Updated Duplex with Private
For Sale
$349,900
5351 Osage St, Sweet Home, OR 97386
Two-bedroom layouts include laundry hookups, outdoor areas, and supplemental driveway parking.
Property Size1,092 SF
Price / SF$320.42
Days on Market68
Property Features for 5351 Osage St
General Information
Standard status
Active
Size
1,092 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$34,572
Building Details
Year Built
1945
Listing Agency:
EXP REALTY, LLC
Listed By:
CHRISTINE KITES
(541) 231-4535
Source:
Wisser
Added: Aug 3
Changed: Sep 15
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
Built in 1945, this duplex contains two approximately 546-square-foot units, each arranged with two bedrooms, one bathroom, a one-car garage, and washer/dryer hookups. Both residences use an open great-room layout, wall furnace heat, and separate front, side, and rear yard areas, with additional parking available in the driveways.
Unit A has received kitchen, flooring, and bathroom updates and includes a refrigerator, oven, and dishwasher. Unit B is occupied by a long-term tenant. Ownership responsibilities include water, sewer, and yard maintenance, while tenants handle power and garbage. The property is located at 5351 Osage St in Sweet Home, Oregon.
Unit A has received kitchen, flooring, and bathroom updates and includes a refrigerator, oven, and dishwasher. Unit B is occupied by a long-term tenant. Ownership responsibilities include water, sewer, and yard maintenance, while tenants handle power and garbage. The property is located at 5351 Osage St in Sweet Home, Oregon.
Key Highlights
- Two‑unit duplex with approximately 1,092 SF total
- Each unit offers 2 bedrooms, 1 bath, a 1‑car garage, and washer/dryer hookups
- Unit A includes an updated kitchen, newer carpet, vinyl, and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,308
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,160
$206.2K
Cap Rate 7%
$147,257
$147.3K
Cap Rate 9%
$114,533
$114.5K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$15.1K $13.80/SF
− Vacancy
−$344 −$0.31/SF
EGI
$14.7K $13.49/SF
− OpEx
−$4.4K −$4.05/SF
NOI
$10.3K $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%
$206,160
Cap Rate 7%
$147,257
Cap Rate 9%
$114,533
Alternative Uses
Best Use
Multifamily LT 5
$147.3K
$128.9K – $171.8K
NOI $10,308 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$135.7K
$118.7K – $158.3K
NOI $9,496 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$318.1K
$278.4K – $371.1K
NOI $22,268 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layouts include laundry hookups, outdoor areas, and supplemental driveway parking.
Where is this duplex located?
The property is located at 5351 Osage St Sweet Home, OR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,092 SF total; Each unit offers 2 bedrooms, 1 bath, a 1‑car garage, and washer/dryer hookups; Unit A includes an updated kitchen, newer carpet, vinyl, and bath
