Portland Duplex

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.

Portland DuplexGenerally 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.

Thanks,

Brian Porter

Search Results

62 Listings found with the following criteria:

  • Property type like any: MULTI
  • Foreclosure status: Basic, Short Sale, Bank Owned
  • City: Portland
  • Units: 2

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14656969-1 address: 2123 SE CESAR E CHAVEZ BLVD Portland, OR 97214
price: $749,000 total sqft: 0 mls#: 14656969
built: 1915 # of units: 2
county: Multnomah nhood/bldg: taxe/yr: $2,827.75
schools: / lot size: 7,000 to 9,999 Square Feet acres:
Courtesy: Paragon Equity Partners zone/comp: /
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Old world charm in the heart of Hawthorne! Main home has 5 large bedrooms all with original built-ins and woodwork. In back, a 2nd, well appointed residence is above the 3-car garage. Residence has full kitchen, full bath, laundry room and is around 1000 sqft. Perfect for owner occupied investment!! Both units have open floor plans. Main house has 2 additional finished bonus rooms in bsmt which offer additional rental potential!!

 
14280954-1 address: 8155 SW CANYON RD Portland, OR 97225
price: $599,900 total sqft: 0 mls#: 14280954
built: 1944 # of units: 2
county: Washington nhood/bldg: West Slope taxe/yr: $5,990.86
schools: Bridlemile / Lincoln lot size: 1 to 2.99 Acres acres:
Courtesy: Summa Real Estate Group zone/comp: /
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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.

 
14313083-1 address: 1777 N AINSWORTH ST Portland, OR 97217
price: $549,900 total sqft: 0 mls#: 14313083
built: 2014 # of units: 2
county: Multnomah nhood/bldg: Arbor Lodge taxe/yr: $260.21
schools: Chief Joseph / Jefferson lot size: 0 to 2,999 Square Feet acres:
Courtesy: Urban Nest Realty zone/comp: /
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Stunning new townhouse duplex - steps to Max, New Seasons, + restaurants/bars! Gorgeous custom touches incl quartz + locally reclaimed walnut butcher block + mantel. Walnut wood floors thru/out main. Vaulted master w/ dbl closets + serene bath w/ heated floors. Sound + fire-proofing separate the two units for privacy. Using other rentals nearby, this duplex could pull a 5.4 cap rate or more! Agent related to seller.

 
14456663-1 address: 1787 N AINSWORTH ST Portland, OR 97217
price: $549,900 total sqft: 0 mls#: 14456663
built: 2014 # of units: 2
county: Multnomah nhood/bldg: Arbor Lodge taxe/yr: $260.21
schools: Chief Joseph / Jefferson lot size: 0 to 2,999 Square Feet acres:
Courtesy: Urban Nest Realty zone/comp: /
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Stunning new townhouse duplex - steps to Max, New Seasons, + restaurants/bars! Gorgeous custom touches incl quartz + locally reclaimed walnut butcher block + mantel. Walnut wood floors thru/out main. Vaulted master w/ dbl closets + serene bath w/ heated floors. Sound + fire-proofing separate the two units for privacy. Using other rentals nearby, this duplex could pull a 5.4 cap rate or more! Agent related to seller.

 
14368770-1 address: 1909 N SKIDMORE ST Portland, OR 97035
price: $549,000 total sqft: 0 mls#: 14368770
built: 1927 # of units: 2
county: Multnomah nhood/bldg: Overlook taxe/yr: $5,826.27
schools: Beach / Jefferson lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Realty Trust Group, Inc. zone/comp: /
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Overlook Special Compound. Main house, three bed/two baths, master suite on main, second living quarters in basement includes one bed/one bath w/ second kitchen. Additional detached permitted one bedroom ADU. Lower level rents for $750, ADU rents for $1,100. Fabulous outdoor private courtyard and additional detached studio. Perfect home for owner/investor buyer. Three blocks to light rail, Overlook Park. Appointment Only. NOT A PLEX

 
14543914-1 address: 3025 NE FLANDERS ST Portland, OR 97232
price: $539,000 total sqft: 0 mls#: 14543914
built: 1906 # of units: 2
county: Multnomah nhood/bldg: Kerns taxe/yr: $3,650.46
schools: Laurelhurst / Grant lot size: acres:
Courtesy: Hasson Company Realtors zone/comp: /
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LOCATION-LOCATION-LOCATION! Outstanding vintage/Old Portland w/charm & character.Great neighborhood, near cafes, parks & transportation.Excellent rental history. The main floor has one bedroom with and additional bedroom and full bath downstairs which has been recently renovated. The two bedroom unit upstairs is an ADU.Backyard space,including garden area is shared by both parties.

 
14564531-1 address: 4014 SE YAMHILL ST Portland, OR 97214
price: $499,000 total sqft: 0 mls#: 14564531
built: 1907 # of units: 2
county: Multnomah nhood/bldg: Belmont/Hawthorne taxe/yr: $4,678.47
schools: Sunnyside Env / Franklin lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Real Pro NW.com zone/comp: /
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Great location Belmont/Hawthorne. Old-Portland, large yard,& full covered porch.Tremendous potential! 1st flr refinished floors .Hi ceilings, lots of light.Legal duplex, currently single family home.Easily converted to duplex.2 kitchens.1st flr unit family rm could be bedrm (no closet).Upper unit has sep. entrance,3 bedrms.Large 3rd floor bedrm/studio w/skylites.Basement with utility rm,studio,laundry area. Walk score=88.

