Two-Unit Duplex with
1011 10TH St, Florence, OR 97439
For Sale
$695,000
MultiFamily, Florence, OR
Property Size2,838 SF
Lot Size0.21 Acres
Price / SF$244.89
Days on Market53
Property Features for 1011 10TH St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
private entrance
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
TR Hunter Real Estate
(541) 997-1200
Listed By:
Mike Blankenship · License #201218079
(541) 991-7826
Added: Sep 18
Changed: Oct 23
Last Checked: Nov 9 at 4:06AM
MLS# 774068461
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.
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Investment Insights
Based on property information with market context.
This 2,838-square-foot duplex contains two two-bedroom, two-bath residences, each arranged with a private entrance, in-unit laundry, separate utilities, and an attached two-car garage. Built in 2006, both units have been recently refreshed. Zoned HR, the property also includes composition roofing, zoned heating, and wall-unit cooling.
Set on 0.21 acres at the end of a dead-end street in Florence, the property has no neighbor to the west, along with parking capacity for vehicles, RVs, boats, and guests. The location is approximately 3/4 mile from Old Town Florence, with access to shopping, dining, and the Siuslaw River waterfront. The configuration supports use as a two-unit rental property, an owner-occupied residence with an additional unit, or multigenerational housing.
Set on 0.21 acres at the end of a dead-end street in Florence, the property has no neighbor to the west, along with parking capacity for vehicles, RVs, boats, and guests. The location is approximately 3/4 mile from Old Town Florence, with access to shopping, dining, and the Siuslaw River waterfront. The configuration supports use as a two-unit rental property, an owner-occupied residence with an additional unit, or multigenerational housing.
Key Highlights
- Two 2‑bedroom, 2‑bath residences within a 2,838‑square‑foot duplex
- Each unit includes a private entrance, in‑unit laundry, separate utilities, and an attached 2‑car garage
- Built in 2006 on a 0.21‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,862
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,240
$557.2K
Cap Rate 7%
$398,029
$398.0K
Cap Rate 9%
$309,578
$309.6K
Market Conditions
NOI Build-Up for 2,838 SF
Gross rent
$42.6K $15.00/SF
− Vacancy
−$2.8K −$0.98/SF
EGI
$39.8K $14.03/SF
− OpEx
−$11.9K −$4.21/SF
NOI
$27.9K $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 Rate 5%
$557,240
Cap Rate 7%
$398,029
Cap Rate 9%
$309,578
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.3K – $464.4K
NOI $27,862 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$718.0K
$628.2K – $837.6K
NOI $50,258 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
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Business Placement
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lane County, OR
Properties on Market for Duplexes in Lane County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide private entrances, in-unit laundry, and attached garages.
Where is this duplex located?
The property is located at 1011 10TH St Florence, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath residences within a 2,838‑square‑foot duplex; Each unit includes a private entrance, in‑unit laundry, separate utilities, and an attached 2‑car garage; Built in 2006 on a 0.21‑acre lot
