Duplex with Separate Living
For Sale
$495,000
112 MELLINGER Pl, Dayton, OR 97114
MultiFamily, Dayton, OR
Property Size2,448 SF
Lot Size0.72 Acres
Price / SF$202.21
Days on Market257
Property Features for 112 MELLINGER Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 1
Elementary school
Dayton
Middle school
Dayton
High school
Dayton
Directions
South on Dayton - Salem Hwy, Right in SE Palmer Lane, Right on Mellinger Place
Subdivision
_156
Standard status
Active
APN
512629
Size
2,448 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
LOT 21 IN PALMER RIDGE
Tax Annual Amount
4646
Legal Description
LOT 21 IN PALMER RIDGE
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water front features
Creek
Water front
1
Building Details
Year built
2000
Floors in Building
2
Number of units
2
Roof type
Composition
Buildings
1
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Francisco Stoller · License #201207551
(503) 939-6818
Added: Feb 15
Changed: Oct 30
Last Checked: Oct 30 at 8:06AM
MLS# 238199502
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 2,448-square-foot duplex, built in 2000, combines a three-bedroom, two-bathroom main residence with a lower-level one-bedroom, one-bathroom apartment. The main level features vaulted ceilings, an open kitchen with breakfast bar and pantry, hard-surface flooring, a primary suite with walk-in closet and ensuite bath, and deck access. The apartment adds a full kitchen, laundry room, living and flex areas, storage, and a separate entrance, with heating and cooling provided by a mini-split heat pump.
Set on 0.72 acres at the end of a private drive, the property backs to a creek and includes a sprawling deck with a built-in sunken hot tub. The main HVAC system has been serviced, and the composition roof was replaced in 2021. The property is zoned R1 and has no HOA.
Set on 0.72 acres at the end of a private drive, the property backs to a creek and includes a sprawling deck with a built-in sunken hot tub. The main HVAC system has been serviced, and the composition roof was replaced in 2021. The property is zoned R1 and has no HOA.
Key Highlights
- 2,448‑square‑foot duplex on 0.72 acres
- Main residence includes 3 bedrooms and 2 bathrooms
- Lower‑level apartment has 1 bedroom, 1 bathroom, full kitchen, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,432
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,640
$628.6K
Cap Rate 7%
$449,029
$449.0K
Cap Rate 9%
$349,244
$349.2K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$60.2K $24.60/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$57.1K $23.35/SF
− OpEx
−$25.7K −$10.51/SF
NOI
$31.4K $12.84/SF
Area
Yamhill 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%
$628,640
Cap Rate 7%
$449,029
Cap Rate 9%
$349,244
Alternative Uses
Best Use
Apartment 5plus
$449.0K
$392.9K – $523.9K
NOI $31,432 @ 7.0% cap · market cap 6.35%
Second Best
Multifamily LT 5
$385.3K
$337.1K – $449.5K
NOI $26,969 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$660.8K
$578.2K – $770.9K
NOI $46,254 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 97114, OR
5,008
Population
1,720
Households
2.9
Avg Household Size
40
Median Age
34%
College-Educated
89%
High-School Grad
59.6 sq mi
ZIP Area
84
Density / Sq Mi
$87,560
Median Household Income
$40,039
Median Earnings
$1,514
Median Rent
$455,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level layout combines a spacious primary residence with a private apartment and creek setting.
Where is this duplex located?
The property is located at 112 MELLINGER Pl Dayton, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,448‑square‑foot duplex on 0.72 acres; Main residence includes 3 bedrooms and 2 bathrooms; Lower‑level apartment has 1 bedroom, 1 bathroom, full kitchen, and laundry room
