Charming duplex in the heart of the Reed College Neighborhood with a nearly 6% cap rate and room for improvement. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors, gas fireplace & extensive recent improvements including new appliances. Lower unit is 2 bedroom/2 bath and remodeled in 2011. Both units have laundry. All siding was just replaced & painted. Great rents and extremely low vacancy rates. Please do not disturb tenants and make offers subject to interior inspection. Operating expenses do not include property management fee.
Listing Provided Courtesy of Sara Lewis, Windermere Realty Trust
General Information
385340385
181
DOM
6
5662.8 SqFt
3
2700
1944
R2.5
Multnomah
R591049
Grout 3/10
Hosford
Cleveland 5/10
MultiFamily
BERVENS ADD, BLOCK 1, LOT 8
Listing Provided Courtesy of Sara Lewis, Windermere Realty Trust
Krishna Realty data last checked: Mar 16, 2026 13:02 | Listing last modified Mar 03, 2026 14:09,
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Residence Information
2700
6
3
Composition
OffSite
3
1944
No
Brick, LapSiding
Daylight,Finished,FullBasement
Daylight,Finished,Fu
Slab
Features and Utilities
Gas
ForcedAir
PublicSewer
Gas
Gas
Financial
7783.58
Water
Cash,Conventional
09-03-2025
No
No
Comparable Information
181
194
Cash,Conventional
$800,000
$700,000
Mar 03, 2026 14:09
Schools
public Elementary : Grout
3/10Ratings Middle : Hosford N/ARatingspublic High : Cleveland
5/10Ratings
Charming duplex in the heart of the Reed College Neighborhood with a nearly 6% cap rate and room for improvement. Upstairs unit is 4 bedrooms/2 bath with a brand new deck, hardwood floors, gas fireplace & extensive recent improvements including new appliances. Lower unit is 2 bedroom/2 bath and remodeled in 2011. Both units have laundry. All siding was just replaced & painted. Great rents and extremely low vacancy rates. Please do not disturb tenants and make offers subject to interior inspection. Operating expenses do not include property management fee.
