Building Details

Year Built 1975

Listing Agency: RE/MAX Powerpros

Listed By: Dennis O'Brien · License #201228793 Show Phone

Source: Christiesrealestateevg

Added: Jul 26 Changed: Sep 13 Last Checked: Oct 12 at 9:42PM

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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 RE/MAX Powerpros

Investment Insights

Based on property information with market context.

This 2,596-square-foot triplex, built in 1975, includes a duplex plus a detached third unit. The two duplex apartments each offer two bedrooms and one bathroom, and both are occupied by long-term tenants. The separate unit is an unfinished conversion of a former garage and includes a completed full bathroom, laundry hookups, and a refrigerator. The space is described as having capacity for a potential two-bedroom layout.

Recent property updates include a roof that is two years old and newer mini-split systems serving the duplex units. The owner pays water and sewer, while tenants are responsible for power and garbage. Located at 110 W C St in Rainier, Oregon, the property combines existing rental occupancy with additional unfinished space.

Key Highlights

• 2,596 SF triplex built in 1975
• Duplex contains two 2‑bedroom, 1‑bath apartments
• Both duplex units are occupied by long‑term tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,333

Cap Rate

8.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$666,660 $666.7K

Cap Rate 7%

$476,186 $476.2K

Cap Rate 9%

$370,367 $370.4K

Market Conditions

NOI Build-Up for 2,596 SF

Gross rent

$63.9K $24.60/SF

− Vacancy

−$3.3K −$1.25/SF

EGI

$60.6K $23.35/SF

− OpEx

−$27.3K −$10.51/SF

NOI

$33.3K $12.84/SF

Area

Columbia County, OR

Vacancy

5.10%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$666,660

Cap Rate 7%

$476,186

Cap Rate 9%

$370,367

Alternative Uses

Best Use

Multifamily LT 5

$540.8K

$473.2K – $630.9K (±1% cap)

NOI $37,853 @ 7.0% cap · market cap 9.49%

Second Best

Apartment 5plus

$476.2K

$416.7K – $555.6K (±1% cap)

NOI $33,333 @ 7.0% cap · market cap 8.35%

Theoretical Best

Office A

$700.7K

$613.1K – $817.5K (±1% cap)

NOI $49,051 @ 7.0% cap · market cap 12.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Building Supply Parking Lot & Garage HVAC Service Electrical Service Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

166

Businesses Nearby

Explore this area Business Placement

Demographics for 97048, OR

6,965

Population

3,115

Households

2.2

Avg Household Size

48

Median Age

15%

College-Educated

92%

High-School Grad

97.8 sq mi

ZIP Area

71

Density / Sq Mi

$74,453

Median Household Income

$35,528

Median Earnings

$882

Median Rent

$364,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Income-producing triplex with two occupied apartments and a separate unfinished unit conversion.

Where is this triplex located?

The property is located at 110 W C St Rainier, OR.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 2,596 SF triplex built in 1975; Duplex contains two 2‑bedroom, 1‑bath apartments; Both duplex units are occupied by long‑term tenants