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1506 NE EMERSON ST

Portland, OR 97211

$525,000

Prime location just two blocks from NE Alberta Street! This classic 1950s duplex offers timeless mid-century character, an excellent floor plan, and an outstanding investment opportunity. One unit is currently rented on a month-to-month lease, while the other is vacant and ready to rent or call home! Both units are… Read MoreRead Less

Listing courtesy of Opt.

Listing Snapshot

Days Online

Last Updated

Oct 28, 2026

Square Ft.

1,544

Lot Size

0.12 Acres

Year Built

1951

MLS Number

730139711

30 Days Snapshot Of 97211

$633k

+8%

(avg) sold price

+13%

homes sold

-35%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 1544, Built in 1951, Storage: Attached, Garage, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: WallUnit

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $7,263

Exterior Features

Exterior Description: BoardBattenSiding, Cedar, ShakeSiding

Foundation

Foundation Details: ConcretePerimeter

Garage

Garage Spaces: 1

Heating

Heating: ForcedAir

Income

CAP Rate: 6.1, Gross Income: $39,300, Gross Rent Multiplier: 13.36, Net Operating Income: $32,037

Lot

Features: CornerLot, Level, OnBusline, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner, Leases

Parking

Features: Garage, OffStreet, 2 total parking spots

Property

Number Of Units Total: 2, Property Condition: Approximately, Zoning: R2.5

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $3,750, Legal Description, Tax Year: 2025

Unit One

Area: 772, Features: AirConditioning, HardwoodFloors, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Two

Actual Rent: $1,675, Area: 772, Features: AirConditioning, HardwoodFloors, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Gas, Hot Water Description: Electricity, Tank, Water Source: PublicWater

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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 Living Room Realty 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 Oct 28, 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 Oct 28, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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1506 NE EMERSON ST

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