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    Updated Duplex in Garibaldi Title is generated by Realmo AI

    1109 Acacia Avenue, Garibaldi, OR 97118

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    Updated duplex with bay views, ample parking, and income potential.

    Type:Multifamily
    Property size:
    2,248 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $233/SF
    Added:
    May 12, 2026
    Days on Market:
    16
    Last Refresh:
    May 14 at 9:40 pm

    Property Features for 1109 Acacia Avenue

    General Information

    Standard status
    Active
    Size
    2,248 SF
    Lot size
    0.32 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Stephanie Poppe

    Listing agent Stephanie Poppe License #201106063

    Listing office Rob Trost Real Estate - Tillam

    Listing date May 12, 2026

    Source Crexi

    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 Rob Trost Real Estate - Tillam

    HighLights

    • Updated duplex in the heart of Garibaldi with strong income potential or owner‑occupancy opportunity.
    • Completely remodeled kitchen in Unit A with new cabinetry, laminate countertops, stainless deep sink, and new appliances.
    • Extensive updates throughout both units including new flooring, paint, trim, lighting, blinds, and hot water heaters.
    • Large .32 acre lot with filtered bay view, grassy front yard, and fire pit area.
    • Massive parking potential with 7 spots, suitable for boats and RVs.
    • Garage converted to unfinished creative studio space, easily convertible back to a 2‑car garage.

    Overview

    This updated duplex presents an investment opportunity in Garibaldi. Situated on a 0.32-acre lot, the property offers a filtered bay view. It features two well-maintained units, ample parking, a grassy front yard, and a fire pit area. Unit A includes 3 bedrooms and 2 bathrooms, along with a remodeled kitchen featuring new cabinetry, laminate countertops, a stainless deep sink, and new appliances. Unit B has 2 bedrooms and 1 bathroom. Both units have been refreshed with new flooring, paint, trim, lighting, blinds, and hot water heaters, as well as updated cadet heaters. Additional improvements include new composite decked front porches, laundry rooms in both units, updated doors and hardware, fresh landscaping, and garage siding and paint updates. The garage was converted to an unfinished creative studio space during the pandemic, but it could be converted back to a standard 2-car garage. The property provides parking for 7 vehicles, offering space for boats and RVs. The property has a total size of 2248 square feet. This move-in ready duplex offers owner-occupy or income potential on the Oregon Coast.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Auto Parts Store Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Discount Store (Bike/Boat/Book/etc) Store Bakery Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garibaldi
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.919904
    Latitude
    45.5592692

    Nearby Similar for Sale

    • $525,000

      Updated Duplex in Coastal Garibaldi

      Updated duplex with bay views, ample parking, and income potential.
      1109 ACACIA Ave, Garibaldi, OR 97118
      View Details
    • $795,000
      6,400 SF

      Mixed-Use Building on Highway 101

      Versatile commercial property with retail, flex space, and warehouse.
      903 Garibaldi Avenue, Garibaldi, OR 97118
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex with bay views, ample parking, and income potential.
    Where is this duplex located?
    The property is located at 1109 Acacia Avenue Garibaldi, OR.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Updated duplex in the heart of Garibaldi with strong income potential or owner‑occupancy opportunity.; **Completely remodeled kitchen in Unit A with new cabinetry, laminate countertops, stainless deep sink, and new appliances.**; Extensive updates throughout both units including new flooring, paint, trim, lighting, blinds, and hot water heaters.
    (503) 842-9090 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stephanie Poppe
    Real Estate License ID: 201106063
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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