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

69 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 »

14082911-1 address: 2247 NW IRVING ST Portland, OR 97210
price: $874,900 total sqft: 0 mls#: 14082911
built: 1891 # of units: 2
county: Multnomah nhood/bldg: Alphabet District taxe/yr: $9,075.96
schools: Chapman / Lincoln lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: ZAD Realty & Property Mgmt,LLC zone/comp: /
View Details

Monday through Friday 9-5 no need to call. After 5 and Weekends appt required. Newer sewer line. Newer furnace, roof. Potential for single family conversion. Highly desirable Alphabet district location with a walking score of 100! Features original floors, moldings, doors and built-ins.One-car garage, large driveway and yard.Island&storage shelves excluded.

 
14210215-1 address: 1621 SE SALMON ST Portland, OR 97214
price: $850,000 total sqft: 0 mls#: 14210215
built: 1909 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $7,773.82
schools: Buckman / Cleveland lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Realty Trust Group, Inc. zone/comp: /
View Details

Sensational Duplex in the heart of Buckman, just steps to Belmont and Division. Hardwoods, built-ins, and period details grace the interior of this Old Portland, with modern upgrades and finishes throughout. Lower unit rents for $1850, while much larger two-story upper (currently owner's) unit could be much, much more. Fantastic mechanical upgrades. One-of-a-kind treasure!

 
14292353-1 address: 713 SE 17TH AVE Portland, OR 97214
price: $825,000 total sqft: 0 mls#: 14292353
built: 1909 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $7,969.32
schools: Buckman / Cleveland lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Township Properties zone/comp: /
View Details

Pride of Ownership shows in this Grand Old Portland Style property in popular Buckman. Original features: HW Flrs, leaded glass windows, pocket doors, original woodwork. Many upgrades including structural reinforcement, extra floor/wall insulation. Oil tank decommissioned. Finished attic space. Two-car detached garage. Great yard. Ideal for owner occupant. Main Floor/Basement unit has 2 full kitchens & rents as 2 separate units.

 
14196119-1 address: 1219 SE 23RD AVE Portland, OR 97214
price: $774,000 total sqft: 0 mls#: 14196119
built: 1913 # of units: 2
county: Multnomah nhood/bldg: Sunntside/Hawthorne taxe/yr: $7,603.91
schools: Buckman / Cleveland lot size: 0 to 2,999 Square Feet acres:
Courtesy: RE/MAX Equity Group zone/comp: /
View Details

Rare 1913 original built Craftsman side by side duplex between Hawthorne and Belmont in popular Sunnyside neighborhood. Perfect owner occupied opportunity. Tastefully updated w/ original charm, fireplaces, built-ins, wood floors, vintage moldings. Hi-efficient gas furnaces tankless gas hot water heaters. Remodeled kitchens w/ gas range, dishwashers, Unfinished basements, Offstreet parking, courtyard, porches. Excellent rental history.

 
14280954-1 address: 8155 SW CANYON RD Portland, OR 97225
price: $679,900 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: /
View Details

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.

 
13380355-1 address: 714 SE 15TH AVE Portland, OR 97214
price: $635,000 - $700,000 total sqft: 0 mls#: 13380355
built: 1885 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $4,061.11
schools: Buckman / Cleveland lot size: 0 to 2,999 Square Feet acres:
Courtesy: Neighbors Real Estate zone/comp: /
View Details

1 Block to Upcoming Washington High Redevelopment! Period Style Restoration, Meticulous Detail w/CAT 5 Wiring, New Plumbing,Water Main, 5/8" Drywall,Fire Blocking,2Gas Meters,2Furnaces,3 Elec Panels,Marvin Pine Windows,5 Panel Fir Drs,Refin Fir Flrs,10' Ceilings on Main,9' ceilings on 2nd Flr &View of City.Poss to add 3rd Unit in Unfin Basmnt. On Transit, Walkable to Shops & Dining

 
14170058-1 address: 1403 SE PINE ST Portland, OR 97214
price: $630,000 total sqft: 0 mls#: 14170058
built: 1890 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $5,677.16
schools: Buckman / Cleveland lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Windermere Stellar zone/comp: /
View Details

Outstanding duplex! Lovingly restored preserving historic character while updating for comfortable living. Orig. pocket doors and "pressed moldings." Custom modern kitchens. Lvly fir flrs main and new oak up. New cedar shake siding,plumbing, electrical,baths, Hi-effic. gas furnaces. Well insulated walls and ceiling. Separate laundries. All newer appliances included. Abundant storage. Separate elec panels, water meters. Incredible!

