Triplex with Attached
New
For Sale
$899,900
1366 Northern Heights LOOP, Keizer, OR 97303
A corner-lot property combines a detached home with a two-story duplex and separate parking for each duplex unit.
Property Size3,720 SF
Price / SF$241.91
Days on Market5
Property Features for 1366 Northern Heights LOOP
General Information
Standard status
Active
Size
3,720 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1996
Buildings
2
Listing Agency:
Matin Real Estate
Listed By:
Donna Roberts
(360) 844-3142
Source:
Donnarobertsgroup
Added: Oct 28
Changed: Oct 31
Last Checked: Nov 1 at 5:07AM
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 Matin Real Estate
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Investment Insights
Based on property information with market context.
The triplex includes a two-story, three-bedroom single-family home with three full bathrooms, a mini-split system, separate meter, private laundry, and single-car carport. The residence is complemented by a two-story duplex, with an attached single-car garage serving each unit.
The property occupies a corner lot measuring more than a quarter acre. The home is identified as built in 2021; the property record also lists 1996 as the year built, so no single construction year is stated here.
The property occupies a corner lot measuring more than a quarter acre. The home is identified as built in 2021; the property record also lists 1996 as the year built, so no single construction year is stated here.
Key Highlights
- Triplex configuration with a two‑story home and a two‑story duplex
- Detached home has 3 bedrooms and 3 full bathrooms
- The home includes a mini‑split, separate meter, private laundry, and single‑car carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,310
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,200
$566.2K
Cap Rate 7%
$404,429
$404.4K
Cap Rate 9%
$314,556
$314.6K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$43.3K $11.64/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$40.4K $10.87/SF
− OpEx
−$12.1K −$3.26/SF
NOI
$28.3K $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%
$566,200
Cap Rate 7%
$404,429
Cap Rate 9%
$314,556
Alternative Uses
Best Use
Multifamily LT 5
$404.4K
$353.9K – $471.8K
NOI $28,310 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$375.9K
$328.9K – $438.5K
NOI $26,310 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$874.9K
$765.5K – $1.02M
NOI $61,242 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
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Business Placement
Demographics for 97303, OR
41,441
Population
15,740
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
24.9 sq mi
ZIP Area
1,664
Density / Sq Mi
$81,057
Median Household Income
$45,034
Median Earnings
$1,361
Median Rent
$396,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A corner-lot property combines a detached home with a two-story duplex and separate parking for each duplex unit.
Where is this triplex located?
The property is located at 1366 Northern Heights LOOP Keizer, OR.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Triplex configuration with a two‑story home and a two‑story duplex; Detached home has 3 bedrooms and 3 full bathrooms; The home includes a mini‑split, separate meter, private laundry, and single‑car carport
