Building Details

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: SUNDANCE REALTY LLC c***@sundancerealtyoregon.com Show Phone

Listed By: ARIELLE HERNANDEZ Show Phone

Source: Exprealty

Added: Sep 15 Changed: Sep 18 Last Checked: Sep 26 at 7:49AM

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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 SUNDANCE REALTY LLC

Investment Insights

Based on property information with market context.

This single-level duplex at 1150 Wyatt Ave SE in Stayton includes two residences, each with 3 bedrooms and 2 bathrooms. The property totals 2446 square feet, with a new roof completed in 2022. Each side provides a private, fully fenced backyard, covered patio, one-car garage, built-in storage, and laundry area.

The 1150 unit was fully renovated in 2022 with new kitchen and bathroom cabinetry, quartz countertops, doors, trim, LVP flooring in the main living areas, bedroom carpet, fixtures, lighting, and wall and cadet heating. The 1160 unit has two mini-split systems for heating and air conditioning, new flooring throughout in 2025, and access to a private backyard shop for additional storage. Underground sprinklers serve the front and back of 1160. The landlord pays water and sewer; tenants pay all other utilities.

Key Highlights

• Two‑unit duplex with 3bedroom/2bath residences on each side
• 2446 square feet with a new roof completed in 2022
• 1150 fully renovated in 2022 with quartz counters, new cabinetry, LVP, carpet, fixtures, and lighting

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$18,615

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

2.98%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$372,300 $372.3K

Cap Rate 7%

$265,929 $265.9K

Cap Rate 9%

$206,833 $206.8K

Market Conditions

NOI Build-Up for 2,446 SF 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.

Gross rent

$28.5K $11.64/SF

− Vacancy

−$1.9K −$0.77/SF

EGI

$26.6K $10.87/SF

− OpEx

−$8.0K −$3.26/SF

NOI

$18.6K $7.61/SF

Area

Marion County, OR

Vacancy

6.60%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$372,300

Cap Rate 7%

$265,929

Cap Rate 9%

$206,833

Alternative Uses

Best Use

Multifamily LT 5

$265.9K

$232.7K – $310.3K (±1% cap)

NOI $18,615 @ 7.0% cap · market cap 2.98%

Second Best

Apartment 5plus

$247.1K

$216.2K – $288.3K (±1% cap)

NOI $17,299 @ 7.0% cap · market cap 2.77%

Theoretical Best

Specialty Retail

$575.3K

$503.4K – $671.1K (±1% cap)

NOI $40,268 @ 7.0% cap · market cap 6.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Plumbing Service Florist

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

2

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

297

Businesses Nearby

Explore this area Business Placement

Demographics for 97383, OR

10,079

Population

4,116

Households

2.4

Avg Household Size

39

Median Age

25%

College-Educated

88%

High-School Grad

47.6 sq mi

ZIP Area

212

Density / Sq Mi

$75,094

Median Household Income

$41,366

Median Earnings

$1,090

Median Rent

$408,300

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

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Frequently Asked Questions

What type of property is this?

Duplex - Each residence offers a private fenced yard, covered patio, one-car garage, and dedicated laundry area.

Where is this duplex located?

The property is located at 1150 Wyatt Ave Se Stayton, OR.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Two‑unit duplex with 3bedroom/2bath residences on each side; 2446 square feet with a new roof completed in 2022; 1150 fully renovated in 2022 with quartz counters, new cabinetry, LVP, carpet, fixtures, and lighting