Remodeled Two-Unit
1262 Country Glen & 1264 Av NE, Keizer, OR 97303
For Sale
New
$525,000
Multi Family, Keizer, OR
Property Size2,256 SF
Lot Size0.16 Acres
Price / SF$232.71
Days on Market4
Property Features for 1262 Country Glen & 1264 Av NE
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Subdivision
Lot features
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Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. · Coldwell Banker Real Estate
(503) 364-9596
Listed By:
JULIE BOEDER · License #201220182
(503) 756-6698
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 8:06PM
MLS# 847082
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains 2,256 square feet across two 1,128-square-foot residences. Each unit has two bedrooms, 1.5 bathrooms, and storage. One residence has been remodeled and is vacant; the other was remodeled in 2024 and has a tenant in place.
The property occupies 0.16 acres and is zoned MU. Vinyl and laminate flooring, a patio, and composition roofing are among its listed features.
The property occupies 0.16 acres and is zoned MU. Vinyl and laminate flooring, a patio, and composition roofing are among its listed features.
Key Highlights
- Two‑unit duplex totaling 2,256 square feet on a 0.16‑acre lot
- Each 1,128‑square‑foot unit has 2 bedrooms and 1.5 bathrooms
- One remodeled unit is vacant; the second was remodeled in 2024 and has a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,169
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,380
$343.4K
Cap Rate 7%
$245,271
$245.3K
Cap Rate 9%
$190,767
$190.8K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$26.3K $11.64/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$24.5K $10.87/SF
− OpEx
−$7.4K −$3.26/SF
NOI
$17.2K $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 Rate 5%
$343,380
Cap Rate 7%
$245,271
Cap Rate 9%
$190,767
Alternative Uses
Best Use
Multifamily LT 5
$245.3K
$214.6K – $286.2K
NOI $17,169 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$530.6K
$464.3K – $619.0K
NOI $37,140 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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Business Placement
Demographics for 97303, OR
41,441
Population
15,740
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
24.9 sq mi
ZIP Area
1,664
Density / Sq Mi
$81,057
Median Household Income
$45,034
Median Earnings
$1,361
Median Rent
$396,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Marion County, OR
Properties on Market for Duplexes in Marion County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer matching two-bedroom layouts, with one vacant unit and one occupied.
Where is this duplex located?
The property is located at 1262 Country Glen & 1264 Av NE Keizer, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,256 square feet on a 0.16‑acre lot; Each 1,128‑square‑foot unit has 2 bedrooms and 1.5 bathrooms; One remodeled unit is vacant; the second was remodeled in 2024 and has a tenant
