Building Details

Year Built 1965

Listing Agency: Taylor & Taylor Realty Co. Show Phone

Listed By: The Reger Group Show Phone

Source: Searchpnwhouses

Added: Sep 11 Changed: Oct 31 Last Checked: Nov 1 at 5:48AM

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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 / Yr

$14,530

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$290,600 $290.6K

Cap Rate 7%

$207,571 $207.6K

Cap Rate 9%

$161,444 $161.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,480 SF

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 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 4.93%

Second Best

Apartment 5plus

$193.2K

$169.1K – $225.4K (±1% cap)

NOI $13,526 @ 7.0% cap · market cap 4.59%

Theoretical Best

Office A

$374.4K

$327.6K – $436.8K (±1% cap)

NOI $26,209 @ 7.0% cap · market cap 8.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

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

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 $295,000.

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