Duplex Built in
1640 19TH St Florence, OR 97439
1640 19TH St, Florence, OR, 97439
$475,000
For Sale
$475,000
MULTI_FAMILY - Florence, OR
Property Size1,680 SF
Lot Size0.14 Acres
Price / SF$282.74
Days on Market47
Property Features for 1640 19TH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HR
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 1
- Standard status
- Active
- APN
- 0791887
- Size
- 1,680 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- 18-12-26-22-06000
- Tax Annual Amount
- 2734
Utilities
- Heating system
- Heat Pump (Heating), Ductless (Heating)
- Cooling system
- Heat Pump, Wall Unit(s)
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency
TR Hunter Real Estate
(541) 997-1200
1749 Hwy 101, Florence, OR
Listed by
Vanessa Buss · License #201260194
(541) 991-0478
Added: Jun 2 Checked: Jul 18 at 2:06 pm
MLS# 460153542
Listing URL
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.
Built in 2018, this duplex includes two separate 1-bedroom, 1-bath residences. Each unit features a dedicated office that can serve as an additional sleeping space, along with oversized primary bedrooms and open-concept living areas. Interiors include in-unit washer and dryer, dishwasher, stove, and refrigerator, plus ductless heat pumps and LVP flooring. The property also offers garages, ample on-site parking, and spacious backyard areas, supported by low-maintenance landscaping.
Located in Florence, Oregon, the property is described as being just minutes from local schools and a community park. With the HR zoning noted for the site, the asset is positioned to serve residents seeking a straightforward, residential income setup close to everyday community needs.
For buyers, this duplex is presented as turnkey and maintained, with contemporary construction and practical unit amenities that support everyday livability. The two-unit configuration with flexible office/bedroom use, combined with garages and outdoor space, can fit a range of tenant preferences while keeping property operations relatively simple under one ownership structure.
Located in Florence, Oregon, the property is described as being just minutes from local schools and a community park. With the HR zoning noted for the site, the asset is positioned to serve residents seeking a straightforward, residential income setup close to everyday community needs.
For buyers, this duplex is presented as turnkey and maintained, with contemporary construction and practical unit amenities that support everyday livability. The two-unit configuration with flexible office/bedroom use, combined with garages and outdoor space, can fit a range of tenant preferences while keeping property operations relatively simple under one ownership structure.
Key Highlights
- Duplex built in 2018 with two 1‑bedroom, 1‑bath residences
- Each unit includes a dedicated office that can be used as an additional bedroom
- In‑unit laundry plus kitchen appliances: dishwasher, stove, and refrigerator
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 | $25.2k | $15.00 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $23.6k | $14.03 |
| − OpEx | −$7.1k | −$4.21 |
| NOI | $16.5k | $9.82 |
1,680 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$219.3K
$191.9K – $255.9K
NOI $15,354 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$425.0K
$371.9K – $495.9K
NOI $29,751 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey duplex with two 1-bedroom units, in-unit laundry, garages, and outdoor space for tenant comfort.
Where is this duplex located?
The property is located at 1640 19TH St Florence, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex built in 2018 with two 1‑bedroom, 1‑bath residences; Each unit includes a dedicated office that can be used as an additional bedroom; In‑unit laundry plus kitchen appliances: dishwasher, stove, and refrigerator
