Duplexes in Portland are a hot commodity at this time. Inventory of duplexes is low and demand remains high. People have their own reasons for purchasing duplexes, but many people are looking for a way to invest in real estate without a huge investment. If you buy a duplex as an owner occupant, you may be eligible for a FHA loan. You may be able to put down as little as 3.5%. If you end up renting the other side to a friend or tenant, you will be able to "share" the burden of a mortgage payment, but the long term benefits of property ownership will reside with the owner... you.
Generally speaking, Portland Duplexes offer more bang for the buck than single family homes. You will normally have a lower gross rent multiplier on a duplex than on a single family home, so duplexes are also a great way for investors to become landlords. A Gross Rent Multiplier is the Sale Price of the Duplex divided by the annual rent. For Example, a duplex that sells for $360,000 and it receives $30,000 in annual rent would have a gross rent multiplier of 12.
Cash flow is usually better on duplexes than on single family homes. Another benefit of duplexes is that if one tenant leaves, you still have an income from the other side.
Often times owners of multi-family property do not like to list their properties because they do not want for their tenants to know that the property may be for sale. I know of a few duplexes that the seller would be happy to sell, but they are not in the multiple listing service. If you have been looking for just the right duplex, but you can't find it. Let me know, I may know of a property that will meet your needs.
48 Listings found with the following criteria:
- Property type like any: MULTI
- Foreclosure status: Basic, Short Sale, Bank Owned
- City: Portland
- Units: 2
|address:||2533 SE SALMON ST Portland, OR 97214|
|built:||1904||# of units:||2|
|schools:||Sunnyside Env / Franklin||lot size:||7,000 to 9,999 SqFt||acres:|
Beautifully maintained historic duplex in the popular Buckman neighborhood. 1904 Mansion in original/historically restored condition on double lot. Two large units + Carriage House above double garage. High ceilings, big windows, original woodwork, leaded glass, built-ins, new period matched gourmet kitchen. Property was featured in Rejuvenation HW Catalog. Pride of Ownership. One of a kind!!
|address:||1431 N CHURCH ST Portland, OR 97217|
|built:||1892||# of units:||2|
|schools:||Beach / Jefferson||lot size:||7,000 to 9,999 SqFt||acres:|
|Courtesy:||Windermere Peninsula Realty||zone:||RH|
Property being sold as land. Corner of Interstate and Church, currently 2 homes on property used as rentals. Zoned RH, allowing mixed use-development, while ensuring Residential remain dominant use in zone. Buyer to Due Diligence with City of Portland.
|address:||2215 SE 77TH AVE Portland, OR 97215|
|built:||1952||# of units:||2|
|schools:||Bridger / Franklin||lot size:||10,000 to 14,999 SqFt||acres:|
|Courtesy:||Keller Williams Realty Portland Premiere||zone:||R2.5|
RARE Find! TWO Homes/One Lot! Immaculate 2,856 sq ft 3 bed, 1.5 bath main house PLUS 1536 sq ft 2 bed, 2 bath second home! Great opportunity for extended family or investment. Beautiful updated kitchens & baths, spacious living areas. Large finished attic area for storage and huge family room on lower level with fireplace. Backyard with covered patio, yard and room to garden. Detached oversize garage! All just steps from Mt Tabor Park!!
|address:||714 SE 15TH AVE Portland, OR 97214|
|built:||1885||# of units:||2|
|schools:||Buckman / Cleveland||lot size:||0K to 2,999 SqFt||acres:|
|Courtesy:||Neighbors Real Estate||zone:||R1|
Excellent Location Great for Owner Occupied, Incredible Spot for Vacation Rental! New Marvin Windows, Plumbing & Electrical All Redone, Newer Water Main, Refinished Hardwoods, New Sheetrock, Original Pocket Doors & One Leaded Window! Across from Dining, On Busline, Each Unit 1BD, Zoning Allows for 3rd Unit in Basement, Under Construction Still Needs Kitchens & Baths
|address:||3632 SE BELMONT ST Portland, OR 97214|
|built:||1907||# of units:||2|
|schools:||Sunnyside Env / Franklin||lot size:||3,000 to 4,999 SqFt||acres:|
Location! Location! Location! Hip duplex in the heart of the desirable Belmont strip. Cool artisan touches throughout with great use of repurposed products! Ann Sack / Pratt & Larson Tile, Stained Glass, SS appliances. Spacious front porch & upper deck ideal for people watching. Main flr unit has 150SF sun room in back. Private fenced yard. Super easy to rent. Walk score of 96!
