Two-Unit Duplex with Updated
157 NE Fern -161 Ct, Dallas, OR 97338
For Sale
$530,000
Multi Family, Dallas, OR
Property Size1,896 SF
Lot Size0.20 Acres
Price / SF$279.54
Days on Market131
Property Features for 157 NE Fern -161 Ct
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
in-unit laundry
ductless heating and cooling
basement with bonus space
Building Details
Year built
Number of units
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
CHANDRA REYNOLDS
(503) 428-4491
Added: Jul 3
Changed: Oct 31
Last Checked: Nov 10 at 10:06AM
MLS# 843034
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,896-square-foot duplex contains two residences, each with its own laundry facilities and ductless heating and cooling. Both units also have a basement with bonus space and plumbing. Unit 161 has new flooring and countertops. The property was built in 1973 and sits on a 0.201-acre lot in Dallas, Oregon.
Key Highlights
- Two‑unit duplex with 1,896 square feet of building area
- Both units have separate laundry, ductless heating and cooling, plus a basement with bonus space and plumbing
- Unit 161 features new flooring and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,771
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,420
$455.4K
Cap Rate 7%
$325,300
$325.3K
Cap Rate 9%
$253,011
$253.0K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$34.8K $18.36/SF
− Vacancy
−$2.3K −$1.20/SF
EGI
$32.5K $17.16/SF
− OpEx
−$9.8K −$5.15/SF
NOI
$22.8K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,420
Cap Rate 7%
$325,300
Cap Rate 9%
$253,011
Alternative Uses
Best Use
Multifamily LT 5
$325.3K
$284.6K – $379.5K
NOI $22,771 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$299.6K
$262.1K – $349.5K
NOI $20,970 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$503.4K
$440.5K – $587.3K
NOI $35,238 @ 7.0% cap · market cap 6.65%
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
372
Businesses Nearby
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Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
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 - Each residence has private laundry, ductless heating and cooling, and a basement with bonus space and plumbing.
Where is this duplex located?
The property is located at 157 NE Fern -161 Ct Dallas, OR.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,896 square feet of building area; Both units have separate laundry, ductless heating and cooling, plus a basement with bonus space and plumbing; Unit 161 features new flooring and countertops
