Quadplex Residential
For Sale
$535,000
101 N 10th ST, Creswell, OR 97426
Four-unit residential income property constructed in 1974.
Property Size3,080 SF
Price / SF$173.70
Days on Market16
Property Features for 101 N 10th ST
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi-Family
Building Details
Year Built
1974
Listing Agency:
Kelly Right Real Estate Of Seattle LLC
(360) 844-3142
Listed By:
Donna Roberts
(360) 844-3142
Source:
Donnarobertsgroup
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 29 at 11:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly Right Real Estate Of Seattle LLC
Investment Insights
Based on property information with market context.
This quadplex residential property contains 3,080 square feet and was constructed in 1974. The four-unit configuration establishes the asset as a residential income property suited to multifamily ownership.
The property is located at 101 N 10th ST in Creswell, Oregon 97426. Available information identifies the building type, total property size, construction year, and address.
The property is located at 101 N 10th ST in Creswell, Oregon 97426. Available information identifies the building type, total property size, construction year, and address.
Key Highlights
- Four‑unit quadplex configuration
- 3,080 square feet
- Constructed in 1974
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
$30,238
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
5.65%
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%
$604,760
$604.8K
Cap Rate 7%
$431,971
$432.0K
Cap Rate 9%
$335,978
$336.0K
Market Conditions
NOI Build-Up for 3,080 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
$46.2K $15.00/SF
− Vacancy
−$3.0K −$0.98/SF
EGI
$43.2K $14.03/SF
− OpEx
−$13.0K −$4.21/SF
NOI
$30.2K $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%
$604,760
Cap Rate 7%
$431,971
Cap Rate 9%
$335,978
Alternative Uses
Best Use
Multifamily LT 5
$432.0K
$378.0K – $504.0K
NOI $30,238 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$402.1K
$351.9K – $469.2K
NOI $28,149 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$779.2K
$681.8K – $909.1K
NOI $54,544 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 97426, OR
10,521
Population
4,050
Households
2.6
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
75.0 sq mi
ZIP Area
140
Density / Sq Mi
$87,533
Median Household Income
$44,995
Median Earnings
$1,293
Median Rent
$435,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property constructed in 1974.
Where is this quadplex located?
The property is located at 101 N 10th ST Creswell, OR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 3,080 square feet; Constructed in 1974
