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15540-15542 NE COUCH ST PORTLAND OR 97236 15540 NE Couch St 2 Unit Apartment Building $499,000 ($249,500/Unit) 6.47% Cap Rate Portland, OR 97230
Investment Highlights
- ONE LEVEL DUPLEX
- ATTACHED 1 CAR GARAGE
- 100% OCCUPIED
Executive Summary
Great Investment Opportunity – Duplex Near Glenfair Park!Well-maintained duplex featuring one 3-bedroom, 2-bath unit and one 2-bedroom, 1.5-bath unit — both with fireplaces, washer/dryer hookups, and attached 1-car garages plus additional off-street parking. The property has a south-facing yard and sits in a desirable location near Glenfair Park.Each unit offers upgraded interiors and long-term tenants in place, providing immediate rental income. Current rents are $1,600 and $1,525 per month. Showings are available only after mutual acceptance. Buyer to obtain and honor existing one-year leases. Don’t miss this solid, income-producing property — a great addition to your investment portfolio!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,500
|
$20.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,500
|
$20.29
|
| Taxes |
$5,206
|
$2.82
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,206
|
$2.82
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $20.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $20.29 |
| Taxes | |
|---|---|
| Annual | $5,206 |
| Annual Per SF | $2.82 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,206 |
| Annual Per SF | $2.82 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $499,000 | Property Subtype | Apartment |
| Price Per Unit | $249,500 | Building Class | C |
| Sale Type | Investment | Building Size | 1,848 SF |
| Cap Rate | 6.47% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1970/2010 |
| Property Type | Multifamily | Parking Ratio | 0.54/1,000 SF |
| Zoning | RM1 - The RM1 zone is a low-scale multi-dwelling zone applied along neighborhood corridors in locations near single-dwelling residential areas. | ||
| Price | $499,000 |
| Price Per Unit | $249,500 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 1,848 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2010 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | RM1 - The RM1 zone is a low-scale multi-dwelling zone applied along neighborhood corridors in locations near single-dwelling residential areas. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $1,525 | 914 |
| 3+1.5 | 1 | $1,600 | 914 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R158295 | Total Assessment | $234,530 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $5,206 ($2.82/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R158295
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$234,530 (2025)
Annual Taxes
$5,206 ($2.82/SF)
Tax Year
2024
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15540-15542 NE COUCH ST PORTLAND OR 97236 | 15540 NE Couch St
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