 
14362949-1 address: 2311 SE MADISON ST Portland, OR 97214
price: $499,000 total sqft: 0 mls#: 14362949
built: 1904 # of units: 2
county: Multnomah nhood/bldg: Hawthorne taxe/yr: $5,275.55
schools: Sunnyside Env / Franklin lot size: 3,000 to 4,999 Square Feet acres:
Courtesy: RE/MAX Equity Group zone/comp: /
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1904 Classic, long ago became a legal duplex. Great rental or owner occupied property. Right in the heart of the wonderful Hawthorne corridor. Just steps to everything! Make your mark and renovate this old beauty or rent it out right away. Flats share the basement. Go in with a buddy and double your buying power. Rent half. You decide...

 
14382190-1 address: 3618 SE BELMONT ST Portland, OR 97214
price: $489,900 total sqft: 0 mls#: 14382190
built: 1910 # of units: 2
county: Multnomah nhood/bldg: Sunnyside taxe/yr: $4,637.51
schools: Sunnyside Env / Franklin lot size: 3,000 to 4,999 Square Feet acres:
Courtesy: RE/MAX Equity Group zone/comp: /
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1910 duplex in popular Sunnyside neighborhood w/92 Walk Score. Upper unit w/wall heat completely renovated in 2007. Main level unit w/FAG heat, updated kitchen,floors (2014) & bath. Potential 3rd unit in bsmt. Buyer to do due diligence. 2012 tear-off, reroof. 2003 new elect service, 2006 vinyl siding, windows, & lower unit FAG furnace. Unit #1 rent is under market. Projected CAP at 6.0. Both owners are OR RE agents. List agent owner.

 
14219438-1 address: 1016 NE TILLAMOOK ST Portland, OR 97212
price: $489,000 total sqft: 0 mls#: 14219438
built: 1894 # of units: 2
county: Multnomah nhood/bldg: taxe/yr: $4,444.66
schools: Irvington / Grant lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Keller Williams-PDX Central zone/comp: /
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Lovely Victorian duplex in the heart of Irvington! The perfect blend of period charm & modern finishes. Hardwood floors, stainless steel appliances, large master suite on upper unit features a honeycomb tile bathroom & stand up glass shower. Tons of storage & natural light, both units easily rent. Lower level basement apartment has outside entrance and its own laundry room. Huge backyard is peaceful & private with room for a garden!

 
14525988-1 address: 5625 NE PRESCOTT ST Portland, OR 97218
price: $487,000 total sqft: 0 mls#: 14525988
built: 1923 # of units: 2
county: Multnomah nhood/bldg: taxe/yr: $5,679.58
schools: Rigler / Madison lot size: 7,000 to 9,999 Square Feet acres:
Courtesy: Oregon Realty Co. zone/comp: /
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Beautiful Remodel Duplex! Open floor plan with high and vaulted ceiling! Beautiful Hardwood & tile floor! Crown molding! Huge master with suite! Slab granite all counter tops! Stainless steel appliances! Gas & air system! Iron handrail! Fully iron fence with gate! Beautiful remodel duplex in the NE Portland! Very nice landscaping! Please remove your shoe! Please call listing agent if you have any question or showing please!

 
14244117-1 address: 4240 SW VIEW POINT TER Portland, OR 97239
price: $475,000 total sqft: 0 mls#: 14244117
built: 1978 # of units: 2
county: Multnomah nhood/bldg: taxe/yr: $6,341.37
schools: Ainsworth / Lincoln lot size: 0 to 2,999 Square Feet acres:
Courtesy: Hasson Company Realtors zone/comp: /
View Details

Location, Location, Location! Easy access to Downtown, freeways, OHSU, John's Landing, shopping and restaurants. Excellent opportunity for an Owner Occupied unit, with the added benefit of additional income. Fabulous views from the multi-level decks, plus a Hot tub on lower level. Enjoy your morning coffee while watching the sunrise. Gas Fireplace in Master bedroom. Double sinks, plus His & Hers closets, and a huge walk-in shower.

 

62 Listings found with the following criteria:

  • Property type like any: MULTI
  • Foreclosure status: Basic, Short Sale, Bank Owned
  • City: Portland
  • Units: 2

Narrow your search »

 For information about: Portland Luxury Homes

4 Comments

February 21, 2014 00:21
Bill Moir said:

It appears all of your listings are Multnohma County, I want to find something in Tualatin, Tigard or Lake Oswego if possible

February 21, 2014 03:03
Brian Porter said:

Hi Bill, Our website is limited to Portland, but I will send you duplex listing in Tualatin, Tigard and Lake O. BTW, I am about to list a duplex in West Linn, and I know of a nice duplex in Gladstone that is not listed. In a separate email, I will send you some listings. Thank you, Brian

March 26, 2014 04:41
Pam De said:

I'm interested in a duplex or tri plex in PDX for around 250,000

March 26, 2014 16:19
Brian Porter said:

Hi Pam, There are quite a few duplexes in the Portland Metro Area that are in the 250K range. Please give us a call at 503-810-2219, and we can set up a meeting to discuss your investment objectives.

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