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

57 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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14696064 1 address: 2338 NW HOYT ST Portland, OR 97210
price: $799,000 total sqft: 0 mls#: 14696064
built: 1890 # of units: 2
county: Multnomah nhood/bldg: NW Portland taxe/yr: $9,224.86
schools: Chapman / Lincoln lot size: 0 to 2,999 Square Feet acres:
Courtesy: John L. Scott/Woodstock zone/comp: /
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Duplex!..Charming property in the heart of NW 23rd! Tastefully updated with original character still in tact. Wonderful outdoor spaces with multiple decks and a private fenced backyard. Basement has been recently finished and would be perfect for in-laws or visitors. Basement 3rd Unit??? Has good feel. Walk score off the charts!

 
14541769 8 address: 1533 SE MAIN ST Portland, OR 97214
price: $759,000 total sqft: 0 mls#: 14541769
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: Think Real Estate 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 bedrooms and basement with a full apt. offer the perfect opportunity for single family buyers and investors alike. High-efficiency furnace.

 
14656969 1 address: 2123 SE CESAR E CHAVEZ BLVD Portland, OR 97214
price: $710,000 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.

 
14476406 1 address: 3632 SE BELMONT ST Portland, OR 97214
price: $575,000 total sqft: 0 mls#: 14476406
built: 1907 # of units: 2
county: Multnomah nhood/bldg: Belmont taxe/yr: $5,322.84
schools: Sunnyside Env / Franklin lot size: 3,000 to 4,999 Square Feet acres:
Courtesy: Township Properties zone/comp: /
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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!

 
14280954 1 address: 8155 SW CANYON RD Portland, OR 97225
price: $539,900 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.

 
14044919 1 address: 3914 NE GARFIELD AVE Portland, OR 97212
price: $529,000 total sqft: 0 mls#: 14044919
built: 2014 # of units: 2
county: Multnomah nhood/bldg: Williams Corridor taxe/yr: $0.00
schools: King / Grant lot size: 0 to 2,999 Square Feet acres:
Courtesy: Urban Nest Realty zone/comp: /
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Darling new construction duplex - 4 blocks to hot Williams Corridor! Sprawling hardwoods, big windows + period built ins thru/out main. Kitchen boasts antiqued granite, gorgeous tiled wall, pot filler, custom cabinets, farm sink, SS appliances + more. Large vaulted mstr suite w walk in closet and heated bath floors. Tons of storage! Excellent location for rental $$$! Rental figures based on opinion. Taxes TBD. Agent related to seller.

 
14394781 1 address: 3918 NE GARFIELD AVE Portland, OR 97212
price: $529,000 total sqft: 0 mls#: 14394781
built: 2014 # of units: 2
county: Multnomah nhood/bldg: Williams Corridor taxe/yr: $0.00
schools: King / Grant lot size: 0 to 2,999 Square Feet acres:
Courtesy: Urban Nest Realty zone/comp: /
View Details

Darling new construction duplex - 4 blocks to hot Williams Corridor! Sprawling hardwoods, big windows + period built ins thru/out main. Kitchen boasts antiqued granite, gorgeous tiled wall, pot filler, custom cabinets, farm sink, SS appliances + more. Large vaulted master suite with walk in closet and heated bathroom floors. Tons of storage! Studio apt in basement! Excellent location for rental $$$! Taxes TBD. Agent related to seller.

 
14082818 1 address: 4820 SW TAYLORS FERRY RD Portland, OR 97219
price: $525,000 total sqft: 0 mls#: 14082818
built: 1970 # of units: 2
county: Multnomah nhood/bldg: taxe/yr: $4,962.37
schools: Markham / Wilson lot size: 7,000 to 9,999 Square Feet acres:
Courtesy: Realty Pro Oregon LLC. zone/comp: /
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Large, updated duplex in convenient location. New roof, freshly painted interior, new carpet, timber tech decks, newer vinyl windows & exterior paint. Spacious bedrooms & ample storage. Large lot w/a shed & plenty of parking. 'Kitchen #2' picture is kitchenette in lower level of vacant unit - NOT kitchen in occupied unit. Current tenant has lease through June, 2016 & would like to stay. Pics 9-15 are of occupied unit. Please DND tenant.

 
14521329 1 address: 3561 SE CORA DR Portland, OR 97202
price: $499,999 total sqft: 0 mls#: 14521329
built: 1971 # of units: 2
county: Multnomah nhood/bldg: Creston Kenilworth taxe/yr: $8,677.16
schools: Grout / Cleveland lot size: 5,000 to 6,999 Square Feet acres:
Courtesy: John L. Scott NE Portland zone/comp: /
View Details

Great investment & will B even better w/some TLC. Opportunity to increase unit rents with improvements. This Fabulous Plex is in the trendy Creston Kenilworth neighborhood. Walk or bike to Reed College, parks, stores, restaurants, library & farmers market. Remodeled larger unit. Fantastic layout, light and bright, separate entry to lower levels. Double Pane windows, 2 off street parking, total of 5 beds, 4 baths, 3 kitchens & W/D.

 

57 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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