Updated Duplex Income
1209 Zeta Court Pendleton, OR 97801
For Sale
$410,000
Fully tenant-occupied duplex featuring two one-level units, each with a garage and outdoor space.
Property Size2,784 SF
Price / SF$147.27
Days on Market146
Property Features for 1209 Zeta Court
General Information
- Standard status
- Active
- Size
- 2,784 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing Agency:
Coldwell Banker Whitney & Asso
(541) 969-9539
Listed By:
Jef Farley · License #910300054
(541) 969-9539
Source:
Compass
Added: Feb 27
Changed: Jul 23
Last Checked: Jul 23 at 7:20AM
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 Coldwell Banker Whitney & Asso
Investment Insights
Based on property information with market context.
This exceptional duplex offers two spacious, one-level units. The larger side is approximately 1,561 square feet with 2 bedrooms and 2 bathrooms, with many updates including new HVAC. The other unit is approximately 1,216 square feet with 3 bedrooms and 1 bathroom and has been completely remodeled, including a new kitchen, bath, floors, paint, and roof. Both units have their own garage and outdoor space.
The property is located on a cul-de-sac in the Grecian Heights neighborhood.
Each unit is currently tenant occupied, with unit 1209 rented at $1,400 per month and unit 1211 rented at $1,550 per month.
The property is located on a cul-de-sac in the Grecian Heights neighborhood.
Each unit is currently tenant occupied, with unit 1209 rented at $1,400 per month and unit 1211 rented at $1,550 per month.
Key Highlights
- Fully tenant‑occupied duplex with 2 one‑level units on a single floor plan (2,784 sf +/- total).
- Unit 1209: 2 bed, 2 bath, 1,561 sf +/-; rented for $1,400/mo and includes many updates including new HVAC.
- Unit 1211: 3 bed, 1 bath, 1,216 sf +/-; completely remodeled with new kitchen, bath, floors, paint, and roof; rented for $1,550/mo.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $7.20 |
| − Vacancy | −$1.5k | −$0.54 |
| EGI | $18.5k | $6.66 |
| − OpEx | −$5.6k | −$2.00 |
| NOI | $13.0k | $4.66 |
2,784 SF · lease $7.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$170.9K
$149.5K – $199.4K
NOI $11,962 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$582.8K
$509.9K – $679.9K
NOI $40,795 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully tenant-occupied duplex featuring two one-level units, each with a garage and outdoor space.
Where is this duplex located?
The property is located at 1209 Zeta Court Pendleton, OR.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Fully tenant‑occupied duplex with 2 one‑level units on a single floor plan (2,784 sf +/- total).; Unit 1209: 2 bed, 2 bath, 1,561 sf +/-; rented for $1,400/mo and includes many updates including new HVAC.; Unit 1211: 3 bed, 1 bath, 1,216 sf +/-; completely remodeled with new kitchen, bath, floors, paint, and roof; rented for $1,550/mo.
