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

64 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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14347462-1 address: 1538 SE 71ST AVE Portland, OR 97215
price: $879,000 total sqft: 0 mls#: 14347462
built: 1960 # of units: 2
county: Multnomah nhood/bldg: Mt Tabor taxe/yr: $7,926.63
schools: Bridger / Franklin lot size: acres:
Courtesy: RE/MAX Equity Group zone/comp: /
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Classic Mid-Century Modern Daylight Ranch. Lives like two houses in one. Upper level has 3 bedrooms/2 baths. Lower level has 3 bedrooms/2.5 baths. Separate outside entrance to lower level. Can be locked off from Upper Level. Buyer to do own due diligence. Perfect for an owner occupied with ADU potential.

 
14440824-1 address: 1533 SE MAIN ST Portland, OR 97214
price: $799,000 total sqft: 0 mls#: 14440824
built: 1908 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $6,097.08
schools: Buckman / Cleveland lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Meadows Group Inc., Realtors zone/comp: /
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Quintessential old-pdx/craftsman beauty nestled in the heart of sought after Buckman. Thoughtful, updated kitchen opens into the large dining room with a box beam ceiling and gorgeous, untouched wood work. There is a delightfully spacious living area and a bright and airy sun porch. Large, bright bedrms and basement with a full apt. offer the perfect opportunity for single family buyers and investors alike. High-eff furnace.

 
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!!

 
14610616-1 address: 1431 N CHURCH ST Portland, OR 97217
price: $675,000 total sqft: 0 mls#: 14610616
built: 1892 # of units: 2
county: Multnomah nhood/bldg: taxe/yr: $3,413.90
schools: Beach / Jefferson lot size: 7,000 to 9,999 Square Feet acres:
Courtesy: Windermere Peninsula Realty zone/comp: /
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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.

 
13380355-1 address: 714 SE 15TH AVE Portland, OR 97214
price: $635,000 total sqft: 0 mls#: 13380355
built: 1885 # of units: 2
county: Multnomah nhood/bldg: Buckman taxe/yr: $4,489.06
schools: Buckman / Cleveland lot size: 0 to 2,999 Square Feet acres:
Courtesy: Neighbors Real Estate zone/comp: /
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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

 
14439796-1 address: 5830 N INTERSTATE AVE Portland, OR 97217
price: $599,999 total sqft: 0 mls#: 14439796
built: 1908 # of units: 2
county: Multnomah nhood/bldg: North Albina taxe/yr: $2,789.61
schools: Ockley Green / Jefferson lot size: 0 to 2,999 Square Feet acres:
Courtesy: Keller Williams-PDX Central zone/comp: /
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Great charming owner occupied duplex with commercial zoning on the max line. Both units are 2 bedroom one bath units that have the potential to make a profit. Here is your chance to have income producing property. Great up and coming neighborhood, lush landscaping.

 
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.

 
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: /
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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.

 
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 living area and full bath downstairs which has been recently renovated. The two bedroom unit upstairs has 1 bathroom.Backyard space,including garden area is shared by both parties.

 
14313083-1 address: 1777 N AINSWORTH ST Portland, OR 97217
price: $515,000 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: $515,000 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: /
View Details

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.

 
14200072-1 address: 2231 NE WEIDLER ST Portland, OR 97232
price: $509,000 total sqft: 0 mls#: 14200072
built: 1926 # of units: 2
county: Multnomah nhood/bldg: Sullivan's Gulch taxe/yr: $4,553.24
schools: Beverly Cleary / Grant lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: Realty Solutions, LLC zone/comp: /
View Details

Great Income Opportunity! Super location-in NE Broadway area! Original hardwood flrs, tile surround fireplace, archways & tall ceilings on the West unit, which has fully remodeled kitchen with granite, stainless appliances, hardwoods, updated bathroom with double sinks, lots of storage,Forced Air gas, Private deck, fence, refurbished garage, newer windows. East side has been rented w great records.

 

64 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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