Duplex with
For Sale
$469,900
1640 19th St, Florence, OR 97439
Two residences offer flexible layouts with offices, modern appliances, and private outdoor areas.
Property Size1,680 SF
Price / SF$279.70
Days on Market84
Property Features for 1640 19th St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit washer/dryer
dishwasher
stove
refrigerator
ductless heat pumps
LVP flooring
garages
on-site parking
backyard
low-maintenance landscaping
Building Details
Year Built
2018
Listing Agency:
TR Hunter Real Estate
Listed By:
Vanessa Buss · License #201260194
(541) 991-0478
Source:
Rosecityrealtygroup
Added: Jul 27
Changed: Oct 8
Last Checked: Oct 7 at 5:12PM
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 TR Hunter Real Estate
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Investment Insights
Based on property information with market context.
Built in 2018, this 1,680-square-foot duplex contains two residences, each with 2 bedrooms, 1 bath, and a dedicated office that provides additional layout flexibility. Oversized primary bedrooms, open living areas, LVP flooring, and contemporary finishes define the interiors. Each residence also includes an in-unit washer and dryer, dishwasher, stove, refrigerator, ductless heat pump, garage, and spacious backyard area.
The property is located in Florence near local schools and a community park. Low-maintenance landscaping and a clean, well-maintained condition complement the newer construction. On-site parking serves both residences, while the combination of separate living spaces and functional amenities supports the property’s multifamily configuration.
The property is located in Florence near local schools and a community park. Low-maintenance landscaping and a clean, well-maintained condition complement the newer construction. On-site parking serves both residences, while the combination of separate living spaces and functional amenities supports the property’s multifamily configuration.
Key Highlights
- Two‑residence duplex with 1,680 square feet
- Each unit includes 2 bedroom, 1 bath, and a dedicated office
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,493
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$25.2K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$23.6K $14.03/SF
− OpEx
−$7.1K −$4.21/SF
NOI
$16.5K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$219.3K
$191.9K – $255.9K
NOI $15,354 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$425.0K
$371.9K – $495.9K
NOI $29,751 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexible layouts with offices, modern appliances, and private outdoor areas.
Where is this duplex located?
The property is located at 1640 19th St Florence, OR.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑residence duplex with 1,680 square feet; Each unit includes 2 bedroom, 1 bath, and a dedicated office; Built in 2018
