Townhome-Style 4-Unit
1524 SE Honeysuckle Loop Warrenton, OR 97146
1524 SE Honeysuckle Loop, Warrenton, OR, 97146
$1,500,000
For Sale
$1,500,000
Newer townhome-style quadplex with private garages, patios, and fire-suppression features designed for low-maintenance rentals.
Property Size6,472 SF
Price / SF$231.77
Days on Market177
Property Features for 1524 SE Honeysuckle Loop
General Information
- Standard status
- Active
- Size
- 6,472 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2017
Listing agency
Realty One Group Prestige
Listed by
Cheryl Johnson
(877) 319-7625
Source
Century21northhomes
Added: Jan 26 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 9:03AM
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 Realty One Group Prestige
Investment Insights
Based on property information with market context.
This for-sale 4-unit quadplex features townhouse-style layouts with private garages and patios. The units are described as being larger than typical rentals and include higher-end finishes, paired with building features intended to support durability and safety. Each unit includes a fire sprinkler system, and double 6-inch separation walls extend to the roof to provide enhanced fire protection.
The property is located on the North Oregon Coast near Fort Stevens and the Pacific Ocean, with retail and dining conveniences reportedly just minutes away, including Costco, Walmart, and Home Depot. The beach is described as approximately 10–12 minutes from the property.
Constructed as townhomes, the configuration offers future flexibility, including the potential to create four separate tax lots for individual resale. Owner financing is available for a well-qualified buyer with a minimum 25% down payment. For investors or owner-operators seeking a modern, maintenance-conscious 4-unit income property with built-in safety systems and an adaptable exit path, this quadplex is positioned for straightforward management and future options.
The property is located on the North Oregon Coast near Fort Stevens and the Pacific Ocean, with retail and dining conveniences reportedly just minutes away, including Costco, Walmart, and Home Depot. The beach is described as approximately 10–12 minutes from the property.
Constructed as townhomes, the configuration offers future flexibility, including the potential to create four separate tax lots for individual resale. Owner financing is available for a well-qualified buyer with a minimum 25% down payment. For investors or owner-operators seeking a modern, maintenance-conscious 4-unit income property with built-in safety systems and an adaptable exit path, this quadplex is positioned for straightforward management and future options.
Key Highlights
- Newer 4‑unit townhome‑style quadplex built in 2017
- Each unit includes private garage and patio space
- Fire sprinkler system in each unit, plus double 6‑inch separation walls extending to the roof
Local 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 | $89.3k | $13.80 |
| − Vacancy | −$22.9k | −$3.54 |
| EGI | $66.4k | $10.26 |
| − OpEx | −$19.9k | −$3.08 |
| NOI | $46.5k | $7.18 |
6,472 SF · lease $13.80/SF/yr · vacancy 25.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.7K
NOI $46,483 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$601.4K
$526.2K – $701.6K
NOI $42,096 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,718 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Newer townhome-style quadplex with private garages, patios, and fire-suppression features designed for low-maintenance rentals.
Where is this quadplex located?
The property is located at 1524 SE Honeysuckle Loop Warrenton, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Newer 4‑unit townhome‑style quadplex built in 2017; Each unit includes private garage and patio space; Fire sprinkler system in each unit, plus double 6‑inch separation walls extending to the roof
