2020-Built Four-Bedroom
For Sale
$475,000
1284 44th Ave, Sweet Home, OR 97386
Two residential units feature contemporary finishes, ductless climate control, and practical layouts for rental occupancy.
Property Size2,560 SF
Price / SF$185.55
Days on Market213
Property Features for 1284 44th Ave
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Building Details
Year Built
2020
Buildings
1
Listing Agency:
ICON Real Estate Group
Listed By:
Joshua Glaspie · License #201224520
(541) 359-9132
Source:
Evokepropertypartners
Added: Mar 17
Changed: Oct 13
Last Checked: Oct 12 at 9:59PM
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 ICON Real Estate Group
Investment Insights
Based on property information with market context.
This duplex contains 2,560 square feet and was completed in 2020. Both units offer 4 bedrooms along with functional living areas and contemporary interior appointments, including quartz countertops, shaker-style cabinetry, and stainless steel appliances. Ductless heating and cooling systems serve each side for year-round climate control.
The property is zoned R1 and includes concrete perimeter construction, cement and lap siding, and shingle roofing. The configuration provides two separately arranged residences within one building, with consistent finishes and layouts across both units. The offering also supports the potential acquisition of one, two, or three duplexes, as described in the property information.
The property is zoned R1 and includes concrete perimeter construction, cement and lap siding, and shingle roofing. The configuration provides two separately arranged residences within one building, with consistent finishes and layouts across both units. The offering also supports the potential acquisition of one, two, or three duplexes, as described in the property information.
Key Highlights
- 2,560‑square‑foot duplex completed in 2020
- Each of the 2 units includes 4 bedrooms
- Quartz countertops, shaker cabinets, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,166
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,320
$483.3K
Cap Rate 7%
$345,229
$345.2K
Cap Rate 9%
$268,511
$268.5K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$35.3K $13.80/SF
− Vacancy
−$805 −$0.31/SF
EGI
$34.5K $13.49/SF
− OpEx
−$10.4K −$4.05/SF
NOI
$24.2K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,320
Cap Rate 7%
$345,229
Cap Rate 9%
$268,511
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.8K
NOI $24,166 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K
NOI $52,204 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 97386, OR
14,611
Population
6,339
Households
2.3
Avg Household Size
44
Median Age
11%
College-Educated
87%
High-School Grad
125.9 sq mi
ZIP Area
116
Density / Sq Mi
$68,116
Median Household Income
$37,125
Median Earnings
$1,141
Median Rent
$302,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature contemporary finishes, ductless climate control, and practical layouts for rental occupancy.
Where is this duplex located?
The property is located at 1284 44th Ave Sweet Home, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,560‑square‑foot duplex completed in 2020; Each of the 2 units includes 4 bedrooms; Quartz countertops, shaker cabinets, and stainless steel appliances
