Single-Level Duplex with
New
For Sale
$699,000
1545 SW Kalama Ave, Redmond, OR 97756
Two spacious bedroom units include central air conditioning and fenced, low-maintenance back yards.
Property Size2,870 SF
Price / SF$243.55
Days on Market2
Property Features for 1545 SW Kalama Ave
General Information
Standard status
Active
Size
2,870 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Central AC
fenced back yard
Building Details
Year Built
2019
Buildings
1
Stories
1
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Oct 23
Last Checked: Oct 23 at 4:26PM
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 Home and Land Real Estate
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Investment Insights
Based on property information with market context.
Built in 2019, this single-level duplex contains 2,870 square feet. Both units feature spacious kitchens that open to living areas with vaulted ceilings, along with oversized bedrooms. Central air conditioning and a two-car garage serve the property, and each unit has a fenced back yard designed for low maintenance.
The duplex is in southwest Redmond, across the street from open park space. Its configuration supports either owner occupancy or investment use.
The duplex is in southwest Redmond, across the street from open park space. Its configuration supports either owner occupancy or investment use.
Key Highlights
- 2,870‑square‑foot duplex completed in 2019
- Single‑level building with vaulted ceilings and open kitchen‑to‑living areas
- Oversized bedrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,261
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,220
$805.2K
Cap Rate 7%
$575,157
$575.2K
Cap Rate 9%
$447,344
$447.3K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$62.0K $21.60/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$57.5K $20.04/SF
− OpEx
−$17.3K −$6.01/SF
NOI
$40.3K $14.03/SF
Area
Deschutes County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,220
Cap Rate 7%
$575,157
Cap Rate 9%
$447,344
Alternative Uses
Best Use
Multifamily LT 5
$575.2K
$503.3K – $671.0K
NOI $40,261 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$525.1K
$459.4K – $612.6K
NOI $36,755 @ 7.0% cap · market cap 5.26%
Theoretical Best
Retail
$987.7K
$864.3K – $1.15M
NOI $69,142 @ 7.0% cap · market cap 9.89%
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
1,053
Businesses Nearby
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Business Placement
Demographics for 97756, OR
42,168
Population
18,335
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
92%
High-School Grad
126.3 sq mi
ZIP Area
334
Density / Sq Mi
$84,067
Median Household Income
$41,909
Median Earnings
$1,473
Median Rent
$469,000
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 spacious bedroom units include central air conditioning and fenced, low-maintenance back yards.
Where is this duplex located?
The property is located at 1545 SW Kalama Ave Redmond, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,870‑square‑foot duplex completed in 2019; Single‑level building with vaulted ceilings and open kitchen‑to‑living areas; Oversized bedrooms in both units
