Single-Level Two-Bedroom
For Sale
$475,000
1453 W Locust St, Stayton, OR 97383
Two residential units offer private yard access, laundry hookups, and a garage for each unit.
Property Size1,936 SF
Days on Market25
Property Features for 1453 W Locust St
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Multi Family Home
Property Condition
Severity
Minor
Evidence
Unit 1455 updates were in progress, Seller Offers $10k credit for completion of updates
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
slider to private yards
Washer/Dryer Hookup
Building Details
Building Size
1,936 SF
Year Built
1995
Buildings
1
Stories
1
Units
2
Listing Agency:
Overall Real Estate
(503) 559-1367
Listed By:
Rebecca Overall · License #970700115
(503) 559-1367
Source:
Allprofessionalsre
Added: Jul 24
Changed: Aug 14
Last Checked: Aug 16 at 4:00PM
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 Overall Real Estate
Investment Insights
Based on property information with market context.
Built in 1995, this single-story duplex contains two two-bedroom units. Each residence includes a slider opening to a private yard, washer and dryer hookups, and a single garage. The unit at 1453 W Locust St has been updated, while improvements to the second unit were underway.
The property is located in Stayton, Oregon, within Pineland Subdivision Ph 2. Its two-unit configuration supports multifamily ownership and provides a practical arrangement for an owner occupant seeking a separate residential unit on the same property.
The property is located in Stayton, Oregon, within Pineland Subdivision Ph 2. Its two-unit configuration supports multifamily ownership and provides a practical arrangement for an owner occupant seeking a separate residential unit on the same property.
Key Highlights
- Two‑unit duplex with two bedrooms in each residence
- Single‑level construction, built in 1995
- Private yard access from both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,660
$294.7K
Cap Rate 7%
$210,471
$210.5K
Cap Rate 9%
$163,700
$163.7K
Market Conditions
NOI Build-Up for 1,936 SF
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.
Gross rent
$22.5K $11.64/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$21.0K $10.87/SF
− OpEx
−$6.3K −$3.26/SF
NOI
$14.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,660
Cap Rate 7%
$210,471
Cap Rate 9%
$163,700
Alternative Uses
Best Use
Multifamily LT 5
$210.5K
$184.2K – $245.6K
NOI $14,733 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$455.3K
$398.4K – $531.2K
NOI $31,872 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 97383, OR
10,079
Population
4,116
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
212
Density / Sq Mi
$75,094
Median Household Income
$41,366
Median Earnings
$1,090
Median Rent
$408,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private yard access, laundry hookups, and a garage for each unit.
Where is this duplex located?
The property is located at 1453 W Locust St Stayton, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms in each residence; Single‑level construction, built in 1995; Private yard access from both units
