Freshly Renovated
12373 Southeast 122nd Avenue Happy Valley, OR 97086
For Sale
$924,900
Freshly renovated duplex on a large lot with fully fenced back yards and a carport.
Property Size2,623 SF
Lot Size0.33 Acres
Price / SF$352.61
Days on Market250
Property Features for 12373 Southeast 122nd Avenue
General Information
- Standard status
- Active
- Size
- 2,623 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1956
Listing Agency:
Home Quest Realty
(541) 612-4630
Listed By:
Renee Jimenez
(541) 612-4630
Source:
Compass
Added: Nov 15, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:06AM
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 Home Quest Realty
Investment Insights
Based on property information with market context.
Freshly renovated duplex with two dwelling units on a large .33-acre lot, featuring fully fenced back yards. The property is offered as income-producing residential housing and may also support owner-occupancy with additional dwelling space.
The duplex is located at 12373 Southeast 122nd Avenue in Happy Valley, Oregon. Public remarks note the related address on the other side of the duplex is 12377 SE 122nd Ave.
Additional exterior improvements include a carport and plenty of extra parking for residents and guests.
The duplex is located at 12373 Southeast 122nd Avenue in Happy Valley, Oregon. Public remarks note the related address on the other side of the duplex is 12377 SE 122nd Ave.
Additional exterior improvements include a carport and plenty of extra parking for residents and guests.
Key Highlights
- Freshly renovated duplex with 2 stories and a finished full basement
- Cement siding and stone exterior
- Large 0.33‑acre lot with fully fenced back yards
Financial Insights For Apartment 5plus
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 | $64.5k | $24.60 |
| − Vacancy | −$3.3k | −$1.25 |
| EGI | $61.2k | $23.35 |
| − OpEx | −$27.6k | −$10.51 |
| NOI | $33.7k | $12.84 |
2,623 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$481.1K
$421.0K – $561.3K
NOI $33,679 @ 7.0% cap · market cap 3.64%
Second Best
Multifamily LT 5
$470.7K
$411.9K – $549.1K
NOI $32,948 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$708.0K
$619.5K – $826.0K
NOI $49,561 @ 7.0% cap · market cap 5.36%
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 - Freshly renovated duplex on a large lot with fully fenced back yards and a carport.
Where is this duplex located?
The property is located at 12373 Southeast 122nd Avenue Happy Valley, OR.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Freshly renovated duplex with 2 stories and a finished full basement; Cement siding and stone exterior; Large 0.33‑acre lot with fully fenced back yards
