Modern Duplex
1288 44th Avenue Sweet Home, OR 97386
For Sale
$489,000
Newly built duplex from 2020 with two matching four-bedroom layouts and ductless heating and cooling in each unit.
Property Size2,560 SF
Price / SF$191.02
Days on Market149
Property Features for 1288 44th Avenue
General Information
- Standard status
- Active
- Size
- 2,560 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2020
Listing Agency:
ICON Real Estate Group
(541) 359-9132
Listed By:
Joshua Glaspie · License #201224520
(541) 359-9132
Source:
Compass
Added: Feb 25
Changed: Jul 23
Last Checked: Jul 23 at 4:03PM
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.
Built in 2020, this newer-construction duplex offers a contemporary, clean design and updated interior finishes. Each side features a distinct four-bedroom layout, along with modern touches including quartz countertops, shaker cabinets, and stainless steel appliances. Both units are equipped with an efficient ductless heating and cooling system for year-round comfort, supporting practical day-to-day livability.
The property is located at 1288 44th Avenue in Sweet Home, Oregon. Public remarks describe it as being in a strong rental area.
In addition to this duplex, the seller notes an option to purchase one, two, or three duplexes, allowing for a scalable acquisition with consistent construction quality and design across multiple units.
The property is located at 1288 44th Avenue in Sweet Home, Oregon. Public remarks describe it as being in a strong rental area.
In addition to this duplex, the seller notes an option to purchase one, two, or three duplexes, allowing for a scalable acquisition with consistent construction quality and design across multiple units.
Key Highlights
- New 2020‑built duplex with 2 stories and concrete perimeter foundation
- Each side offers a unique 4‑bedroom layout for flexible tenant appeal
- Modern interiors with quartz countertops, shaker cabinets, and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $13.80 |
| − Vacancy | −$805 | −$0.31 |
| EGI | $34.5k | $13.49 |
| − OpEx | −$10.4k | −$4.05 |
| NOI | $24.2k | $9.44 |
2,560 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.8K
NOI $24,166 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K
NOI $52,204 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built duplex from 2020 with two matching four-bedroom layouts and ductless heating and cooling in each unit.
Where is this duplex located?
The property is located at 1288 44th Avenue Sweet Home, OR.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: New 2020‑built duplex with 2 stories and concrete perimeter foundation; Each side offers a unique 4‑bedroom layout for flexible tenant appeal; Modern interiors with quartz countertops, shaker cabinets, and stainless steel appliances
