Building Details

Year Built 1965

Listing Agency: Triple Oaks Realty LLC Show Phone

Listed By: The Reger Group · License #2013009293 Show Phone

Source: Searchpnwhouses

Added: Sep 11 Changed: Sep 17 Last Checked: Sep 16 at 6:26PM

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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 Triple Oaks Realty LLC

Investment Insights

Based on property information with market context.

This duplex contains two residential units, each arranged with 2 bedrooms and 1 bath. Attached carports, washer and dryer hookups, and lockable storage rooms support everyday functionality. The property also includes a large back yard and designated RV parking. Built in 1965, the building offers a compact residential configuration with features suited to rental or owner-occupant use.

The property is located at 11766 Walnut AVE in Mapleton, Oregon. A school and the Siuslaw River are a short distance away, with the river noted for Wild Coho and Chinook Salmon. The existing improvements provide a defined starting point for updates and continued use.

Key Highlights

• Duplex with 2 bedrooms and 1 bath in each unit
• 1480 square feet of property size
• Attached carports and washer & dryer hookups

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

$14,530

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

4.54%

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%

$290,600 $290.6K

Cap Rate 7%

$207,571 $207.6K

Cap Rate 9%

$161,444 $161.4K

Market Conditions

NOI Build-Up for 1,480 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

$22.2K $15.00/SF

− Vacancy

−$1.4K −$0.98/SF

EGI

$20.8K $14.03/SF

− OpEx

−$6.2K −$4.21/SF

NOI

$14.5K $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 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%

$290,600

Cap Rate 7%

$207,571

Cap Rate 9%

$161,444

Alternative Uses

Best Use

Multifamily LT 5

$207.6K

$181.6K – $242.2K (±1% cap)

NOI $14,530 @ 7.0% cap · market cap 4.54%

Second Best

Apartment 5plus

$193.2K

$169.1K – $225.4K (±1% cap)

NOI $13,526 @ 7.0% cap · market cap 4.23%

Theoretical Best

Office A

$374.4K

$327.6K – $436.8K (±1% cap)

NOI $26,209 @ 7.0% cap · market cap 8.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Garden Center Grocery & Convenience Store Food Market Real Estate Agency Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 97453, OR

979

Population

466

Households

2.1

Avg Household Size

54

Median Age

10%

College-Educated

95%

High-School Grad

112.7 sq mi

ZIP Area

9

Density / Sq Mi

$53,333

Median Household Income

$32,375

Median Earnings

$1,099

Median Rent

$336,800

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 - Two residential units offer practical parking, laundry connections, private storage, and outdoor space.

Where is this duplex located?

The property is located at 11766 Walnut AVE Mapleton, OR.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Duplex with 2 bedrooms and 1 bath in each unit; 1480 square feet of property size; Attached carports and washer & dryer hookups