Turnkey Duplex with Income
1522 E WASHINGTON Ave Cottage Grove, OR 97424
For Sale
$539,000
MULTI_FAMILY - CottageGrove, OR
Property Size1,992 SF
Lot Size0.26 Acres
Price / SF$270.58
Days on Market88
Property Features for 1522 E WASHINGTON Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Standard status
- Active
- APN
- 1047602
- Size
- 1,992 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- 20-03-28-44-03802
- Tax Annual Amount
- 4710
Utilities
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Heat Pump, Central Air
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle, Composition
Listing Agency:
RE/MAX Integrity
(541) 345-8100
Listed By:
Bob Avery · License #201004019
(541) 510-6184
Added: Apr 27
Changed: Jun 10
Last Checked: Jul 23 at 5:06PM
MLS# 684971736
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.
This turnkey duplex, suitable for owner-occupancy with income potential or multigenerational living, features two units, each with 2 bedrooms, 1.5 baths, and an oversized one-car garage. The property was fully rebuilt down to the studs in 2010 and offers quality finishes, including Lanz birch kitchen cabinets and tile kitchen flooring. Wall-to-wall carpet is installed in the living areas and bedrooms. Vaulted ceilings and ceiling fans enhance both bedrooms. The 1522 unit includes a bonus room. The property includes spacious front and back yards, plus a nearly new Tuff Shed on the owner's side. Located one block from a park with pickleball courts and two blocks from shopping, dining, and everyday services. One unit is currently owner-occupied, while the second unit is rented to a long-term family friend at below-market rent, providing future income potential. The floor plans are similar mirror images, except the 1520 unit does not include the bonus room. The property is situated on a 0.26-acre lot. The total property size is 1992 square feet.
Key Highlights
- Fully rebuilt down to the studs in 2010 with updated finishes throughout
- Duplex with each unit offering 2 bedrooms, 1.5 baths, and an oversized one‑car garage
- 1522 E Washington is owner‑occupied and includes a bonus room (1520 unit does not)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $15.00 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $27.9k | $14.03 |
| − OpEx | −$8.4k | −$4.21 |
| NOI | $19.6k | $9.82 |
1,992 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$279.4K
$244.5K – $325.9K
NOI $19,556 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$260.1K
$227.6K – $303.4K
NOI $18,205 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$504.0K
$441.0K – $588.0K
NOI $35,277 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - High-quality duplex ideal for owner-occupancy or multigenerational living.
Where is this duplex located?
The property is located at 1522 E WASHINGTON Ave Cottage Grove, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Fully rebuilt down to the studs in 2010 with updated finishes throughout; Duplex with each unit offering 2 bedrooms, 1.5 baths, and an oversized one‑car garage; 1522 E Washington is owner‑occupied and includes a bonus room (1520 unit does not)
