Ranch Duplex with
For Sale
$299,999
11766 Walnut Avenue, Mapleton, OR 97453
Residential Income, Mapleton, OR
Property Size1,480 SF
Lot Size0.23 Acres
Price / SF$202.70
Days on Market106
Property Features for 11766 Walnut Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1-A Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Parking features
Carport, Driveway
Window features
Double Pane Windows
Pets allowed
Yes
Appliances
Electric Oven, Electric Range
Lot features
Cleared, Level
Directions
From HWY 101, head south for approximately 72 miles and turn left on Munsel Lake Road, in approx. 2.1 miles turn right on N Fork Siuslaw Rd, in approx. 0.9 miles turn left on HWY 126, in 13 miles stay right on HWY 126, in approx. 0.3 miles turn left on E Mapleton Road, in approx. 0.3 turn right on Chestnut St. In approx. 250 ft turn right on Walnut Ave, and the property is on your right in 150 feet. 11766 is occupied by a tenant so all showings will be at 11768.
Standard status
Active
APN
1810021302400
Size
1,480 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1833
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Baseboard, Zoned
Water source
Public
Amenities
carport
washer/dryer hookups
fenced backyard
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Board & Batten Siding, Frame, Wood Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Realty One Group At The Beach, Newport
(503) 990-7137
Listed By:
Samantha McClain · License #201235872
(503) 318-3020
Added: May 7
Changed: Aug 19
Last Checked: Aug 20 at 10:06PM
MLS# 26-1210
Copyright © 2026 Oregon Coast MLS. 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 ranch-style duplex features two identical units, each with two bedrooms and one bathroom. The total layout provides four bedrooms and two bathrooms across the property, with an open-concept connection between the kitchen, dining, and living areas in both units. Each side has its own carport, washer and dryer hookups, and private driveway access. The mostly fenced backyard plus an expansive side yard add outdoor space for gardening, recreation, pets, and additional storage or parking.
Updates include light remodeling by previous owners in 2018 and 2019, with improvements to bathroom fixtures, flooring, paint, lighting, insulation, doors, window screens, and kitchen appliances. The roof was replaced in 2017. Heating is electric baseboard or wall heat, supported by public water and a septic tank for sewer.
One unit is currently owner-occupied, and the other unit is tenant-occupied through July 31, 2026, which may offer flexibility for a new owner during the transition. The property is on a quiet street in Mapleton and sits on a 0.23-acre lot with approximately 1,480 square feet under roof.
Updates include light remodeling by previous owners in 2018 and 2019, with improvements to bathroom fixtures, flooring, paint, lighting, insulation, doors, window screens, and kitchen appliances. The roof was replaced in 2017. Heating is electric baseboard or wall heat, supported by public water and a septic tank for sewer.
One unit is currently owner-occupied, and the other unit is tenant-occupied through July 31, 2026, which may offer flexibility for a new owner during the transition. The property is on a quiet street in Mapleton and sits on a 0.23-acre lot with approximately 1,480 square feet under roof.
Key Highlights
- Two identical 2‑bedroom, 1‑bath units totaling four bedrooms and two bathrooms
- 0.23‑acre lot with mostly fenced backyard and expansive side yard
- Carport for each side plus private driveway access, with washer and 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
4.84%
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
NOI $14,530 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$193.2K
$169.1K – $225.4K
NOI $13,526 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,209 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom units each with carport parking, zoned R-1-A Residential, with electric baseboard heat and public water.
Where is this duplex located?
The property is located at 11766 Walnut Avenue Mapleton, OR.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two identical 2‑bedroom, 1‑bath units totaling four bedrooms and two bathrooms; 0.23‑acre lot with mostly fenced backyard and expansive side yard; Carport for each side plus private driveway access, with washer and dryer hookups
