Shawn Realty 503-515-4499
1,544 sq ft
1506 NE EMERSON ST, Portland, OR 97211
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- Building Area
- 1,544 sq ft
- Price/Sq Ft
- $340/sq ft
- Year Built
- 1951
- Garage
- 1 space
- County
- Multnomah
- Annual Tax
- $3,750 (2025)
- HOA
- None
- Days on Market
- 14 days
- Open House
- None scheduled
Monthly payment
$3,623 per month
- Principal & interest$3,201
- Property taxes$313
- HOA dues$0
- Home insurance$109
- Utilities$0
10% down · 30-year fixed · 7.18% rate · 7.281% APR (est.)
Rate: Freddie Mac weekly average, as of 11/05/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.18% (7.281% APR, estimated). Rate: Freddie Mac weekly average, as of 11/05/2026.
- Down payment: 10% ($52,500) on $525,000; loan $472,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $313/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $109/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
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 similar in size and layout, featuring hardwood floors throughout, a spacious, light-filled living room that flow into the dining area and kitchen, which have been updated over the years. Each unit offers two bedrooms with closets, wall-mounted air conditioning, forced-air gas heat, their own washer and dryer, and outdoor patio area. One unit features an attached garage and additional parking, while the other offers off-street parking and a storage shed. Numerous updates add to the appeal, including vinyl windows throughout, with the exception of the large picture windows; roof replaced in 2017; furnaces replaced in 2017; and water heaters replaced in 2022. Each unit has its own electrical and gas meters, with water service split between the units. Enjoy exceptional walkability and bikeability in this highly desirable NE Portland location! With a Walk Score of 94 out of 100 (Walker's Paradise) and a Bike Score of 100 out of 100 (Biker's Paradise), you're just two blocks from the shops, coffee houses, and restaurants along NE Alberta Street and Killingsworth Street, including popular favorites like Tin Shed and Hat Yai, along with many other beloved Portland eateries. The property is also conveniently located on a bus line, making it easy to get around without a car. This location has proven popular with renters, attracting multiple applicants whenever a unit becomes available. Whether you're looking to expand your investment portfolio or live in one unit while renting the other to help offset your mortgage, this charming duplex offers versatility, classic mid-century character, and an unbeatable location in the heart of NE Portland!
Facts & Features
| Property Type | Multi Family |
|---|---|
| Building Area (sq ft) | 1544 |
| Lot Size (acres) | 0.12 |
| Lot Size (sq ft) | 5227 |
| Year Built | 1951 |
| Garage Spaces | 1 |
| County | Multnomah |
| Subdivision | VERNON/ALBERTA ARTS |
| Elementary School | Vernon |
| Middle School | Vernon |
| High School | Jefferson |
| Heating | Forced Air |
| Cooling | Wall Unit |
| Basement | Crawl Space |
| Roof | Composition |
| View | No |
| Lot Features | Corner Lot, Level, On Busline |
| Parking | Garage, Off Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $3,750 |
| Tax Year | 2025 |
| Original List Price | $525,000 |
| RMLS # | 730139711 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Jamie McWilliams • Opt
Listing updated: Oct 28, 2026 at 1:47pm
Source: RMLS #730139711
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name 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 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty