Townhouse-Style
For Sale
$1,395,000
1524 SE HONEYSUCKLE Loop, Warrenton, OR 97146
MultiFamily, Warrenton, OR
Property Size6,472 SF
Lot Size0.25 Acres
Price / SF$215.54
Days on Market168
Property Features for 1524 SE HONEYSUCKLE Loop
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RH
Bedrooms
1
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1
Elementary school
Warrenton
Middle school
Warrenton
High school
Warrenton
Directions
From Hwy 101, go West on SE Ensign Ln. Right on SE Willow Dr. Left on SE Honeysuckle Loop.
Subdivision
_181
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
Legal Description
FOREST RIM 63
Utilities
Heating system
Forced Air
Amenities
private garages
patios
higher-end finishes
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 · License #201225743
(503) 741-0007
Added: Mar 23
Changed: Sep 3
Last Checked: Sep 5 at 11:06PM
MLS# 201694355
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 4-unit quadplex in Warrenton, Oregon, was built in 2017 and contains 6,472 square feet on a 0.25-acre lot. The townhouse-style units include private garages, patios, higher-end finishes, forced-air heating, composition roofs, and individual fire sprinkler systems. Double six-inch separation walls extend to the roof between units.
The property is located near Costco, Walmart, Home Depot, restaurants, and the Pacific Ocean, with beach access approximately 10–12 minutes away. Warrenton also sits between Astoria and the coastal communities of Gearhart and Seaside. Constructed as townhomes, the units may offer flexibility for a future configuration involving four separate tax lots, subject to applicable requirements.
The property is located near Costco, Walmart, Home Depot, restaurants, and the Pacific Ocean, with beach access approximately 10–12 minutes away. Warrenton also sits between Astoria and the coastal communities of Gearhart and Seaside. Constructed as townhomes, the units may offer flexibility for a future configuration involving four separate tax lots, subject to applicable requirements.
Key Highlights
- 4‑unit quadplex built in 2017
- 6,472 square feet on a 0.25‑acre lot
- Townhouse‑style units with private garages and patios
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
$46,483
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
3.33%
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%
$929,660
$929.7K
Cap Rate 7%
$664,043
$664.0K
Cap Rate 9%
$516,478
$516.5K
Market Conditions
NOI Build-Up for 6,472 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
$89.3K $13.80/SF
− Vacancy
−$22.9K −$3.54/SF
EGI
$66.4K $10.26/SF
− OpEx
−$19.9K −$3.08/SF
NOI
$46.5K $7.18/SF
Area
Clatsop County, OR
Vacancy
25.65%
Lease Rate
$13.80 /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%
$929,660
Cap Rate 7%
$664,043
Cap Rate 9%
$516,478
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 97146, OR
7,299
Population
3,449
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
25.6 sq mi
ZIP Area
285
Density / Sq Mi
$79,491
Median Household Income
$46,598
Median Earnings
$1,265
Median Rent
$440,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four townhouse-style units offer private garages, patios, and fire sprinkler systems.
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 quadplex built in 2017; 6,472 square feet on a 0.25‑acre lot; Townhouse‑style units with private garages and patios
