Craftsman Triplex with Fenced
SW 6th Street Metolius, OR 97741
SW 6th Street, Metolius, OR, 97741
$984,900
For Sale
$984,900
MULTI_FAMILY - Craftsman - Metolius, OR
Property Size3,496 SF
Lot Size0.18 Acres
Price / SF$281.72
Days on Market16
Property Features for SW 6th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- Driveway
- Window features
- Vinyl Frames, Double Pane Windows
- Interior features
- Breakfast Bar, Ceiling Fan(s), Fiberglass Stall Shower, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s)
- Appliances
- Dishwasher, Disposal, Microwave, Oven, Range, Range Hood, Water Heater
- Standard status
- Active
- APN
- 22495
- Size
- 3,496 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 486
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Ductless (Heating), Wall Furnace, Energy Star Qualified Equipment (Heating), Electric (Heating)
- Cooling system
- ENERGY STAR Qualified Equipment, Zoned, Ductless
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl, Carpet
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agency
Keller Williams Realty Central Oregon
(541) 585-3760
Listed by
Holly Cole · License #200903090
(541) 480-4208
Added: Jul 7 Updated: Jul 9 at 3:15AM Checked: Jul 22 at 8:06AM
MLS# 220224801
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 Craftsman-style triplex is offered for sale as three individual units within the Murray Metolius Community. Each home features a great room floorplan with an emphasis on natural light, wood-look flooring in the main living areas, and sliding glass doors (per plan) opening to a covered back deck (per plan). Kitchens include quartz slab countertops, a tiled backsplash, and ample cabinetry, along with an island or breakfast bar seating (per plan). Unit layouts also include a spacious owners suite with an en-suite bathroom, plus two additional bedrooms that share a full bath. Garaging is provided with single and double car options (per plan), and the properties are fully fenced.
The community is described as minutes from downtown Metolius and a short drive to Lake Billy Chinook.
This configuration can fit buyers seeking a small multifamily ownership structure with three separate units, each with its own interior living spaces and outdoor deck access. The attached or incorporated garage setups and fully fenced yards can also support tenant privacy and day-to-day convenience. Interior photos reflect completed homes using the same floorplans with different color schemes, which may help set expectations for finishes across the units.
The community is described as minutes from downtown Metolius and a short drive to Lake Billy Chinook.
This configuration can fit buyers seeking a small multifamily ownership structure with three separate units, each with its own interior living spaces and outdoor deck access. The attached or incorporated garage setups and fully fenced yards can also support tenant privacy and day-to-day convenience. Interior photos reflect completed homes using the same floorplans with different color schemes, which may help set expectations for finishes across the units.
Key Highlights
- Under construction 2026 Craftsman‑style home in the Murray Metolius Community
- Open floorplan with vaulted ceilings, breakfast bar and kitchen island, plus pantry and solid surface counters
- Appliances include dishwasher, disposal, microwave, oven, range, range hood, and water heater
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 | $75.5k | $21.60 |
| − Vacancy | −$5.5k | −$1.56 |
| EGI | $70.1k | $20.04 |
| − OpEx | −$21.0k | −$6.01 |
| NOI | $49.0k | $14.03 |
3,496 SF · lease $21.60/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$700.6K
$613.0K – $817.4K
NOI $49,043 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$639.6K
$559.7K – $746.2K
NOI $44,772 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,719 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - For sale triplex offering three individual units with garages and covered back decks in a fenced setting.
Where is this triplex located?
The property is located at SW 6th Street Metolius, OR.
What is the asking price?
The asking price for this property is $984,900.
What are key features of this property?
This property features: Under construction 2026 Craftsman‑style home in the Murray Metolius Community; Open floorplan with vaulted ceilings, breakfast bar and kitchen island, plus pantry and solid surface counters; Appliances include dishwasher, disposal, microwave, oven, range, range hood, and water heater
