Duplex-Style Residential Income
112 MELLINGER Pl Dayton, OR 97114
For Sale
$537,000
MULTI_FAMILY - Dayton, OR
Property Size2,448 SF
Lot Size0.72 Acres
Price / SF$219.36
Days on Market160
Property Features for 112 MELLINGER Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
- 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
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
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Francisco Stoller · License #201207551
(503) 939-6818
Added: Feb 15
Changed: Jul 25
Last Checked: Jul 25 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This duplex-style residential income property features a main level with three bedrooms and two bathrooms, along with an open, vaulted-ceiling living layout. The main living areas are hard-surfaced with no carpet, and the home includes an open kitchen with a large pantry and breakfast bar that opens to a slider leading to a deck. The primary suite also has vaulted ceilings, an ensuite full bath, a walk-in closet, and a slider to the deck with a sunken built-in hot tub.
A lower-level 1 bedroom/1 bathroom apartment provides additional living space, including a full kitchen, laundry room, bedroom, bathroom, living and flex spaces, plus extra storage. The ADU can be accessed via an outside entrance through the slider below the deck or through a door in the foyer leading downstairs, and the lower level is climate-controlled with a mini-split heat pump. The main HVAC system has been recently serviced.
Set at the end of a private drive and backing up to a creek, the property sits on an oversized lot of 0.72 acres in an R1-zoned area with no HOA. The roof was torn off and re-roofed in 2021.
A lower-level 1 bedroom/1 bathroom apartment provides additional living space, including a full kitchen, laundry room, bedroom, bathroom, living and flex spaces, plus extra storage. The ADU can be accessed via an outside entrance through the slider below the deck or through a door in the foyer leading downstairs, and the lower level is climate-controlled with a mini-split heat pump. The main HVAC system has been recently serviced.
Set at the end of a private drive and backing up to a creek, the property sits on an oversized lot of 0.72 acres in an R1-zoned area with no HOA. The roof was torn off and re-roofed in 2021.
Key Highlights
- End‑of‑private‑drive multifamily home on 0.72‑acre lot backing to a creek
- Main level offers 3 bedrooms and 2 bathrooms with vaulted ceilings and a wide‑open floor plan
- Lower level includes a 1‑bedroom, 1‑bathroom apartment (ADU) with an additional full kitchen and laundry room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.2k | $24.60 |
| − Vacancy | −$3.1k | −$1.25 |
| EGI | $57.1k | $23.35 |
| − OpEx | −$25.7k | −$10.51 |
| NOI | $31.4k | $12.84 |
2,448 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$449.0K
$392.9K – $523.9K
NOI $31,432 @ 7.0% cap · market cap 5.85%
Second Best
Multifamily LT 5
$385.3K
$337.1K – $449.5K
NOI $26,969 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$660.8K
$578.2K – $770.9K
NOI $46,254 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-level setup with three-bedroom, two-bath main living space and a lower one-bedroom, one-bath unit on 0.72 acres.
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 $537,000.
What are key features of this property?
This property features: End‑of‑private‑drive multifamily home on 0.72‑acre lot backing to a creek; Main level offers 3 bedrooms and 2 bathrooms with vaulted ceilings and a wide‑open floor plan; Lower level includes a 1‑bedroom, 1‑bathroom apartment (ADU) with an additional full kitchen and laundry room
