Duplex With Private
New
For Sale
$504,999
763 Columbine Way, Central Point, OR 97502
Residential Income, Central Point, OR
Property Size2,070 SF
Lot Size0.18 Acres
Price / SF$243.96
Days on Market1
Property Features for 763 Columbine Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-3
Parking features
On Street, Open, Carport
Window features
Vinyl Frames
Patio and Porch features
Porch
Interior features
Laminate Counters, Linen Closet, Open Floorplan, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater
Subdivision
Countryside Village Subdivision Phase 2
Lot features
Fenced, Level, Sprinklers In Rear
View
Territorial
Elementary school
Central Point Elem
Middle school
Scenic Middle
High school
Crater High
Directions
GPS
Standard status
Active
APN
10202502
Size
2,070 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4386
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
open-concept kitchen and living area
private backyards
garages
carports
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Carpet, Laminate
Building materials
Frame
Roof type
Composition
Listing Agency:
RE/MAX Integrity Grants Pass · RE/MAX International
(541) 955-8483
Listed By:
Valerie R Mall · License #201208004
(541) 770-3325
Added: Sep 14
Last Checked: Sep 14 at 5:06PM
MLS# 220228621
Copyright © 2026 Oregon Data Share. 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 2,070-square-foot duplex, built in 1996, contains two residences with similar practical layouts. Each unit includes an open kitchen and living area, a primary bedroom with an en suite bath, a guest bedroom, and another full bathroom. Interior finishes include vinyl, tile, carpet, and laminate flooring, with heat-pump heating and cooling, dishwashers, disposals, ranges, refrigerators, and water heaters.
Both residences provide large private backyards along with a single-car garage and carport. The property occupies 0.18 acres in Central Point and is served by public water and public sewer. A porch, composition roof, frame construction, and on-street, open, and carport parking are also included.
Both residences provide large private backyards along with a single-car garage and carport. The property occupies 0.18 acres in Central Point and is served by public water and public sewer. A porch, composition roof, frame construction, and on-street, open, and carport parking are also included.
Key Highlights
- Duplex with 2,070 square feet of building area
- Each unit includes 2 bedrooms and 2 full bathrooms
- Open kitchen and living areas in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,183
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,660
$443.7K
Cap Rate 7%
$316,900
$316.9K
Cap Rate 9%
$246,478
$246.5K
Market Conditions
NOI Build-Up for 2,070 SF
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.
Gross rent
$33.5K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$31.7K $15.31/SF
− OpEx
−$9.5K −$4.59/SF
NOI
$22.2K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,660
Cap Rate 7%
$316,900
Cap Rate 9%
$246,478
Alternative Uses
Best Use
Multifamily LT 5
$316.9K
$277.3K – $369.7K
NOI $22,183 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$278.1K
$243.4K – $324.5K
NOI $19,468 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with dedicated outdoor space, carports, and single-car garages for each residence.
Where is this duplex located?
The property is located at 763 Columbine Way Central Point, OR.
What is the asking price?
The asking price for this property is $504,999.
What are key features of this property?
This property features: Duplex with 2,070 square feet of building area; Each unit includes 2 bedrooms and 2 full bathrooms; Open kitchen and living areas in both residences
