1181 Thayer Ave 1161, Cottage Grove, OR 97424
For Sale
New
$350,000
Both residences share matching layouts, with current occupants in place.
Property Size1,576 SF
Price / SF$222.08
Days on Market3
Property Features for 1181 Thayer Ave 1161
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Jim Downing Realty
Listed By:
Tralena Whitten · License #200705268
(541) 556-5137
Source:
Portlandpropertylistings
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 Jim Downing Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1977, this duplex contains two residences with matching, mirrored floor plans. Both sides are occupied. The property sits on a corner lot in Cottage Grove.
Key Highlights
- Two occupied residences
- Matching mirrored floor plans across both units
- Built in 1977
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
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
$349,700
Median Home Value
Market
Average Price Trend$/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 - Both residences share matching layouts, with current occupants in place.
Where is this duplex located?
The property is located at 1181 Thayer Ave 1161 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 residences; Matching mirrored floor plans across both units; Built in 1977
