Townhome-Style 4-Unit Income
1524 SE HONEYSUCKLE Loop Warrenton, OR 97146
1524 SE HONEYSUCKLE Loop, Warrenton, OR, 97146
$1,395,000
For Sale
$1,395,000
MULTI_FAMILY - Warrenton, OR
Property Size6,472 SF
Lot Size0.25 Acres
Price / SF$215.54
Days on Market122
Property Features for 1524 SE HONEYSUCKLE Loop
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH
- Bedrooms
- 1
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 57018
- Size
- 6,472 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- FOREST RIM 63
- Tax Annual Amount
- 6933
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2017
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing agency
Realty One Group Prestige
(503) 957-1179
Listed by
Cheryl Johnson
(503) 741-0007
Added: Mar 23 Updated: Jul 20 at 8:11PM Checked: Jul 22 at 11:06AM
MLS# 416531359
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 for-sale 4-unit income property at 1524 SE HONEYSUCKLE Loop, Warrenton, OR 97146 is constructed as townhome-style residences and includes private garages and patios for each unit. The building is equipped with fire sprinkler systems, and the units feature double six-inch separation walls that extend to the roof.
Set in Clatsop County and zoned RH, the property is described as being near Fort Stevens and the Pacific Ocean. The remarks also note convenient proximity to major retailers and services, including Costco, Walmart, and Home Depot, with additional access to local dining.
The seller’s remarks highlight future flexibility, including the potential to create four separate tax lots for individual resale. Owner financing is also described as available for a well-qualified buyer with a minimum 25% down payment.
Set in Clatsop County and zoned RH, the property is described as being near Fort Stevens and the Pacific Ocean. The remarks also note convenient proximity to major retailers and services, including Costco, Walmart, and Home Depot, with additional access to local dining.
The seller’s remarks highlight future flexibility, including the potential to create four separate tax lots for individual resale. Owner financing is also described as available for a well-qualified buyer with a minimum 25% down payment.
Key Highlights
- 4‑unit coastal income property built in 2017
- Townhouse‑style units with private garages and patios
- Each unit includes a fire sprinkler system and double 6‑inch separation walls extending to the roof
Local 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 | $89.3k | $13.80 |
| − Vacancy | −$22.9k | −$3.54 |
| EGI | $66.4k | $10.26 |
| − OpEx | −$19.9k | −$3.08 |
| NOI | $46.5k | $7.18 |
6,472 SF · lease $13.80/SF/yr · vacancy 25.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.7K
NOI $46,483 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$601.4K
$526.2K – $701.6K
NOI $42,096 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,718 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four townhouse-style units with private garages and patios, built for fire safety with sprinklers and double separation walls.
Where is this quadplex located?
The property is located at 1524 SE HONEYSUCKLE Loop Warrenton, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 4‑unit coastal income property built in 2017; Townhouse‑style units with private garages and patios; Each unit includes a fire sprinkler system and double 6‑inch separation walls extending to the roof
