Two-Home Duplex
New
For Sale
$319,000
183 ECKLUND St, Canyonville, OR 97417
MultiFamily, Canyonville, OR
Property Size1,937 SF
Lot Size0.39 Acres
Price / SF$164.69
Days on Market5
Property Features for 183 ECKLUND St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
City
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1
Elementary school
Canyonville
Middle school
Canyonville
High school
South Umpqua
Directions
Exit 99 to main St, Left on Ecklund to end of the street then down driveway.
Subdivision
_258
Standard status
Active
APN
R38966
Size
1,937 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Description
ECKLUND ADD, LOT PT 8, ACRES 0.39
Tax Annual Amount
2121
Legal Description
ECKLUND ADD, LOT PT 8, ACRES 0.39
Utilities
Heating system
Zoned, Baseboard
Cooling system
Window Unit(s)
Amenities
greenhouse
outbuilding
Building Details
Year built
1974
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 673-3272
Listed By:
Carol Thompson
(541) 580-1531
Added: Sep 22
Last Checked: Sep 26 at 2:06AM
MLS# 481091634
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.
Investment Insights
Based on property information with market context.
This duplex-style property comprises two residences totaling 1,937 square feet on a 0.39-acre lot. The 1974 improvements include a 1,013-square-foot A-frame at 185 Ecklund with two bedrooms, two bathrooms, a sitting room, balcony, sunroom, laundry room, mudroom, and retro kitchen. The second home at 183 Ecklund measures 924 square feet and includes one bedroom, a den, bathroom, and laundry hookups.
Each residence has its own address, power meter, and water meter. Exterior improvements include a greenhouse and a separate outbuilding with electricity and a half bathroom. Mature landscaping, an end-of-road setting, and views toward Canyon Creek add to the property's residential setting. Heating includes zoned and baseboard systems, while cooling is provided by window units.
Each residence has its own address, power meter, and water meter. Exterior improvements include a greenhouse and a separate outbuilding with electricity and a half bathroom. Mature landscaping, an end-of-road setting, and views toward Canyon Creek add to the property's residential setting. Heating includes zoned and baseboard systems, while cooling is provided by window units.
Key Highlights
- Two residences totaling 1,937 square feet on 0.39 acres
- Separate addresses, power meters, and water meters for each home
- 185 Ecklund A‑frame: 1,013 square feet, 2 bedrooms, and 2 bathrooms
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
$9,933
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
3.11%
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%
$198,660
$198.7K
Cap Rate 7%
$141,900
$141.9K
Cap Rate 9%
$110,367
$110.4K
Market Conditions
NOI Build-Up for 1,937 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
$15.3K $7.92/SF
− Vacancy
−$1.2K −$0.59/SF
EGI
$14.2K $7.33/SF
− OpEx
−$4.3K −$2.20/SF
NOI
$9.9K $5.13/SF
Area
Douglas County, OR
Vacancy
7.50%
Lease Rate
$7.92 /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%
$198,660
Cap Rate 7%
$141,900
Cap Rate 9%
$110,367
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.2K – $165.6K
NOI $9,933 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$133.2K
$116.6K – $155.4K
NOI $9,324 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$335.3K
$293.4K – $391.1K
NOI $23,468 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 97417, OR
2,175
Population
1,175
Households
1.9
Avg Household Size
54
Median Age
9%
College-Educated
87%
High-School Grad
28.6 sq mi
ZIP Area
76
Density / Sq Mi
$46,971
Median Household Income
$30,294
Median Earnings
$998
Median Rent
$218,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Separate residences with individual utility meters support flexible residential use on a landscaped Canyonville parcel.
Where is this duplex located?
The property is located at 183 ECKLUND St Canyonville, OR.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two residences totaling 1,937 square feet on 0.39 acres; Separate addresses, power meters, and water meters for each home; 185 Ecklund A‑frame: 1,013 square feet, 2 bedrooms, and 2 bathrooms
