Remodeled Duplex with
For Sale
$619,900
2143 DORSEY Dr, Hubbard, OR 97032
MultiFamily, Hubbard, OR
Property Size2,608 SF
Lot Size0.20 Acres
Price / SF$237.69
Days on Market142
Property Features for 2143 DORSEY Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6
Elementary school
North Marion
Middle school
North Marion
High school
North Marion
Directions
5th St and Baines
Subdivision
_170
Standard status
Active
APN
329744
Size
2,608 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
ANDREW COMMONS, LOT 14
Tax Annual Amount
5124
Legal Description
ANDREW COMMONS, LOT 14
Utilities
Heating system
Forced Air
Building Details
Year built
2003
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
HomeSmart Realty Group · HomeSmart International
(971) 599-5865
Listed By:
Chun Truong · License #199911024
(503) 851-3167
Added: May 18
Changed: Sep 28
Last Checked: Oct 6 at 8:06AM
MLS# 188376874
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 2,608-square-foot duplex, built in 2003, contains two occupied residences with open floor plans and one-car garages for each unit. The property sits on a 0.2-acre lot and has been recently remodeled. Both units are subject to 1-year leases, providing an established rental arrangement for the next owner.
The property backs to a nature preserve, creating a private rear setting. R1 zoning, forced-air heating, and a composition roof add to the existing building profile. Located in Hubbard, Oregon, the duplex offers a compact residential income configuration with two separate units and dedicated garage space.
The property backs to a nature preserve, creating a private rear setting. R1 zoning, forced-air heating, and a composition roof add to the existing building profile. Located in Hubbard, Oregon, the duplex offers a compact residential income configuration with two separate units and dedicated garage space.
Key Highlights
- 2,608‑square‑foot duplex on a 0.2‑acre lot
- Both units occupied under 1‑year leases
- Recently remodeled with open floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,847
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,940
$396.9K
Cap Rate 7%
$283,529
$283.5K
Cap Rate 9%
$220,522
$220.5K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$30.4K $11.64/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$28.4K $10.87/SF
− OpEx
−$8.5K −$3.26/SF
NOI
$19.8K $7.61/SF
Area
Marion County, OR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,940
Cap Rate 7%
$283,529
Cap Rate 9%
$220,522
Alternative Uses
Best Use
Multifamily LT 5
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$613.4K
$536.7K – $715.6K
NOI $42,935 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 97032, OR
5,188
Population
1,805
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
290
Density / Sq Mi
$100,301
Median Household Income
$47,561
Median Earnings
$1,492
Median Rent
$444,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Recently remodeled two-unit property with occupied residences, garage parking, and a private setting near a nature preserve.
Where is this duplex located?
The property is located at 2143 DORSEY Dr Hubbard, OR.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 2,608‑square‑foot duplex on a 0.2‑acre lot; Both units occupied under 1‑year leases; Recently remodeled with open floor plans
