Remodeled 2-Unit
1262 64 Country Glen Ave NE, Keizer, OR 97303
For Sale
New
$525,000
Both residences have private fenced backyards, with landscaped front yards serving the property.
Property Size2,256 SF
Price / SF$232.71
Days on Market4
Property Features for 1262 64 Country Glen Ave NE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
landscaped front yards
private fenced backyards
Building Details
Year Built
Listing Agency:
Coldwell Banker Mountain West Real Estate, Inc.
Listed By:
JULIE BOEDER 503-756-6698 · License #201220182
(503) 756-6698
Source:
Searchsalemhomelistings
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 9:30AM
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 Mountain West Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1995, this 2,256-square-foot duplex contains two residences of 1,128 square feet each. Both have two bedrooms, one and a half bathrooms, and storage space. Each residence also has a private fenced backyard; landscaped front yards complement the outdoor areas.
One residence has recently been remodeled and is vacant. The other was remodeled in 2024 and is occupied by a tenant. The property is in Country Glen Estates in Keizer, within the Gubser school area.
One residence has recently been remodeled and is vacant. The other was remodeled in 2024 and is occupied by a tenant. The property is in Country Glen Estates in Keizer, within the Gubser school area.
Key Highlights
- Two residences totaling 2,256 square feet; each unit is 1,128 square feet
- Each unit has 2 bedrooms, 1.5 bathrooms, and storage
- One remodeled unit is vacant; the other 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 - Both residences have private fenced backyards, with landscaped front yards serving the property.
Where is this duplex located?
The property is located at 1262 64 Country Glen Ave 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 residences totaling 2,256 square feet; each unit is 1,128 square feet; Each unit has 2 bedrooms, 1.5 bathrooms, and storage; One remodeled unit is vacant; the other was remodeled in 2024 and has a tenant
