Craftsman Duplex with Basement
9806 9806/9820 N Midway Ave, Portland, OR 97203
For Sale
$580,000
Move-in ready duplex features remodeled kitchens and bathrooms, hardwood floors, in-unit laundry hookups, and full basement access.
Property Size3,356 SF
Price / SF$172.82
Days on Market131
Property Features for 9806 9806/9820 N Midway Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Opt
Listed By:
Brian Spear, Brian Porter · License OR #200312221
(503) 515-9374
Source:
Kingdomreal
Added: Jul 3
Changed: Nov 2
Last Checked: Nov 6 at 12:19PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,768
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,360
$935.4K
Cap Rate 7%
$668,114
$668.1K
Cap Rate 9%
$519,644
$519.6K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$70.5K $21.00/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$66.8K $19.91/SF
− OpEx
−$20.0K −$5.97/SF
NOI
$46.8K $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 Rate 5%
$935,360
Cap Rate 7%
$668,114
Cap Rate 9%
$519,644
Alternative Uses
Best Use
Multifamily LT 5
$668.1K
$584.6K – $779.5K
NOI $46,768 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,971 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
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Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portland, OR
Properties on Market for Duplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 9806/9820 N Midway Ave Portland, OR.
What is the asking price?
The asking price for this property is $580,000.
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
