N MIDWAY AVE, Portland, OR, 97203
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For Sale
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Move-in ready duplex features remodeled kitchens and bathrooms, hardwood floors, in-unit laundry hookups, and full basement access.
Property Size3,520 SF
Price / SF$167.61
Days on Market22
Property Features for 9806 N MIDWAY AVE
General Information
- Standard status
- Active
- Size
- 3,520 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agency
Opt Real Estate
(503) 515-9374
Listed by
Brian Spear · License #OR 200312221
Source
Crexi
Added: Jul 1 Updated: Jul 21 at 1:00PM Checked: Jul 21 at 1:00PM
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 Real Estate
Investment Insights
Based on property information with market context.
This restored Craftsman duplex includes two spacious bungalow-style units, each with access to the full basement and its ample ceiling height. Unit 9806-A was recently remodeled with a new kitchen and two new bathrooms designed from the studs-out, all completed with approved permits. The unit also features sleek finishes, quartz counters, refinished hardwood floors, new carpet, double closets, a skylight, stackable washer/dryer, and new appliances. Unit 9806-B was remodeled in 2018 and offers a custom kitchen, a remodeled bathroom, mini-split heating/cooling, and hardwood floors, along with access to the full gated backyard.
Both units include large designated storage or shop space within the basement, and the building has been well maintained with updates including new plumbing and wiring, rebuilt chimneys, and additional new systems. The property is located in the St. John’s area of Portland, Oregon.
Both units include large designated storage or shop space within the basement, and the building has been well maintained with updates including new plumbing and wiring, rebuilt chimneys, and additional new systems. The property is located in the St. John’s area of Portland, Oregon.
Key Highlights
- 1925 Craftsman duplex with two renovated units, each with access to the full basement and large designated storage/shop space
- 9806‑A major remodel includes entire new kitchen and (2) new bathrooms from studs‑out with approved permits; new appliances and quartz counters
- 9806‑A features refinished hardwood floors, new carpet, skylight, double closets, and in‑unit laundry via stackable W/D hookups
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 | $73.9k | $21.00 |
| − Vacancy | −$3.8k | −$1.09 |
| EGI | $70.1k | $19.91 |
| − OpEx | −$21.0k | −$5.97 |
| NOI | $49.1k | $13.94 |
3,520 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$700.8K
$613.2K – $817.6K
NOI $49,053 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$645.7K
$565.0K – $753.3K
NOI $45,197 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$988.5K
$864.9K – $1.15M
NOI $69,195 @ 7.0% cap · market cap 11.73%
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 - Move-in ready duplex features remodeled kitchens and bathrooms, hardwood floors, in-unit laundry hookups, and full basement access.
Where is this duplex located?
The property is located at 9806 N MIDWAY AVE Portland, OR.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 1925 Craftsman duplex with two renovated units, each with access to the full basement and large designated storage/shop space; 9806‑A major remodel includes entire new kitchen and (2) new bathrooms from studs‑out with approved permits; new appliances and quartz counters; 9806‑A features refinished hardwood floors, new carpet, skylight, double closets, and in‑unit laundry via stackable W/D hookups
