Two-Unit Duplex with Private
1506 N Deborah Rd, Newberg, OR 97132
For Sale
$500,000
Pending
Two separate homes offer three-bedroom and two-bedroom layouts, each with its own covered patio and fenced outdoor area.
Property Size1,854 SF
Days on Market15
Property Features for 1506 N Deborah Rd
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
covered patio
fenced yard
garden area
tool shed
stainless dishwasher
laundry hookups
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices NW Real Estate
Listed By:
Marie Boatsman · License OR #200605106
(503) 550-8477
Source:
Teamgillott
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 8 at 6:43AM
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 Berkshire Hathaway HomeServices NW Real Estate
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Investment Insights
Based on property information with market context.
This Newberg duplex contains two distinct residences. The larger home has three bedrooms and a flex room, along with living and dining areas, a galley kitchen, a full bath, and laundry hookups. Its outdoor space includes a covered patio, fenced yard, garden area, and tool shed. The second residence offers two bedrooms, living and dining areas, an equipped kitchen with a stainless dishwasher, and a full bath with a tub and shower. A separate covered patio and fenced yard serve this home as well.
The property is in Newberg, with schools, shopping, dining, and everyday amenities nearby. The two homes have separate outdoor areas and different bedroom configurations.
The property is in Newberg, with schools, shopping, dining, and everyday amenities nearby. The two homes have separate outdoor areas and different bedroom configurations.
Key Highlights
- Two residences in one duplex
- Larger home has three bedrooms and a flex room
- Second home offers two bedrooms and a stainless dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,805
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,100
$476.1K
Cap Rate 7%
$340,071
$340.1K
Cap Rate 9%
$264,500
$264.5K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$45.6K $24.60/SF
− Vacancy
−$2.3K −$1.25/SF
EGI
$43.3K $23.35/SF
− OpEx
−$19.5K −$10.51/SF
NOI
$23.8K $12.84/SF
Area
Yamhill County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,100
Cap Rate 7%
$340,071
Cap Rate 9%
$264,500
Alternative Uses
Best Use
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$291.8K
$255.3K – $340.4K
NOI $20,425 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$500.4K
$437.9K – $583.9K
NOI $35,031 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
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Business Placement
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer three-bedroom and two-bedroom layouts, each with its own covered patio and fenced outdoor area.
Where is this duplex located?
The property is located at 1506 N Deborah Rd Newberg, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two residences in one duplex; Larger home has three bedrooms and a flex room; Second home offers two bedrooms and a stainless dishwasher
