Remodeled Duplex with
For Sale
$609,900
2185-2187 Dorsey Dr, Hubbard, OR 97032
Both occupied units offer open layouts, one-car garages, and a setting beside a nature preserve.
Property Size2,552 SF
Price / SF$238.99
Days on Market59
Property Features for 2185-2187 Dorsey Dr
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Listing Agency:
HOMESMART REALTY GROUP
Listed By:
CHUN TRUONG · License #199911024
(503) 851-3167
Source:
Wisser
Added: Aug 9
Changed: Sep 6
Last Checked: Oct 5 at 9:00PM
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 HOMESMART REALTY GROUP
Investment Insights
Based on property information with market context.
This 2,552-square-foot duplex, built in 2003, has been recently remodeled and includes two occupied units. Each residence is described with an open floor plan, while the property provides 1-car garages and a private setting backing to a nature preserve.
Located on Dorsey Dr in Hubbard, the property combines established residential construction with existing occupancy and rental income. The duplex configuration offers two separate living spaces within one investment property.
Located on Dorsey Dr in Hubbard, the property combines established residential construction with existing occupancy and rental income. The duplex configuration offers two separate living spaces within one investment property.
Key Highlights
- 2,552 SF duplex built in 2003
- Recently remodeled two‑unit property
- Both units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,421
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,420
$388.4K
Cap Rate 7%
$277,443
$277.4K
Cap Rate 9%
$215,789
$215.8K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$29.7K $11.64/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$27.7K $10.87/SF
− OpEx
−$8.3K −$3.26/SF
NOI
$19.4K $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%
$388,420
Cap Rate 7%
$277,443
Cap Rate 9%
$215,789
Alternative Uses
Best Use
Multifamily LT 5
$277.4K
$242.8K – $323.7K
NOI $19,421 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$257.8K
$225.6K – $300.8K
NOI $18,049 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$600.2K
$525.2K – $700.2K
NOI $42,013 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 97032, OR
5,188
Population
1,805
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
290
Density / Sq Mi
$100,301
Median Household Income
$47,561
Median Earnings
$1,492
Median Rent
$444,200
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 - Both occupied units offer open layouts, one-car garages, and a setting beside a nature preserve.
Where is this duplex located?
The property is located at 2185-2187 Dorsey Dr Hubbard, OR.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: 2,552 SF duplex built in 2003; Recently remodeled two‑unit property; Both units are occupied
