2022 Duplex With Private
For Sale
$699,000
88558 JAMESON Way, Veneta, OR 97487
MultiFamily, Veneta, OR
Property Size2,616 SF
Lot Size0.17 Acres
Price / SF$267.20
Days on Market154
Property Features for 88558 JAMESON Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
6
Bathrooms
14
Full bathrooms
14
Rooms
Bathroom 10, Bathroom 2, Bathroom 8, Bathroom 7, Bathroom 11, Bathroom 14, Bathroom 3, Bathroom 6, Bedroom 6, Bathroom 12, Bathroom 9, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 13, Bathroom 5, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 3
View
Territorial
Elementary school
Elmira
Middle school
Fern Ridge
High school
Elmira
Directions
Territorial Hwy East on Hunter left on Jameson Way
Subdivision
_236
Standard status
Active
APN
1905080
Size
2,616 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
to be provided by Escrow tax lot 17-05-31-05500
Tax Annual Amount
6819
Legal Description
to be provided by Escrow tax lot 17-05-31-05500
Utilities
Heating system
Ductless (Heating)
Amenities
large back yard
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Roof type
Shingle, Composition
Listing Agency:
Windermere RE Lane County · Windermere Real Estate
(541) 484-2022
Listed By:
Ken Martinson
(541) 954-1545
Added: Mar 26
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 105116347
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.
Completed in 2022, this duplex contains two residential units totaling 2,616 square feet. Each side offers three bedrooms and 2 1/2 baths, along with its own garage and a large back yard. Ductless heating and composition shingle roofing serve the property, which is situated on a 0.17-acre lot and carries residential zoning.
The property is located in Veneta near Veneta Community Park and Pool, accessible by a nearby path. The surrounding neighborhood includes access to local schools. Both units share the same duplex structure while maintaining separate garages and outdoor areas.
The property is located in Veneta near Veneta Community Park and Pool, accessible by a nearby path. The surrounding neighborhood includes access to local schools. Both units share the same duplex structure while maintaining separate garages and outdoor areas.
Key Highlights
- Built in 2022
- Two units, each with 3 bedrooms and 2 1/2 baths
- 2,616 square feet on a 0.17‑acre lot
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
$25,683
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
3.67%
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%
$513,660
$513.7K
Cap Rate 7%
$366,900
$366.9K
Cap Rate 9%
$285,367
$285.4K
Market Conditions
NOI Build-Up for 2,616 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
$39.2K $15.00/SF
− Vacancy
−$2.6K −$0.98/SF
EGI
$36.7K $14.03/SF
− OpEx
−$11.0K −$4.21/SF
NOI
$25.7K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /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%
$513,660
Cap Rate 7%
$366,900
Cap Rate 9%
$285,367
Alternative Uses
Best Use
Multifamily LT 5
$366.9K
$321.0K – $428.1K
NOI $25,683 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$341.5K
$298.9K – $398.5K
NOI $23,908 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,327 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 97487, OR
9,286
Population
4,038
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
93%
High-School Grad
72.8 sq mi
ZIP Area
128
Density / Sq Mi
$64,973
Median Household Income
$43,030
Median Earnings
$1,412
Median Rent
$334,300
Median Home Value
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 residential units provide three-bedroom layouts, individual garages, and large private back yards.
Where is this duplex located?
The property is located at 88558 JAMESON Way Veneta, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 2022; Two units, each with 3 bedrooms and 2 1/2 baths; 2,616 square feet on a 0.17‑acre lot
