Two-Unit Duplex with
1282 SE Appleseed Dr, Dallas, OR 97338
For Sale
New
$499,990
Multi Family, Dallas, OR
Property Size1,844 SF
Lot Size0.24 Acres
Price / SF$271.14
Days on Market3
Property Features for 1282 SE Appleseed Dr
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Subdivision
Lot features
View
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
private laundry
Building Details
Year built
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
HOMESMART REALTY GROUP - DALLAS
Listed By:
SARAH OWRE · License OR #201216094
(503) 428-1324
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 11 at 12:06AM
MLS# 847243
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.
Built in 1995, this duplex contains two matching residences, each with 922 square feet, two bedrooms, one bathroom, private laundry, and a garage. Together, the units provide 1,844 square feet of living area. The property also includes a patio and sits on a 0.24-acre lot. Flooring is carpet and vinyl, and heating is electric with zoned control.
The property is located at 1282 SE Appleseed Dr in Dallas, Oregon. Zoning is listed as Res.
The property is located at 1282 SE Appleseed Dr in Dallas, Oregon. Zoning is listed as Res.
Key Highlights
- Two residences, each with 922 square feet of living area
- Each unit includes 2 bedrooms, 1 bathroom, private laundry, and a garage
- Combined living area of 1,844 square feet on a 0.24‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,147
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,940
$442.9K
Cap Rate 7%
$316,386
$316.4K
Cap Rate 9%
$246,078
$246.1K
Market Conditions
NOI Build-Up for 1,844 SF
Gross rent
$33.9K $18.36/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$31.6K $17.16/SF
− OpEx
−$9.5K −$5.15/SF
NOI
$22.1K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,940
Cap Rate 7%
$316,386
Cap Rate 9%
$246,078
Alternative Uses
Best Use
Multifamily LT 5
$316.4K
$276.8K – $369.1K
NOI $22,147 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$291.4K
$254.9K – $339.9K
NOI $20,395 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 6.85%
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
50
Businesses Nearby
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Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer private laundry, a patio, and a two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 1282 SE Appleseed Dr Dallas, OR.
What is the asking price?
The asking price for this property is $499,990.
What are key features of this property?
This property features: Two residences, each with 922 square feet of living area; Each unit includes 2 bedrooms, 1 bathroom, private laundry, and a garage; Combined living area of 1,844 square feet on a 0.24‑acre lot
