Description

This well-maintained duplex in Portland’s vibrant Cully neighborhood presents an excellent turnkey investment opportunity with strong income potential and room for future growth. Both units have been thoughtfully updated with modern kitchens and bathrooms, featuring contemporary cabinetry, quartz countertops, and stainless-steel appliances. Designed in a townhouse-style layout, the units include new rear sliding doors, electric fireplaces, private patios, individual storage spaces, and in-unit washers and dryers, enhancing tenant appeal and convenience. The property also offers assigned off-street parking, adding further value for residents. Ideally located near Northeast 42nd Avenue, Alberta Street, Fernhill Park, and Portland International Airport, the duplex benefits from easy access to popular amenities, recreation, and transportation corridors. Currently generating annual rental income of $39,600 and offered at an attractive 10.5 Gross Rent Multiplier (GRM), this property represents a compelling investment opportunity in one of Northeast Portland’s most dynamic neighborhoods.