The Portland Duplex Business Is Changing

Some sellers are waiting for the COVID-19 crisis to pass before listing their properties, and this means that we have a lot of "Pocket Listings" at this time.  A "Pocket Listing" is when a seller comes to us and tells us that they would like to sell their property in the future, but they are not ready to list the property on the Multiple Listing Service.

If you are looking for a Duplex, but not finding what you need online, please give us a call at 503-810-2219.  We may have a Pocket Listing that meets your needs.

New City Of Portland landlord/tenant regulations (first come first served processing of applications, low-barrier rental screening criteria) are causing some landlords to consider selling their Portland Duplex in order to exchange it for a multifamily property outside of Portland.

Also, COVID-19 is also causing widespread unemployment, especially in the Restaurant and Hotel Business.  There are new regulations to protect tenants during this difficult time, and landlords need to be aware of these changes.

MORE Portland Duplex Listings Below:

We are Portland Duplex Specialists and have lots of experience with both listing and selling multi family properties. When you are ready to buy or sell a duplex please give Brian a call, 503-810-2219.

Duplexes in Portland are a hot commodity at this time.  Inventory of duplexes is low and demand remains high.  People have their own reasons for purchasing duplexes, but many people are looking for a way to invest in real estate without a huge investment.  If you buy a duplex as an owner occupant, you may be eligible for a FHA loan.  You may be able to put down as little as 3.5%.  If you end up renting the other side to a friend or tenant, you will be able to "share" the burden of a mortgage payment, but the long term benefits of property ownership will reside with the owner... you.

Generally speaking, Portland Duplexes offer more bang for the buck than single family homes.  You will normally have a lower gross rent multiplier on a duplex than on a single family home, so duplexes are also a great way for investors to become landlords. A Gross Rent Multiplier is the Sale Price of the Duplex divided by the annual rent.  For Example, a duplex that sells for $360,000 and it receives $30,000 in annual rent would have a gross rent multiplier of 12.

Cash flow is usually better on duplexes than on single family homes.  Another benefit of duplexes is that if one tenant leaves, you still have an income from the other side.

Often times owners of multi-family property do not like to list their properties because they do not want for their tenants to know that the property may be for sale.  I know of a few duplexes that the seller would be happy to sell, but they are not in the multiple listing service.  If you have been looking for just the right duplex, but you can't find it.  Let me know, I may know of a property that will meet your needs.

We specialize in Duplex and multi family properties, please give Brian a call for more information. 503-810-2219

Thanks,
Brian Porter