Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1591 JAMES St Woodburn, OR 97071

    View on Map
    For Sale
    $1,650,000

    MULTI_FAMILY - Woodburn, OR

    Lot size:
    0.47 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 4 at 9:06 pm

    Property Features for 1591 JAMES St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    12
    Bathrooms
    6
    Rooms
    Bathroom 4, Bedroom 1, Bedroom 9, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 12, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 11, Bathroom 5, Bedroom 2, Bedroom 10
    Standard status
    Active
    APN
    107254
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Description
    MAUNA KAE PARK FR LOT 2 BLK 2
    Tax Annual Amount
    9810

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1969
    Floors in Building
    1
    Number of units
    6
    Roof type
    Composition

    We can help!

    Listing Contact
    Kelly Hagglund
    Kelly Hagglund

    Listing agent Kelly Hagglund License #201219819

    Listing office The Kelly Group Real Estate 215 N Blaine St, Newberg, OR

    Listing date Feb 9, 2026

    MLS# 568821202

    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.

    Overview

    Six-Unit Multifamily Investment Opportunity

    This is an excellent investment opportunity featuring three well-maintained duplexes, totaling six fully occupied units with predominantly long-term tenants. Each unit includes 2 bedrooms, 1 bathroom, and an attached 1-car garage. Units are equipped with a refrigerator, range, and washer and dryer hookups. The property is located in Woodburn, Oregon, near shopping, dining, and everyday amenities. The lot size is 0.47 acres. Tenants are responsible for all utilities. Landscaping is professionally maintained at the property's expense. The property is zoned RM. This property offers built-in income and minimal day-to-day oversight.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodburn
    County
    Marion
    State
    Oregon
    Longitude
    -122.83639
    Latitude
    45.147631

    Nearby Similar for Sale

    • $8,160,000
      13,850 SF

      Woodburn Retail Investment Opportunity

      100% leased retail property near Woodburn Premium Outlets.
      105 North Arney Road, Woodburn, OR 97071
      View Details
    • $4,900,000
      13,848 SF

      Historic Downtown Woodburn Redevelopment Opportunity

      Historic 13,000+ SF building, fully remodeled, downtown Woodburn location.
      550 N 1ST, Woodburn, OR 97071
      View Details
    • $1,199,000

      New Triplex Investment Opportunity

      New triplex in Woodburn with territorial views and modern amenities.
      1554 1588 Barn St, Woodburn, OR 97071
      View Details
    • Contact for pricing

      Industrial Building with Rail Access

      28,500 SF industrial building near Highway 99.
      1660 Silverton Road, Woodburn, OR 97071
      View Details
    • $1,100,000

      Entitled Multifamily Development Opportunity

      35-unit multifamily development opportunity in Woodburn with approved permits.
      119 N Pacific, Woodburn, OR 97071
      View Details
    • $4,800,000
      23,082 SF

      Woodburn Automotive Service Business

      Automotive service business with multiple bays and storage.
      555 N PACIFIC, Woodburn, OR 97071
      View Details
    • $1,225,000
      6,479 SF

      Woodburn Office Building For Sale

      1.89-acre property with 6,479 sq ft building in Woodburn.
      1480 NE Laurel Ave, Woodburn, OR 97071
      View Details
    • $1,225,000
      6,479 SF

      Woodburn Office Building on Acreage

      1.89-acre property with 6,479 sq ft building in Woodburn.
      1480 NE LAUREL Ave, Woodburn, OR 97071
      View Details
    • $48,200

      Woodburn Residential Income Property

      Residential income property for sale in Woodburn, Oregon.
      1999 Jansen #6 Wy #6, Woodburn, OR 97071
      View Details
    • $4,800,000
      23,082 SF

      Automotive Service Business Opportunity

      Established automotive service business for sale in Woodburn, Oregon.
      555 N PACIFIC Hwy, Woodburn, OR 97071
      View Details

    FAQs

    What type of property is this?
    Duplex - Six-unit multifamily property with long-term tenants in Woodburn, Oregon.
    Where is this duplex located?
    The property is located at 1591 JAMES St Woodburn, OR.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Excellent investment opportunity with six fully occupied units.; Predominantly long‑term tenants already in place, ensuring stable income.; Each unit includes 2 bedrooms, 1 bathroom, and an attached 1‑car garage.
    (503) 330-2089
    We can help!
    Listing Contact
    Kelly Hagglund
    Kelly Hagglund
    Real Estate License ID: 201219819
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!