Under-Construction
For Sale
$829,900
1251 Brown -1255 St, Woodburn, OR 97071
MULTI_FAMILY - Woodburn, OR
Property Size3,254 SF
Lot Size0.16 Acres
Price / SF$255.04
Days on Market42
Property Features for 1251 Brown -1255 St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
residential
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 6, Bedroom 6
Patio and Porch features
Deck
Fireplace
1
Lot features
Dimension Above, Lot: 3
View
Territorial
Elementary school
Lincoln
Middle school
Valor
High school
Woodburn
Directions
99e west on cleveland ,south on brown st
Standard status
Active
Size
3,254 SF
Lot size
0.16 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Hot Water(Heating), Central
Amenities
fenced yard
landscaping
laundry
Building Details
Year built
2026
Number of units
2
Flooring type
Carpet, Vinyl
Roof type
Composition
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
VASSA BODUNOV
(503) 951-1020
Added: Jul 27
Changed: Aug 10
Last Checked: Sep 6 at 2:06AM
MLS# 843926
Copyright © 2026 Willamette Valley Multiple Listing Service. 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.
New duplex under construction in Woodburn, OR (1251 Brown (-1255) St) built in 2026. The layout includes an open-concept living, dining, and kitchen area with stainless steel appliances and an ice maker, along with a master en-suite and laundry on the main floor. Flooring includes vinyl and carpet, and the home has central heating with forced air and hot water, plus electric heating. A fireplace is also included.
Outside, the property features a deck and a fenced yard with a sprinkler system and landscaping. Parking is provided by an attached garage with an EV charger.
The lot size is 0.16 acres, and the property size is 3,254 square feet. Zoning is residential.
Outside, the property features a deck and a fenced yard with a sprinkler system and landscaping. Parking is provided by an attached garage with an EV charger.
The lot size is 0.16 acres, and the property size is 3,254 square feet. Zoning is residential.
Key Highlights
- Under construction duplex built in 2026
- 0.16‑acre lot with 3,254 square feet
- Open‑concept living, dining, and kitchen with stainless appliances and ice maker
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
$24,764
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
2.98%
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%
$495,280
$495.3K
Cap Rate 7%
$353,771
$353.8K
Cap Rate 9%
$275,156
$275.2K
Market Conditions
NOI Build-Up for 3,254 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
$37.9K $11.64/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$35.4K $10.87/SF
− OpEx
−$10.6K −$3.26/SF
NOI
$24.8K $7.61/SF
Area
Marion County, OR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
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%
$495,280
Cap Rate 7%
$353,771
Cap Rate 9%
$275,156
Alternative Uses
Best Use
Multifamily LT 5
$353.8K
$309.6K – $412.7K
NOI $24,764 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$328.8K
$287.7K – $383.6K
NOI $23,014 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$765.3K
$669.6K – $892.8K
NOI $53,570 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 97071, OR
30,777
Population
10,595
Households
2.9
Avg Household Size
35
Median Age
17%
College-Educated
72%
High-School Grad
51.7 sq mi
ZIP Area
595
Density / Sq Mi
$70,130
Median Household Income
$35,927
Median Earnings
$1,382
Median Rent
$316,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - New duplex under construction with fenced yard, deck, and an attached garage featuring an EV charger.
Where is this duplex located?
The property is located at 1251 Brown -1255 St Woodburn, OR.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Under construction duplex built in 2026; 0.16‑acre lot with 3,254 square feet; Open‑concept living, dining, and kitchen with stainless appliances and ice maker
