Remodeled Duplex with Mountain
For Sale
Contact for pricing
1270 NE Canyon Drive, Toledo, OR 97391
Duplex with studio and 3-bedroom units, mountain views.
Property Size2,204 SF
Price / SF$226.41
Days on Market197
Property Features for 1270 NE Canyon Drive
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Multifamily
Zoning
R-S
Building Details
Year Built
1984
Listing Agency:
Windermere West Coast Properties
Listed By:
Wendy Birchfield · License #201215592
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 8 at 2:36PM
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 Windermere West Coast Properties
Investment Insights
Based on property information with market context.
This property is currently configured as a duplex, featuring a studio unit downstairs and a 3-bedroom unit upstairs. An interior door connects the two floors, offering flexibility for various living arrangements. The home has been remodeled and includes new decks that provide mountain views. Interior finishes include LVP flooring, quartz countertops, and stainless steel appliances. A large, two-car garage provides space for vehicles, boats, and additional storage. The property is located close to town, offering convenient access to amenities such as the grocery store and post office. This property presents a potential investment opportunity or a solution for multi-generational living.
Key Highlights
- Duplex with separate studio and 3‑bedroom units offers flexible living options.
- Remodeled interior features LVP flooring, quartz countertops, and stainless steel appliances.
- New decks provide a gorgeous mountain view.
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
$20,541
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
4.12%
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%
$410,820
$410.8K
Cap Rate 7%
$293,443
$293.4K
Cap Rate 9%
$228,233
$228.2K
Market Conditions
NOI Build-Up for 2,204 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
$30.4K $13.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$29.3K $13.31/SF
− OpEx
−$8.8K −$3.99/SF
NOI
$20.5K $9.32/SF
Area
Lincoln County, OR
Vacancy
3.52%
Lease Rate
$13.80 /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%
$410,820
Cap Rate 7%
$293,443
Cap Rate 9%
$228,233
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.8K – $342.4K
NOI $20,541 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$574.9K
$503.0K – $670.7K
NOI $40,241 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 97391, OR
5,610
Population
2,478
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
49
Density / Sq Mi
$57,793
Median Household Income
$35,241
Median Earnings
$1,046
Median Rent
$355,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with studio and 3-bedroom units, mountain views.
Where is this duplex located?
The property is located at 1270 NE Canyon Drive Toledo, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex with separate studio and 3‑bedroom units offers flexible living options.; Remodeled interior features LVP flooring, quartz countertops, and stainless steel appliances.; New decks provide a gorgeous mountain view.
