Duplex with EV-Charging
For Sale
$829,900
1251 Brown, Woodburn, OR 97071
Two-unit residential property with open living areas, stainless steel appliances, fenced outdoor space, and an attached garage.
Property Size3,254 SF
Price / SF$255.04
Days on Market24
Property Features for 1251 Brown
General Information
Standard status
Active
Size
3,254 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Multifamily Units
2
Amenities
fenced yard
landscaping
attached garage
EV charger
Building Details
Year Built
2026
Buildings
1
Listing Agency:
HomeSmart Realty Group
(971) 599-5865
Listed By:
Vassa Bodunov
Source:
Thesanchezteamoregon
Added: Aug 7
Changed: Aug 28
Last Checked: Aug 29 at 12:06PM
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 HomeSmart Realty Group
Investment Insights
Based on property information with market context.
This duplex contains 3,254 square feet and was built in 2026. The interiors connect living, dining, and kitchen areas in an open configuration, with stainless steel appliances and an ice maker. Each home includes a master en-suite, while laundry is located on the main floor.
Exterior features include fenced yard areas, a sprinkler system, and landscaping. The property also has an attached garage equipped with an EV charger. Located at 1251 Brown St in Woodburn, the duplex is near new homes and I-5, providing access to the surrounding area.
Exterior features include fenced yard areas, a sprinkler system, and landscaping. The property also has an attached garage equipped with an EV charger. Located at 1251 Brown St in Woodburn, the duplex is near new homes and I-5, providing access to the surrounding area.
Key Highlights
- Duplex with 3,254 square feet, built in 2026
- Open‑concept living, dining, and kitchen areas
- Stainless steel appliances and ice maker
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
$24,764
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
2.98%
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%
$495,280
$495.3K
Cap Rate 7%
$353,771
$353.8K
Cap Rate 9%
$275,156
$275.2K
Market Conditions
NOI Build-Up for 3,254 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
$37.9K $11.64/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$35.4K $10.87/SF
− OpEx
−$10.6K −$3.26/SF
NOI
$24.8K $7.61/SF
Area
Marion County, OR
Vacancy
6.60%
Lease Rate
$11.64 /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%
$495,280
Cap Rate 7%
$353,771
Cap Rate 9%
$275,156
Alternative Uses
Best Use
Multifamily LT 5
$353.8K
$309.6K – $412.7K
NOI $24,764 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$328.8K
$287.7K – $383.6K
NOI $23,014 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$765.3K
$669.6K – $892.8K
NOI $53,570 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 97071, OR
30,777
Population
10,595
Households
2.9
Avg Household Size
35
Median Age
17%
College-Educated
72%
High-School Grad
51.7 sq mi
ZIP Area
595
Density / Sq Mi
$70,130
Median Household Income
$35,927
Median Earnings
$1,382
Median Rent
$316,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with open living areas, stainless steel appliances, fenced outdoor space, and an attached garage.
Where is this duplex located?
The property is located at 1251 Brown Woodburn, OR.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Duplex with 3,254 square feet, built in 2026; Open‑concept living, dining, and kitchen areas; Stainless steel appliances and ice maker