|address:||8155 SW CANYON RD Portland, OR 97225|
|built:||1944||# of units:||2|
|schools:||Bridlemile / Lincoln||lot size:||1 to 2.99 Acres||acres:|
|Courtesy:||Summa Real Estate Group||zone:|
Great investment opportunity. Live in the main house, and rent the apartment to offset your payments. Perfect for an in-home business with great signage opportunity on Canyon Rd. Over a full acre of property that has development potential. Easy to rent with great schools. Near freeway access and within close proximity to OHSU. Call for details on the buildable lot.
|address:||6925 SE WOODSTOCK Portland, OR 97206|
|built:||2015||# of units:||2|
|schools:||Arleta / Franklin||lot size:||3,000 to 4,999 SqFt||acres:|
|Courtesy:||Premiere Property Group, LLC||zone:||R2|
Brand New Green Certified Old Portland Four Square,With 900 sq ft Apartment With Separate Entry 1 Large Bedroom and Living Room with full Kitchen,3Bed,2.5Ba In Main House,Granite,Box Beams,Built In Book Shelves,Master Suite With Private Deck,Fenced Yard,Walk to Mt Scott Park,Rent Apartment and Live In Very Nice 2150 sqft Home
|address:||7938 SW CAPITOL HILL RD Portland, OR 97219|
|built:||1958||# of units:||2|
|schools:||Rieke / Wilson||lot size:||7,000 to 9,999 SqFt||acres:|
|Courtesy:||Parker Realty Inc||zone:||R2|
Quality 1958 brick side-by-side duplex. Each 2 bedroom 1.5 bath unit has 2 fireplaces, gleaming hardwood floors, dedicated single garage and lower level with laundry, family room and half bath. Solid rent history. Close-in location with easy access to Barbur Blvd, Multnomah Village and Hillsdale.
|address:||22 SW MEADE ST Portland, OR 97201|
|built:||1886||# of units:||2|
|schools:||Chapman / Lincoln||lot size:||0K to 2,999 SqFt||acres:|
|Courtesy:||CENTURY 21 Hart||zone:||RH|
Remodeled Victor. Style home. Top two floors renting as a unit: master bed and bath, plus extra bedroom, dining room, kitchen, living room and additional bathroom. Entire bottom floor is rented as second unit: mother in law quarter and extra bedroom and storage room. The two units share laundry room on bottom floor. Unit hasn't been rented long so only have projected earnings based off last few months. two units share address.
|address:||11013 SW 51ST AVE Portland, OR 97219|
|built:||2009||# of units:||2|
|schools:||Markham / Wilson||lot size:||5,000 to 6,999 SqFt||acres:|
Well built Craftsman in like new condition W/Private-Rentable 1 Bdrm Apt on Lower Level 1/2 mile to PCC,Great Central location for Easy Portland,Tigard,Lake Oswego,Beaverton Commute.Territorial View,Granite in Main Kitchen,Hardwood Floors on Main, Vaulted Master,Soaker Tub&Tiled Shower in Master Bath.
|address:||5708 SE GLADSTONE ST Portland, OR 97206|
|built:||2008||# of units:||2|
|schools:||Creston / Franklin||lot size:||3,000 to 4,999 SqFt||acres:|
|Courtesy:||Real Pro NW.com||zone:||R2|
Large Duplex close-in SE, side by side units. Great investment & opportunity to increase rents. Units in great condition! Unit 5708 has 4 bdrms, 2 1/2 baths & off street parking. Unit 5710 has 3 bdrms, 2 1/2 baths,garage & off street parking. Master bedrooms have private baths. Each unit has washer/dryer, individually fenced backyards w/patios. Newer commercial grade carpeting. Hardiplank siding. Near public transportation. Walkscore=81
|address:||390 SW 121ST PL Portland, OR 97225|
|built:||1979||# of units:||2|
|schools:||Ridgewood / Sunset||lot size:||15,000 to 19,999 SqFt||acres:|
|Courtesy:||Windermere West LLC||zone:|
DO NOT DISTURB TENANTS - MAKE OFFERS SUBJECT TO INTERIOR INSPECTION. With custom finishes and a healthy rental history, here is a large-lot duplex backing to Peppertree Park on a cul-de-sac near industry, commerce, retail, transit, highway & recreation. 3 bedroom unit in great condition & 2 bedroom unit recently remodeled to high-end specs. Pencils easily for a pure investor or owner-occupant landlord - List of extras attached.
For information about: Portland Luxury Homes