Duplex with Shop and
1855 5TH ST, Columbia City, OR 97018
For Sale
$475,000
Two separately metered residences have independent heating, hot water, and electrical service.
Property Size1,872 SF
Price / SF$253.74
Days on Market301
Property Features for 1855 5TH ST
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplaces
formal dining spaces
covered deck
patio
washer/dryer hookups
shop
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Reger Homes, LLC
Listed By:
Richard Wold
(503) 545-0299
Source:
Woodlandwa
Added: Jan 14
Changed: Nov 7
Last Checked: Nov 9 at 12:41PM
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 Reger Homes, LLC
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Investment Insights
Based on property information with market context.
Built in 1968, this 1,872-SF, two-story duplex contains two residences: one with two bedrooms and another with one. Each unit has a full kitchen, gas fireplace, formal dining area, and access to a covered deck and patio. Separate gas furnaces, gas water heaters, electrical panels, and utility meters serve the units. A shared utility room has connections for individual washer and dryer sets. The property also includes a shop and garage with built-in storage and workspace features.
Views extend to the Columbia River and three mountains. Two neighborhood parks and a dog park are one block away, and highway access is nearby.
Views extend to the Columbia River and three mountains. Two neighborhood parks and a dog park are one block away, and highway access is nearby.
Key Highlights
- 1,872 SF across two stories
- Two units: one 2‑bedroom and one 1‑bedroom
- Separate gas furnaces, gas water heaters, electrical panels, and utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,200
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,000
$544.0K
Cap Rate 7%
$388,571
$388.6K
Cap Rate 9%
$302,222
$302.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$41.6K $22.20/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$38.9K $20.76/SF
− OpEx
−$11.7K −$6.23/SF
NOI
$27.2K $14.53/SF
Area
Columbia County, OR
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,000
Cap Rate 7%
$388,571
Cap Rate 9%
$302,222
Alternative Uses
Best Use
Multifamily LT 5
$388.6K
$340.0K – $453.3K
NOI $27,200 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$343.4K
$300.5K – $400.6K
NOI $24,036 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$505.3K
$442.1K – $589.5K
NOI $35,371 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 97018, OR
1,956
Population
758
Households
2.6
Avg Household Size
52
Median Age
21%
College-Educated
94%
High-School Grad
0.8 sq mi
ZIP Area
2,445
Density / Sq Mi
$100,912
Median Household Income
$55,721
Median Earnings
$1,467
Median Rent
$441,700
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 separately metered residences have independent heating, hot water, and electrical service.
Where is this duplex located?
The property is located at 1855 5TH ST Columbia City, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,872 SF across two stories; Two units: one 2‑bedroom and one 1‑bedroom; Separate gas furnaces, gas water heaters, electrical panels, and utility meters for each unit
