Triplex with Attached
New
For Sale
$550,000
166 Napa St, Eagle Point, OR 97524
Three two-bedroom, two-bath residences include one vacant unit, while the occupied units are on month-to-month leases.
Property Size3,121 SF
Price / SF$176.23
Days on Market5
Property Features for 166 Napa St
General Information
Standard status
Active
Size
3,121 SF
Property subtype
Multi-Family
Building Details
Year Built
1996
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 30
Last Checked: Oct 4 at 9:19AM
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
Investment Insights
Based on property information with market context.
Built in 1996, this two-story triplex contains 3,121 square feet and three two-bedroom, two-bath units. Unit A, on the first floor, is vacant; the occupied units have month-to-month leases. Three attached garages sit beneath Unit C, with additional parking accessed from the alley.
The property at 166 Napa Street is next to Eagle Point High School in Eagle Point, Oregon. An adjacent fourplex on a separate parcel is also available for purchase, either individually or alongside the triplex.
The landlord provides water and sewer service. Tenants pay for garbage, electricity to their units, and internet.
The property at 166 Napa Street is next to Eagle Point High School in Eagle Point, Oregon. An adjacent fourplex on a separate parcel is also available for purchase, either individually or alongside the triplex.
The landlord provides water and sewer service. Tenants pay for garbage, electricity to their units, and internet.
Key Highlights
- Three units, each with 2 bedrooms and 2 bathrooms
- 3,121‑square‑foot, two‑story building built in 1996
- Unit A is vacant; occupied units have month‑to‑month leases
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
$33,446
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
6.08%
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%
$668,920
$668.9K
Cap Rate 7%
$477,800
$477.8K
Cap Rate 9%
$371,622
$371.6K
Market Conditions
NOI Build-Up for 3,121 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
$50.6K $16.20/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$47.8K $15.31/SF
− OpEx
−$14.3K −$4.59/SF
NOI
$33.4K $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%
$668,920
Cap Rate 7%
$477,800
Cap Rate 9%
$371,622
Alternative Uses
Best Use
Multifamily LT 5
$477.8K
$418.1K – $557.4K
NOI $33,446 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$753.3K
$659.2K – $878.9K
NOI $52,732 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom, two-bath residences include one vacant unit, while the occupied units are on month-to-month leases.
Where is this triplex located?
The property is located at 166 Napa St Eagle Point, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 2 bathrooms; 3,121‑square‑foot, two‑story building built in 1996; Unit A is vacant; occupied units have month‑to‑month leases
