Two-Unit Duplex with
704 NW 4TH St Pendleton, OR 97801
For Sale
$349,000
MULTI_FAMILY - Pendleton, OR
Property Size2,416 SF
Lot Size0.17 Acres
Price / SF$144.45
Days on Market72
Property Features for 704 NW 4TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Standard status
Active
APN
104447
Size
2,416 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Tax map 2N3203DA08400
Tax Annual Amount
2951
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Coldwell Banker Farley Company
(541) 276-0021
Listed By:
Jef Farley · License #910300054
(541) 276-0021
Added: May 20
Changed: Jul 18
Last Checked: Jul 30 at 11:06AM
MLS# 539663343
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 two-story duplex provides two separate units with 2 bedrooms and 1 bathroom each. Each unit is reported to include a large kitchen with built-in dishwashers, laundry hookups, and forced air heat and cooling. The property also features decks for both units. An unfinished basement/crawl area is included for storage, with potential for alternate development.
The duplex is located at 704 NW 4TH St in Pendleton, OR, on an R1-zoned lot. Off-street parking is available, and the seller pays water, sewer, and garbage.
The upstairs unit is currently rented at $1,250 per month and is expected to be vacant by the end of June. The downstairs unit is currently rented at $1,150 per month. Current rents are stated in the listing remarks.
The duplex is located at 704 NW 4TH St in Pendleton, OR, on an R1-zoned lot. Off-street parking is available, and the seller pays water, sewer, and garbage.
The upstairs unit is currently rented at $1,250 per month and is expected to be vacant by the end of June. The downstairs unit is currently rented at $1,150 per month. Current rents are stated in the listing remarks.
Key Highlights
- Duplex built in 1979 with 2 bedrooms and 1 bathroom per unit and 1,208 SF (m/l) per unit
- Central air and forced air heating; roof type is composition
- Each unit has a deck with views of downtown and the Blue Mountains
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 | $17.4k | $7.20 |
| − Vacancy | −$1.3k | −$0.54 |
| EGI | $16.1k | $6.66 |
| − OpEx | −$4.8k | −$2.00 |
| NOI | $11.3k | $4.66 |
2,416 SF · lease $7.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$160.9K
$140.8K – $187.7K
NOI $11,263 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$505.8K
$442.5K – $590.1K
NOI $35,403 @ 7.0% cap · market cap 10.14%
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 - A two-story duplex offering two 2-bedroom, 1-bath units, each with a private deck and off-street parking.
Where is this duplex located?
The property is located at 704 NW 4TH St Pendleton, OR.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex built in 1979 with 2 bedrooms and 1 bathroom per unit and 1,208 SF (m/l) per unit; Central air and forced air heating; roof type is composition; Each unit has a deck with views of downtown and the Blue Mountains
