Updated Duplex with Detached
For Sale
$605,000
1036 9th St, Florence, OR 97439
Two-unit residential property with private outdoor space, front porches, and flexible multi-generational living potential.
Property Size2,560 SF
Price / SF$236.33
Days on Market90
Property Features for 1036 9th St
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
laundry room
front porch
backyard
Building Details
Year Built
2005
Buildings
1
Listing Agency:
DORE
Listed By:
Leah Volkov · License #201216020
(503) 551-7392
Source:
Christiesrealestateevg
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 12 at 10:55PM
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 DORE
Investment Insights
Based on property information with market context.
This 2,560-square-foot duplex, built in 2005, contains two well-configured units. Each residence offers three bedrooms, two full bathrooms on the upper level, a separate laundry room, and a half bath on the main level. The lower floor includes an open living area and a kitchen with a large pantry. Front porches and individual backyards add usable outdoor space to each unit.
A detached two-car garage provides secure parking and additional storage. The property received a new roof in 2025, along with completed exterior maintenance. Its central Florence setting places the duplex near schools, the library, grocery stores, and medical facilities, with access to Hwy 101 and area beaches, dunes, Siuslaw River recreation, and Old Town.
A detached two-car garage provides secure parking and additional storage. The property received a new roof in 2025, along with completed exterior maintenance. Its central Florence setting places the duplex near schools, the library, grocery stores, and medical facilities, with access to Hwy 101 and area beaches, dunes, Siuslaw River recreation, and Old Town.
Key Highlights
- Two‑unit duplex totaling 2,560 square feet
- Each unit includes 3 bedrooms and 2 full bathrooms
- Each residence has a main‑level half bath and separate laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,133
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,660
$502.7K
Cap Rate 7%
$359,043
$359.0K
Cap Rate 9%
$279,256
$279.3K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$38.4K $15.00/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$35.9K $14.03/SF
− OpEx
−$10.8K −$4.21/SF
NOI
$25.1K $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%
$502,660
Cap Rate 7%
$359,043
Cap Rate 9%
$279,256
Alternative Uses
Best Use
Multifamily LT 5
$359.0K
$314.2K – $418.9K
NOI $25,133 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$334.2K
$292.5K – $390.0K
NOI $23,397 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$647.6K
$566.7K – $755.6K
NOI $45,335 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with private outdoor space, front porches, and flexible multi-generational living potential.
Where is this duplex located?
The property is located at 1036 9th St Florence, OR.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,560 square feet; Each unit includes 3 bedrooms and 2 full bathrooms; Each residence has a main‑level half bath and separate laundry room
