Turnkey Duplex with Income
For Sale
$539,000
1522 E WASHINGTON Ave, Cottage Grove, OR 97424
MULTI_FAMILY - CottageGrove, OR
Property Size1,992 SF
Lot Size0.26 Acres
Price / SF$270.58
Days on Market95
Property Features for 1522 E WASHINGTON Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 3
Elementary school
Harrison
Middle school
Lincoln
High school
Cottage Grove
Directions
so. on Gateway Blvd to right on E.Washington to address
Subdivision
_235
Standard status
Active
APN
1047602
Size
1,992 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
20-03-28-44-03802
Tax Annual Amount
4710
Legal Description
20-03-28-44-03802
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air, Heat Pump
Building Details
Year built
1972
Floors in Building
2
Number of units
2
Roof type
Composition, Shingle
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
Bob Avery · License #201004019
(541) 510-6184
Added: Apr 27
Changed: Jul 28
Last Checked: Jul 30 at 7:06PM
MLS# 684971736
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey duplex, suitable for owner-occupancy with income potential or multigenerational living, features two units, each with 2 bedrooms, 1.5 baths, and an oversized one-car garage. The property was fully rebuilt down to the studs in 2010 and offers quality finishes, including Lanz birch kitchen cabinets and tile kitchen flooring. Wall-to-wall carpet is installed in the living areas and bedrooms. Vaulted ceilings and ceiling fans enhance both bedrooms. The 1522 unit includes a bonus room. The property includes spacious front and back yards, plus a nearly new Tuff Shed on the owner's side. Located one block from a park with pickleball courts and two blocks from shopping, dining, and everyday services. One unit is currently owner-occupied, while the second unit is rented to a long-term family friend at below-market rent, providing future income potential. The floor plans are similar mirror images, except the 1520 unit does not include the bonus room. The property is situated on a 0.26-acre lot. The total property size is 1992 square feet.
Key Highlights
- 2‑unit duplex with each side featuring 2 bedrooms and 1.5 baths
- 1522 E Washington includes a bonus room; floor plans otherwise are similar mirror images (1520 does not include the bonus room)
- Oversized one‑car garages for each unit, plus spacious front and back yards
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $15.00 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $27.9k | $14.03 |
| − OpEx | −$8.4k | −$4.21 |
| NOI | $19.6k | $9.82 |
1,992 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$279.4K
$244.5K – $325.9K
NOI $19,556 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$260.1K
$227.6K – $303.4K
NOI $18,205 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$504.0K
$441.0K – $588.0K
NOI $35,277 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
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 - High-quality duplex ideal for owner-occupancy or multigenerational living.
Where is this duplex located?
The property is located at 1522 E WASHINGTON Ave Cottage Grove, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 2‑unit duplex with each side featuring 2 bedrooms and 1.5 baths; 1522 E Washington includes a bonus room; floor plans otherwise are similar mirror images (1520 does not include the bonus room); Oversized one‑car garages for each unit, plus spacious front and back yards
