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34018079

5 Northeast 71st Avenue, Portland, OR 97213

BS
OR OR 200312221
Opt Real Estate
Listed by Opt Real Estate
$650,000
2 days on market
Updated 2 days ago

5 Northeast 71st Avenue

Details
Property Type Multifamily
Square Footage 3,608
Net Rentable (SqFt) 3,608
Units 2
Cap Rate 4.27%
NOI $27,760
Occupancy 50%
Tenancy Vacant
Pro-Forma Cap Rate 4.27%
Pro-Forma NOI $27,760
Price per SqFt $180
Class B
Year Built 1912
Year Renovated 2012
Buildings 1
Lot Size (SqFt) 5,000 - 6,999
Zoning R2.5
Investment Type Owner/User
Sale Condition N/A

Multifamily | 2 Units | $325,000/unit

Marketing description

Tucked away at the base of Mount Tabor, this grand craftsman DUPLEX is the perfect blend of function, character and style! Main level unit features hardwood floors, boxed-beam ceilings, wainscotting, clawfoot tub, remodeled kitchen, quartz counters and a full covered front porch that epitomizes Portland architecture. Main unit also includes a separate office/3rd bedroom, an integrated basement space, covered back porch & a fenced yard. Upstairs unit is super cute with an updated kitchen, quartz counters, fun walk-in closet/office spaces, private basement space, separate W/D, storage shed and a private fenced yard. Truly amazing building that's been cleverly split into two premium units! Unbeatable location on a greenway bike route and steps to Montavilla farmer's market, Stark Street corridor, Mount Tabor and more!

Investment highlights

(1) 2 Bedrooms, 1 Bathroom, 2,133 square feet, $2,250/month

(2) 2 Bedrooms, 1 Bathroom, 1,550 square feet, $1,475/month

Gross Income: $45,600

Net Income: $27,760

Annual Tax: $7,070.92

Cap Rate: 4.27

Gross Rent Multiplier: 14.25

Listing Contacts

BS
OR OR 200312221
Opt Real Estate
Listed by Opt Real Estate

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$27,760.00
$2,313.33/mo

Valuation Metrics

0
DSCR
4.27%
Cap Rate
4.27%
ROI

Map

Zoning

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R2.5 ResidentialSingle FamilySingle Dwelling Residential 2500
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brian Spear
License
OR 200312221
Brokerage
Opt Real Estate
Title
Principal Broker
Brokerage Address
4507 Northeast Fremont Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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