Two-Unit Duplex with
2133 Northtree Dr NE Keizer, OR 97303
2133 Northtree Dr NE, Keizer, OR, 97303
$479,900
For Sale
$479,900
MULTI_FAMILY - Keizer, OR
Property Size1,786 SF
Lot Size0.21 Acres
Price / SF$268.70
Days on Market27
Property Features for 2133 Northtree Dr NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- 556386
- Size
- 1,786 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- NORTHTREE ESTATES, BLOCK 1, LOT 17, ACRES 0.206
- Tax Annual Amount
- 3716
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing agency
HomeSmart Realty Group
(971) 599-5865
Listed by
Ande Hofmann
(503) 881-3888
Added: Jun 26 Updated: Jul 12 at 2:32PM Checked: Jul 22 at 5:06AM
MLS# 465980029
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 duplex contains two separate units, with each offering 2 bedrooms and 1 bathroom. Both units include a fireplace, fenced backyard, and a single-car attached garage. The property has undergone recent updates including new carpet and new exterior paint.
The duplex is located in a residential neighborhood convenient to schools, Keizer Station, and I-5 access. The property sits on a 0.21-acre lot.
For tenants or buyers seeking a straightforward residential income setup, the uniform unit layout may simplify leasing and maintenance. The Northtree unit has passed Section 8 requirements, which may be helpful for applicants using that housing program.
The duplex is located in a residential neighborhood convenient to schools, Keizer Station, and I-5 access. The property sits on a 0.21-acre lot.
For tenants or buyers seeking a straightforward residential income setup, the uniform unit layout may simplify leasing and maintenance. The Northtree unit has passed Section 8 requirements, which may be helpful for applicants using that housing program.
Key Highlights
- Duplex built in 1974 in a residential neighborhood
- Each unit features 2 bedrooms, 1 bathroom, and a fireplace
- Both units include fenced backyards and single‑car, attached garages
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 | $20.8k | $11.64 |
| − Vacancy | −$1.4k | −$0.77 |
| EGI | $19.4k | $10.87 |
| − OpEx | −$5.8k | −$3.26 |
| NOI | $13.6k | $7.61 |
1,786 SF · lease $11.64/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$194.2K
$169.9K – $226.5K
NOI $13,592 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.5K
NOI $12,632 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$420.0K
$367.5K – $490.1K
NOI $29,403 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex in Keizer offers two 2-bedroom units, each with fenced yard and attached garage.
Where is this duplex located?
The property is located at 2133 Northtree Dr NE Keizer, OR.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Duplex built in 1974 in a residential neighborhood; Each unit features 2 bedrooms, 1 bathroom, and a fireplace; Both units include fenced backyards and single‑car, attached garages
