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.
42 Listings found with the following criteria:
- Property type like any: MULTI
- Foreclosure status: Basic, Short Sale, Bank Owned
- City: Portland
- Units: 2
|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:||4619 SE 40TH AVE Portland, OR 97202|
|built:||1967||# of units:||2|
|schools:||Grout / Cleveland||lot size:||10,000 to 14,999 SqFt||acres:|
|Courtesy:||Meadows Group Inc., Realtors||zone:||R2|
Brick duplex with beautiful backyard setting. 2 carports and 1 oversize detached garage. Newer roof, hardwood floors, outdoor sprinkler system, built-ins, laundry chute. Potential to convert to 4-plex AND / OR divide off a lot in the back to build more units. 13,123 sq foot lot zoned R2. Buyer to verify with city.
|address:||3632 SE BELMONT ST Portland, OR 97214|
|built:||1907||# of units:||2|
|schools:||Sunnyside Env / Franklin||lot size:||3,000 to 4,999 Square Feet||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:||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:||11013 SW 51ST AVE Portland, OR 97219|
|built:||2009||# of units:||2|
|schools:||Markham / Wilson||lot size:||5,000 to 6,999 Square Feet||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.
|address:||433 NE 117TH AVE Portland, OR 97220|
|built:||2014||# of units:||2|
|schools:||Menlo Park / David Douglas||lot size:||7,000 to 9,999 SqFt||acres:|
|Courtesy:||Keller Williams-PDX Central||zone:||R5|
Built in 2014, never been lived in! The first home is a large (2497 SQ FT) 2-story, 3 bedroom (with bonus room), 2.5 bath with a two cargarage. The second home is a one level (800 SQ FT) 2 bedroom 1 bath home that is nestled on the back of the 1/4 acre lot centrallylocated in the city! This is a great opportunity for a large family or those looking to start investing!
|address:||5934 SW CORBETT AVE Portland, OR 97239|
|built:||1914||# of units:||2|
|schools:||Capitol Hill / Wilson||lot size:||3,000 to 4,999 SqFt||acres:|
|Courtesy:||Keller Williams Realty Portland Premiere||zone:||R5|
Do Not Disturb tenants. Sale is subject to interior inspection. Charming bungalow w/a WalkScore of 60 out of 100 & has many amenities to walk to and enjoy. Nearby parks inc George Hines Natural area, Gorge Himes City Pk & Willamette Pk & Boat Ramp. Fin Basement w/sep entrance & kitchenette & bonus rm. (2nd Unit NC) Wonderful opportunity for live/rent!
|address:||2906 SE 131st AVE Portland, OR 97236|
|built:||2007||# of units:||2|
|schools:||Lincoln Park / David Douglas||lot size:||acres:|
|Courtesy:||RE/MAX Equity Group||zone:||R5|
Very good return on a great set up for rental property, owner occupied/extended family etc.. Properties have been updated and made move-in ready. This sale also includes tax lot R584327
For information about: Portland Luxury Homes