Multi-Family Home with Attached
690 E 1ST Ave Estacada, OR 97023
For Sale
$642,400
MULTI_FAMILY - Estacada, OR
Property Size2,680 SF
Price / SF$239.70
Days on Market124
Property Features for 690 E 1ST Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Contact
Bedrooms
6
Bathrooms
4
Rooms
Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 4
Standard status
Active
APN
05034755
Size
2,680 SF
Taxes and HOA fees
Tax Description
SUBDIVISION BYRDS NEST ESTATES 4578 LT 3
Tax Annual Amount
5786
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air, Heat Pump
Building Details
Year built
2020
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Jason Preuit · License #200408054
(503) 984-9887
Added: Mar 26
Changed: Jul 12
Last Checked: Jul 27 at 4:06PM
MLS# 286434335
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 multi-family home features a main residence with 4 bedrooms and 2.5 baths, paired with a fully attached ADU designed with a private entrance. The ADU includes 2 bedrooms, 1 bath, a full kitchen, living space, a dedicated laundry room, and a 1-car garage. Both the main home and ADU are described as having a clean, modern finish with laminate flooring, quartz countertops, and stainless steel appliances.
Outside, the property includes a thoughtfully designed backyard with separate, low-maintenance fenced areas intended to support privacy and functionality for both living spaces. The layout also offers potential space for RV parking.
Located at 690 E 1st Ave in Estacada, Oregon, this configuration provides dual living flexibility and additional income potential through the attached ADU setup.
Outside, the property includes a thoughtfully designed backyard with separate, low-maintenance fenced areas intended to support privacy and functionality for both living spaces. The layout also offers potential space for RV parking.
Located at 690 E 1st Ave in Estacada, Oregon, this configuration provides dual living flexibility and additional income potential through the attached ADU setup.
Key Highlights
- 2020‑built home with 6 total bedrooms and 4 bathrooms across the main home and attached ADU
- Attached ADU with private entrance includes 2 bedrooms, 1 bath, full kitchen, living space, and dedicated laundry room
- Main home offers 4 bedrooms and 2.5 baths, designed for combined or separate living with the ADU
Financial Insights For Apartment 5plus
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 | $65.9k | $24.60 |
| − Vacancy | −$3.4k | −$1.25 |
| EGI | $62.6k | $23.35 |
| − OpEx | −$28.2k | −$10.51 |
| NOI | $34.4k | $12.84 |
2,680 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 5.36%
Second Best
Multifamily LT 5
$480.9K
$420.8K – $561.1K
NOI $33,664 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,638 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Main home with 4 bedrooms and 2.5 baths plus an attached ADU with private entrance, 2 bedrooms, and 1-car garage.
Where is this duplex located?
The property is located at 690 E 1ST Ave Estacada, OR.
What is the asking price?
The asking price for this property is $642,400.
What are key features of this property?
This property features: 2020‑built home with 6 total bedrooms and 4 bathrooms across the main home and attached ADU; Attached ADU with private entrance includes 2 bedrooms, 1 bath, full kitchen, living space, and dedicated laundry room; Main home offers 4 bedrooms and 2.5 baths, designed for combined or separate living with the ADU
