1244/1246 NE 118TH AVE

Portland, OR 97220

Active

Multifamily

Virtual Tour

$595,000

Charming 1954 duplex, offering two units each with 2 bedrooms and 1 bathroom, one of the bedrooms is located on the main floor, the lower-level bedroom is non-conforming. Recent improvements include new exterior & interior paint, newer furnaces, hot water heater, washer/dryers, sheds, radon mitigation system, window treatments, newer decking,… Read MoreRead Less

Listing courtesy of Windermere Realty Trust.

Listing Snapshot

Days Online

Last Updated

Apr 22, 2026

Square Ft.

2,010

Lot Size

0.22 Acres

Year Built

1954

MLS Number

781281979

30 Days Snapshot Of 97220

$427k

(avg) sold price

+16%

homes sold

-47%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: PartialBasement

Building

Building Area Total: 2010, Built in 1954, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: WallUnit

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $5,280

Exterior Features

Exterior Description: LapSiding, T111Siding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: ForcedAir

Income

CAP Rate: 6.25, Gross Income: $40,200, Gross Rent Multiplier: 14.8, Net Operating Income: $37,200

Lot

Features: Level, Size Acres: 0.22, Size Range: SqFt7000to9999, Size Square Feet: 9,583, Size: 7,000 to 9,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Parking

Features: OffStreet, Paved, 4 total parking spots

Property

Number Of Units Total: 2, Zoning: R7

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $5,049, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,650, Area: 735, Features: AirConditioning, Refrigerator, WasherDryer, WoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,800, Area: 735, Features: AirConditioning, Refrigerator, WasherDryer, WoodFloors, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Gas, Hot Water Description: Electricity, Internet Service Type: Cable, Water Source: PublicWater

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Apr 22, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Apr 22, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Find My Dream Home

Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.

Preferred neighborhoods *

- First Name *
- Last Name *
Email *
Phone

I agree to receive a marketing communication via voice call, AI voice call, text message or similar automated means from Jamie Meushaw. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy *

Menu

1244/1246 NE 118TH AVE

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send