Large Corner-Lot
For Sale
$680,000
196 Manbrin Dr N, Keizer, OR 97303
Two distinct units support owner-occupant living alongside rental use in a flexible duplex configuration.
Property Size2,740 SF
Lot Size0.25 Acres
Price / SF$248.18
Days on Market54
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Property Features for 196 Manbrin Dr N
General Information
Standard status
Active
Size
2,740 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2021
Listing Agency:
Wholehearted Homes
Listed By:
Guadalupe Duran
(503) 308-8898
Source:
Rosecityrealtygroup
Added: Aug 23
Changed: Oct 7
Last Checked: Oct 7 at 12:54PM
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 Wholehearted Homes
Investment Insights
Based on property information with market context.
This duplex contains 2,740 square feet of living space across two generously sized units. The property was built in 2021 and converted in May 2022, with each residence arranged to provide meaningful separation and privacy. Its configuration supports an owner-occupant who wants to live in one unit while renting the other, as well as buyers seeking a two-unit residential income property.
The building sits on a 0.25-acre corner lot in Keizer, with separate unit frontage contributing to the property’s independent layout. The location offers access to I-5 and is within a short walk of restaurants and businesses.
The building sits on a 0.25-acre corner lot in Keizer, with separate unit frontage contributing to the property’s independent layout. The location offers access to I-5 and is within a short walk of restaurants and businesses.
Key Highlights
- 2,740 square feet of living space across two units
- 0.25‑acre corner lot in Keizer
- Built in 2021 and converted in May 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,852
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,040
$417.0K
Cap Rate 7%
$297,886
$297.9K
Cap Rate 9%
$231,689
$231.7K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$31.9K $11.64/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$29.8K $10.87/SF
− OpEx
−$8.9K −$3.26/SF
NOI
$20.9K $7.61/SF
Area
Marion County, OR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,040
Cap Rate 7%
$297,886
Cap Rate 9%
$231,689
Alternative Uses
Best Use
Multifamily LT 5
$297.9K
$260.7K – $347.5K
NOI $20,852 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$276.8K
$242.2K – $323.0K
NOI $19,379 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
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Business Placement
Demographics for 97303, OR
41,441
Population
15,740
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
24.9 sq mi
ZIP Area
1,664
Density / Sq Mi
$81,057
Median Household Income
$45,034
Median Earnings
$1,361
Median Rent
$396,700
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 distinct units support owner-occupant living alongside rental use in a flexible duplex configuration.
Where is this duplex located?
The property is located at 196 Manbrin Dr N Keizer, OR.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2,740 square feet of living space across two units; 0.25‑acre corner lot in Keizer; Built in 2021 and converted in May 2022
