Three-Unit Residential Income
New
For Sale
$420,000
187 SE CONYERS St, Clatskanie, OR 97016
MultiFamily, Clatskanie, OR
Property Size1,600 SF
Lot Size0.11 Acres
Price / SF$262.50
Days on Market2
Property Features for 187 SE CONYERS St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF2.5
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2
Elementary school
Clatskanie
Middle school
Clatskanie
High school
Clatskanie
Directions
Hwy 30 to SE Conyers, Turn South, On left corner
Subdivision
_155
Standard status
Active
APN
26149
Size
1,600 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
7N4W09-DC-01000
Tax Annual Amount
2144
Legal Description
7N4W09-DC-01000
Utilities
Heating system
Zoned, Baseboard
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Ark Real Estate
(503) 728-0161
Listed By:
Rhonda Holmsten
(503) 866-1276
Added: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 297130972
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.
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Investment Insights
Based on property information with market context.
This three-unit residential property comprises a duplex and a single-room unit on the basement level. Unit A is vacant and has two bedrooms, one bathroom, and included appliances. Unit B includes appliances and expansive decks. The basement-level Unit C is a single-room unit with a yard setting. The property contains 1,600 square feet on a 0.11-acre lot and was built in 1920. Zoned MF2.5, it has baseboard heating and a composition roof.
Located within Clatskanie city limits, the property has street parking and one driveway space. Its setting provides access to town.
Located within Clatskanie city limits, the property has street parking and one driveway space. Its setting provides access to town.
Key Highlights
- Three total units: duplex plus a basement‑level single‑room unit
- Unit A is vacant; includes 2 bedrooms, 1 bathroom, and appliances
- Unit B includes appliances and expansive decks
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.
How Realmo checks its estimates
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Lease Details
3
Residential units
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 - Three separate units include a vacant two-bedroom apartment and a basement-level single-room unit.
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 total units: duplex plus a basement‑level single‑room unit; Unit A is vacant; includes 2 bedrooms, 1 bathroom, and appliances; Unit B includes appliances and expansive decks
