Triplex with Attached
New
For Sale
$899,900
1366 Northern Heights Loop, Keizer, OR 97303
Residential Income, Keizer, OR
Property Size3,720 SF
Lot Size0.27 Acres
Price / SF$241.91
Days on Market7
Property Features for 1366 Northern Heights Loop
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MU - Mixed Use
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 7, Bathroom 6
Parking
3
Parking features
Garage - Attached, Driveway, Carport, On Street
Window features
Vinyl Frames
Interior features
Kitchen Island
Exterior features
Private Yard
Appliances
Disposal, Dishwasher, Microwave, Refrigerator, Water Heater, Disposal, Dishwasher, Microwave, Refrigerator, Water Heater
Lot features
Irregular Lot, Level
Elementary school district
Outside Area
Middle school district
Outside Area
High school district
Outside Area
Directions
Follow GPS
Standard status
Active
APN
546521
Size
3,720 SF
Lot size
0.27 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7593
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Zoned
Water source
Public
Amenities
laundry
Building Details
Year built
1996
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Carpet
Building materials
Fiber Cement, Lap Siding
Roof type
Composition
Buildings
2
Listing Agency:
Vantage Point Brokers
(503) 523-0997
Listed By:
Kevin Lee Riley · License #201215784
(503) 580-1500
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 9:06AM
MLS# 26-2809
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This triplex in Keizer comprises a two-story single-family home built in 2021 and a separate two-story duplex. The home has three bedrooms, three full bathrooms, its own laundry, a separate meter, a mini-split system, and a single-car carport. Each duplex unit has an attached single-car garage. The property totals 3,720 square feet on a 0.27-acre corner lot and is zoned MU - Mixed Use.
Additional features include a kitchen island, private yard, driveway parking, public water, and public sewer. The property is located in Keizer, Oregon.
Additional features include a kitchen island, private yard, driveway parking, public water, and public sewer. The property is located in Keizer, Oregon.
Key Highlights
- Triplex with a 2021 two‑story single‑family home and a two‑story duplex
- 3,720 square feet on a 0.27‑acre corner lot
- Home includes three bedrooms, three full bathrooms, separate laundry, a separate meter, and a mini‑split system
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 2021 two-story residence adds three bedrooms and three full bathrooms to the property.
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 with a 2021 two‑story single‑family home and a two‑story duplex; 3,720 square feet on a 0.27‑acre corner lot; Home includes three bedrooms, three full bathrooms, separate laundry, a separate meter, and a mini‑split system
