Two-Story Duplex with Fenced
1039 Hopkins Rd, Central Point, OR 97502
For Sale
New
$596,000
Each residence includes a private outdoor area, walk-in closets, and attached garage space.
Property Size2,736 SF
Lot Size0.14 Acres
Price / SF$217.84
Days on Market2
Property Features for 1039 Hopkins Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Average Monthly Rent
Tenant in Place
Amenities
central air conditioning
forced-air gas heat
walk-in closets
private fenced yard
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 8 at 3:06AM
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 Home and Land Real Estate
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Investment Insights
Based on property information with market context.
This two-story duplex contains 2,736 square feet across two 1,368-square-foot residences. Each unit has two bedrooms, 1.5 bathrooms, an attached two-car garage, walk-in closets, and a fenced private yard. Interior finishes include tile, laminate, and carpet, with central air conditioning and forced-air gas heat. The building was completed in 1995, and a replacement roof was installed in 2022.
The property occupies a 0.14-acre lot and carries R-2 zoning. One unit is currently rented. Each residence has the same stated bedroom and bathroom configuration.
The property occupies a 0.14-acre lot and carries R-2 zoning. One unit is currently rented. Each residence has the same stated bedroom and bathroom configuration.
Key Highlights
- Two units, each with 1,368 square feet, two bedrooms, and 1.5 bathrooms
- Two‑story duplex built in 1995
- Attached two‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,320
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,400
$586.4K
Cap Rate 7%
$418,857
$418.9K
Cap Rate 9%
$325,778
$325.8K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$44.3K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.9K $15.31/SF
− OpEx
−$12.6K −$4.59/SF
NOI
$29.3K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,400
Cap Rate 7%
$418,857
Cap Rate 9%
$325,778
Alternative Uses
Best Use
Multifamily LT 5
$418.9K
$366.5K – $488.7K
NOI $29,320 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,732 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$660.4K
$577.8K – $770.5K
NOI $46,227 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
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Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Jackson County, OR
Properties on Market for Duplexes in Jackson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a private outdoor area, walk-in closets, and attached garage space.
Where is this duplex located?
The property is located at 1039 Hopkins Rd Central Point, OR.
What is the asking price?
The asking price for this property is $596,000.
What are key features of this property?
This property features: Two units, each with 1,368 square feet, two bedrooms, and 1.5 bathrooms; Two‑story duplex built in 1995; Attached two‑car garage for each unit
