Quadplex with Private
For Sale
$665,000
162 Napa St, Eagle Point, OR 97524
Four two-bedroom homes feature central HVAC and connections for in-unit laundry.
Property Size3,974 SF
Price / SF$167.34
Days on Market9
Property Features for 162 Napa St
General Information
Standard status
Active
Size
3,974 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
patio
central HVAC
in-unit laundry
Building Details
Year Built
1996
Buildings
1
Stories
2
Listing Agency:
Merit Commercial RE, LLC
Listed By:
Caspian C Hoehne · License #201234073
(541) 608-6704
Source:
Portlandoregonhomelistings
Added: Sep 26
Changed: Oct 3
Last Checked: Oct 4 at 10:01AM
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 Merit Commercial RE, LLC
Investment Insights
Based on property information with market context.
Built in 1996, this 3,974-square-foot, two-story quadplex contains four single-level units, each with two bedrooms, two bathrooms, an oversized patio, central HVAC, and laundry connections. Residents share alley-accessed parking with the neighboring apartment building. The current leases are month-to-month. The landlord covers water and sewer; tenants pay for garbage, electricity, and internet.
The property is in Eagle Point beside Eagle Point High School.
The property is in Eagle Point beside Eagle Point High School.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 3,974 SF two‑story building, built in 1996
- Single‑level residences with oversized patios
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,587
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$851,740
$851.7K
Cap Rate 7%
$608,386
$608.4K
Cap Rate 9%
$473,189
$473.2K
Market Conditions
NOI Build-Up for 3,974 SF
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.
Gross rent
$64.4K $16.20/SF
− Vacancy
−$3.5K −$0.89/SF
EGI
$60.8K $15.31/SF
− OpEx
−$18.3K −$4.59/SF
NOI
$42.6K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$851,740
Cap Rate 7%
$608,386
Cap Rate 9%
$473,189
Alternative Uses
Best Use
Multifamily LT 5
$608.4K
$532.3K – $709.8K
NOI $42,587 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$533.9K
$467.2K – $622.9K
NOI $37,375 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$959.2K
$839.3K – $1.12M
NOI $67,145 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 97524, OR
15,970
Population
6,216
Households
2.6
Avg Household Size
46
Median Age
21%
College-Educated
89%
High-School Grad
359.3 sq mi
ZIP Area
44
Density / Sq Mi
$81,944
Median Household Income
$44,799
Median Earnings
$1,340
Median Rent
$421,400
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?
Quadplex - Four two-bedroom homes feature central HVAC and connections for in-unit laundry.
Where is this quadplex located?
The property is located at 162 Napa St Eagle Point, OR.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,974 SF two‑story building, built in 1996; Single‑level residences with oversized patios
