Mirrored-Plan
1161 1181 Thayer AVE, Cottage Grove, OR 97424
For Sale
New
$350,000
The two occupied units share matching, reversed layouts on a corner lot.
Property Size1,576 SF
Price / SF$222.08
Days on Market1
Property Features for 1161 1181 Thayer AVE
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Keller Williams Realty
(360) 433-5187
Listed By:
Donna Roberts
(360) 844-3142
Source:
Donnarobertsgroup
Added: Nov 6
Last Checked: Nov 6 at 7:28AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1977, this duplex contains two occupied units arranged in matching, mirrored floor plans. The property sits on a corner lot at 1161 and 1181 Thayer Avenue in Cottage Grove, Oregon. Showings are by appointment.
Key Highlights
- Two occupied units with matching mirrored layouts
- Built in 1977
- Located on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,472
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,440
$309.4K
Cap Rate 7%
$221,029
$221.0K
Cap Rate 9%
$171,911
$171.9K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$23.6K $15.00/SF
− Vacancy
−$1.5K −$0.98/SF
EGI
$22.1K $14.03/SF
− OpEx
−$6.6K −$4.21/SF
NOI
$15.5K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,440
Cap Rate 7%
$221,029
Cap Rate 9%
$171,911
Alternative Uses
Best Use
Multifamily LT 5
$221.0K
$193.4K – $257.9K
NOI $15,472 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$205.8K
$180.1K – $240.1K
NOI $14,404 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$398.7K
$348.9K – $465.2K
NOI $27,910 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
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Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lane County, OR
Properties on Market for Duplexes in Lane County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two occupied units share matching, reversed layouts on a corner lot.
Where is this duplex located?
The property is located at 1161 1181 Thayer AVE Cottage Grove, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two occupied units with matching mirrored layouts; Built in 1977; Located on a corner lot
