Athena, Oregon Triplex
377 E Current St Athena, OR 97813
377 E Current St, Athena, OR, 97813
$399,000
For Sale
$399,000
MULTI_FAMILY - Athena, OR
Property Size2,592 SF
Lot Size0.13 Acres
Price / SF$153.94
Days on Market73
Property Features for 377 E Current St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-COM
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4
- Standard status
- Active
- APN
- 116025
- Size
- 2,592 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- SEC 19 TWN 04N RNG 35, Tax lot 2000 Tri-plex house numbers 377,379,381 E. Current Athena, Or.
- Tax Annual Amount
- 5324
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Metal
Listing agency
Coldwell Banker Farley Company
(541) 276-0021
Listed by
Jerry Baker · License #201211883
(541) 969-6378
Added: May 11 Updated: Jul 11 at 11:34PM Checked: Jul 22 at 8:06AM
MLS# 364861707
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Investment Insights
Based on property information with market context.
This property in Athena, Oregon, presents a great investment opportunity. Constructed in 2003, this triplex has a total area of 2592 square feet and is situated on a 0.13-acre lot. The zoning is R-COM. Currently, two of the units are occupied, generating a total monthly rental income of over $3000.
Key Highlights
- Triplex built in 2003 with 2,592 total SF (m/l)
- Roof is metal
- 2 units currently occupied
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 | $18.7k | $7.20 |
| − Vacancy | −$1.4k | −$0.54 |
| EGI | $17.3k | $6.66 |
| − OpEx | −$5.2k | −$2.00 |
| NOI | $12.1k | $4.66 |
2,592 SF · lease $7.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$172.6K
$151.1K – $201.4K
NOI $12,084 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$159.1K
$139.2K – $185.6K
NOI $11,137 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$542.6K
$474.8K – $633.0K
NOI $37,982 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex in Athena, Oregon, built in 2003, great investment opportunity.
Where is this triplex located?
The property is located at 377 E Current St Athena, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Triplex built in 2003 with 2,592 total SF (m/l); Roof is metal; 2 units currently occupied
