3-Unit Triplex with Basement
New
For Sale
$420,000
187 SE CONYERS ST, Clatskanie, OR 97016
The unit mix includes a two-bedroom apartment and a basement-level SRO.
Property Size1,600 SF
Days on Market7
Property Features for 187 SE CONYERS ST
General Information
Standard status
Active
Size
1,600 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$2,144
Building Details
Building Size
1,600 SF
Year Built
1920
Listing Agency:
Ark Real Estate
Listed By:
Rhonda Holmsten · License #950600245
(503) 866-1276
Source:
Currangrouprealtors
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:01PM
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 Ark Real Estate
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Investment Insights
Based on property information with market context.
This triplex contains three units, including a two-bedroom, one-bath apartment and a single-room-occupancy unit on the basement level. Appliances are included in Units A and B. Unit B also features expansive decks, while the basement unit has a yard setting.
Situated within city limits, the property offers access to town and includes one driveway parking space, with additional on-street parking. The building dates to 1920.
Situated within city limits, the property offers access to town and includes one driveway parking space, with additional on-street parking. The building dates to 1920.
Key Highlights
- Three residential units, including a basement‑level SRO
- Unit A has 2 bedrooms and one bath
- Appliances included in Units A and B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,330
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,600
$466.6K
Cap Rate 7%
$333,286
$333.3K
Cap Rate 9%
$259,222
$259.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$35.5K $22.20/SF
− Vacancy
−$2.2K −$1.37/SF
EGI
$33.3K $20.83/SF
− OpEx
−$10.0K −$6.25/SF
NOI
$23.3K $14.58/SF
Area
Columbia County, OR
Vacancy
6.17%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,600
Cap Rate 7%
$333,286
Cap Rate 9%
$259,222
Alternative Uses
Best Use
Multifamily LT 5
$333.3K
$291.6K – $388.8K
NOI $23,330 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$293.5K
$256.8K – $342.4K
NOI $20,544 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$431.9K
$377.9K – $503.9K
NOI $30,232 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
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Business Placement
Demographics for 97016, OR
6,162
Population
3,115
Households
2
Avg Household Size
47
Median Age
14%
College-Educated
89%
High-School Grad
230.0 sq mi
ZIP Area
27
Density / Sq Mi
$67,500
Median Household Income
$45,393
Median Earnings
$887
Median Rent
$296,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The unit mix includes a two-bedroom apartment and a basement-level SRO.
Where is this triplex located?
The property is located at 187 SE CONYERS ST Clatskanie, OR.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Three residential units, including a basement‑level SRO; Unit A has 2 bedrooms and one bath; Appliances included in Units A and B
