Duplex with Attached
For Sale
$639,900
1048 NE REGAN HILL Loop, Estacada, OR 97023
MultiFamily, Estacada, OR
Property Size2,680 SF
Price / SF$238.77
Days on Market169
Property Features for 1048 NE REGAN HILL Loop
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
city
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 4
View
Park
Elementary school
Clackamas River
Middle school
Estacada
High school
Estacada
Directions
Hwy 224 N on Main E on 4th to Regan Hill Loop
Subdivision
_145
Standard status
Active
APN
05033378
Size
2,680 SF
Taxes and HOA fees
Tax Description
SUBDIVISION REGAN HILL ACRES 3 4541 LT 11
Tax Annual Amount
5356
Legal Description
SUBDIVISION REGAN HILL ACRES 3 4541 LT 11
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air, Heat Pump
Water front features
Creek
Water front
1
Amenities
deck
fenced areas
Building Details
Year built
2021
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Jason Preuit · License #200408054
(503) 984-9887
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 10 at 8:06PM
MLS# 706441135
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 2,680-square-foot duplex combines a primary residence with an attached accessory dwelling unit. The main home includes four bedrooms and 2.5 baths. The ADU has a private entrance, two bedrooms, one bath, a full kitchen, living area, dedicated laundry room, and one-car garage. Both residences feature laminate flooring, quartz countertops, and stainless steel appliances.
Outdoor improvements include a low-maintenance deck and fenced areas arranged for privacy between the two living spaces. Heating is provided by heat pump and forced-air systems, with central air and heat-pump cooling. The property also includes creek waterfront features and a composition roof. Located in Estacada, Oregon, the duplex is zoned city.
Outdoor improvements include a low-maintenance deck and fenced areas arranged for privacy between the two living spaces. Heating is provided by heat pump and forced-air systems, with central air and heat-pump cooling. The property also includes creek waterfront features and a composition roof. Located in Estacada, Oregon, the duplex is zoned city.
Key Highlights
- 2,680 square feet across a primary residence and attached ADU
- Main home offers 4 bedrooms and 2.5 baths
- ADU includes 2 bedrooms, 1 bath, full kitchen, living area, and dedicated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,411
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,220
$688.2K
Cap Rate 7%
$491,586
$491.6K
Cap Rate 9%
$382,344
$382.3K
Market Conditions
NOI Build-Up for 2,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.9K $24.60/SF
− Vacancy
−$3.4K −$1.25/SF
EGI
$62.6K $23.35/SF
− OpEx
−$28.2K −$10.51/SF
NOI
$34.4K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,220
Cap Rate 7%
$491,586
Cap Rate 9%
$382,344
Alternative Uses
Best Use
Apartment 5plus
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 5.38%
Second Best
Multifamily LT 5
$480.9K
$420.8K – $561.1K
NOI $33,664 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,638 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 97023, OR
11,676
Population
4,718
Households
2.5
Avg Household Size
42
Median Age
16%
College-Educated
93%
High-School Grad
196.5 sq mi
ZIP Area
59
Density / Sq Mi
$74,701
Median Household Income
$38,563
Median Earnings
$1,079
Median Rent
$530,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Modern dual-living property with separate entrances, private outdoor areas, and updated finishes throughout.
Where is this duplex located?
The property is located at 1048 NE REGAN HILL Loop Estacada, OR.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: 2,680 square feet across a primary residence and attached ADU; Main home offers 4 bedrooms and 2.5 baths; ADU includes 2 bedrooms, 1 bath, full kitchen, living area, and dedicated laundry
