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
- Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3
- 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 2:06PM
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 for-sale quadplex features four townhouse-style units built as a low-maintenance income property configuration. Each unit includes a private garage and a patio, and is equipped with a fire sprinkler system. The building also incorporates double six-inch separation walls that extend to the roof for enhanced fire protection.
The property is located at 1524 SE Honeysuckle Loop in Warrenton, Oregon (Clatsop County), near Fort Stevens and the Pacific Ocean. The listing notes the area’s convenience to major retailers and local dining, with the beach described as roughly 10–12 minutes away.
The property sits on approximately 0.25 acres and totals about 6,472 square feet. Constructed as townhomes, the units are described as offering potential flexibility related to creating separate tax lots.
The property is located at 1524 SE Honeysuckle Loop in Warrenton, Oregon (Clatsop County), near Fort Stevens and the Pacific Ocean. The listing notes the area’s convenience to major retailers and local dining, with the beach described as roughly 10–12 minutes away.
The property sits on approximately 0.25 acres and totals about 6,472 square feet. Constructed as townhomes, the units are described as offering potential flexibility related to creating separate tax lots.
Key Highlights
- 2017‑built 4‑unit income property near Fort Stevens and the Pacific Ocean on the North Oregon Coast
- 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 townhome-style units include private garages and patios, each with a fire sprinkler system and separated 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: 2017‑built 4‑unit income property near Fort Stevens and the Pacific Ocean on the North Oregon Coast; 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
