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    Turnkey Duplex with 2 Garages Title is generated by Realmo AI

    1640 19TH St, Florence, OR 97439

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    Claim this Listing
    New
    For Sale
    $525,000

    MULTI_FAMILY - Florence, OR

    Property size:
    840 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $625/SF
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for 1640 19TH St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HR
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1
    Standard status
    Active
    APN
    0791887
    Size
    840 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    18-12-26-22-06000
    Tax Annual Amount
    2734

    Utilities

    Heating system
    Ductless (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Wall Unit(s)

    Building Details

    Year built
    2018
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Vanessa Buss

    Listing agent Vanessa Buss

    Listing office TR Hunter Real Estate 1749 Hwy 101, Florence, OR

    Listing date Jun 2, 2026

    MLS# 460153542 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex built in 2018 with two 1‑bedroom, 1‑bath residences, each including a dedicated office
    • Each unit has ductless heat pumps plus wall unit cooling
    • In‑unit washer/dryer, dishwasher, stove, and refrigerator included in both residences
    • Composition roof and LVP flooring throughout
    • Includes garages, ample on‑site parking, and spacious backyard areas
    • Low‑maintenance landscaping with close access to local schools and a community park

    Overview

    Built in 2018, this turnkey duplex offers two separate 1-bedroom, 1-bath residences, each with a dedicated office that can function as an additional sleeping option. Both units feature open-concept living areas with oversized primary bedrooms, quality finishes, and modern upgrades designed for everyday comfort. The property includes in-unit washer and dryer, a dishwasher, stove, and refrigerator, along with ductless heat pumps and LVP flooring. Each unit also comes with garage parking, plus ample on-site parking and spacious backyard areas, all supported by low-maintenance landscaping.

    Located in Florence, Oregon, the property sits on a compact 0.14-acre lot and is positioned just minutes from local schools and a community park. The combination of nearby daily amenities and a newer, well-maintained building helps support tenant appeal and long-term rental demand.

    Well-suited to investors seeking a low-hassle, newer construction income property, this duplex provides two income-producing units with practical interior flexibility and strong in-home convenience. Its clean condition, contemporary improvements, and straightforward ownership profile make it an appealing option for buyers looking for immediate rental functionality.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lane
    State
    Oregon
    Longitude
    -124.103306
    Latitude
    43.983086

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    FAQs

    What type of property is this?
    Duplex - Newly built duplex featuring two 1-bedroom units with in-unit laundry, ductless heat pumps, garages, and ample parking.
    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 $525,000.
    What are key features of this property?
    This property features: Duplex built in 2018 with two 1‑bedroom, 1‑bath residences, each including a dedicated office; Each unit has ductless heat pumps plus wall unit cooling; In‑unit washer/dryer, dishwasher, stove, and refrigerator included in both residences
    (541) 991-0478
    We can help!
    Listing Contact
    Vanessa Buss
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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