 
14525402-1 address: 1941 NW 25TH AVE Portland, OR 97210
price: $599,900 total sqft: 0 mls#: 14525402
built: 1890 # of units: 2
county: Multnomah nhood/bldg: Wilson Add taxe/yr: $5,494.75
schools: Chapman / Lincoln lot size: 0 to 2,999 Square Feet acres:
Courtesy: John L. Scott/Woodstock zone/comp: /
View Details

Amazing opportunity in Portland hottest neighborhood. Many possibilities with this unique NW home: Current use is duplex but would make a great live-in rental or use as a business (current zoning is commercial) or live/work. 3 bedrooms up with separate living and dining room. Very well maintained. 2 Bedrooms down with granite counters & open floor plan. Close to Forest Park, 23rd, and more!

 
14365414-1 address: 1429 SW COLLEGE ST Portland, OR 97201
price: $599,900 total sqft: 0 mls#: 14365414
built: 1919 # of units: 2
county: Multnomah nhood/bldg: Portland Heights taxe/yr: $7,403.69
schools: Ainsworth / Lincoln lot size: 3,000 to 4,999 Square Feet acres:
Courtesy: Portland Creative Realtors zone/comp: /
View Details

Beautifully remodeled 1919 Craftsman w/ spectacular panoramic views of the city and 3 mtns. 3/2 residence + 1BR apt. Great owner occupied in Desirable Pdx Heights priv setting. Ainsworth/Lincoln school dist. 78 Walk Score! Updated kitchen, spa-like master suite, refinished hardwoods, high ceilings, period details, large decks for entertaining and much more. Spacious 1 BR legal apartment rental on lower w/ separate entrance and decks.

 
14531013-1 address: 1136 SW GIBBS ST Portland, OR 97239
price: $569,900 total sqft: 0 mls#: 14531013
built: 1890 # of units: 2
county: Multnomah nhood/bldg: Homestead taxe/yr: $6,186.71
schools: Ainsworth / Lincoln lot size: 3,000 to 4,999 Square Feet acres:
Courtesy: Hasson Company Realtors zone/comp: /
View Details

Great owner occupy or investment opportunity, 1890 west hills Colonial steps from OHSU. Upstairs fully permitted ADU unit but non legal duplex. Minuets to downtown on a large private corner lot, 3 parking spaces with carport. Main floor 1447 sqft w/ 2bd 1ba, updated bthrm & kitchn. Upstairs w/ private entrance 2bd 1ba. Large deck with Mt. views. 1000sqft separate entrance basement with shop, storage and laundry space.

 
14170477-1 address: 221 SE 15TH AVE Portland, OR 97214
price: $525,000 total sqft: 0 mls#: 14170477
built: 1894 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $3,699.41
schools: Buckman / Cleveland lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Realty Trust Group, Inc. zone/comp: /
View Details

Location, location! Urban dwellers dream in high rent neighborhood. Main level has been owner occupied since mid 80's. Upper level is currently vacant for marketing. Seperate gas, water. Upper level was last rented below market at $1150

 
14680694-1 address: 3410 N MISSOURI AVE Portland, OR 97227
price: $524,900 total sqft: 0 mls#: 14680694
built: 1910 # of units: 2
county: Multnomah nhood/bldg: MISSISSIPPI taxe/yr: $2,165.22
schools: Boise-Eliot / Grant lot size: 3,000 to 4,999 Square Feet acres:
Courtesy: Dwell Realty zone/comp: /
View Details

Rare 4-sq dplx in popular Mississippi Dist.Units apprx. 1200 sf, upper unit has unfin attic space, poss 3rd bdrm? Both units rented for $1100 per. Updated gas heat,water heaters,elec. Ext needs work, int classic period features.$5k towards paint/ repairs.Will review all reasonable offers. This property zoned/ listed with county as 3 plex, basement conversion permitted/ ready to go.Back yard is a separate tax lot that is included.

 

69 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 »

 

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.

Leave a Comment

required
required
required