Two-Unit Duplex with Fenced
2034-2048 SW Fellows Street McMinnville, OR 97128
New
For Sale
Contact for pricing
Built in 1996, this duplex features two mirrored units, attached single-car garages, and a shared fenced backyard.
Property Size2,100 SF
Price / SF$270
Days on Market5
Property Features for 2034-2048 SW Fellows Street
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1996
Listing Agency:
Constant Commercial Real Estate. INC
Listed By:
Cory Carlson · License #OR 201226331
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 7:23AM
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 Constant Commercial Real Estate. INC
Investment Insights
Based on property information with market context.
Built in 1996, this two-unit duplex offers a low-maintenance, owner-friendly layout with two mirror-image residences. The property totals approximately 2,100 SF, with each unit providing about 1,050 SF of living space. Each unit includes 2 bedrooms and 1.5 bathrooms, an open main-level floor plan, and an attached single-car garage. Residents also share a fully fenced backyard with a concrete patio and a stone fire pit.
The property is located in the southwest quadrant of McMinnville and is described as being minutes from Linfield University and downtown McMinnville’s dining and retail corridor. The remarks also cite proximity to Willamette Valley wine country and note ongoing relocation and tourism activity that supports rental demand.
The duplex sits on a concrete perimeter foundation, supporting a straightforward, durable residential income property configuration.
The property is located in the southwest quadrant of McMinnville and is described as being minutes from Linfield University and downtown McMinnville’s dining and retail corridor. The remarks also cite proximity to Willamette Valley wine country and note ongoing relocation and tourism activity that supports rental demand.
The duplex sits on a concrete perimeter foundation, supporting a straightforward, durable residential income property configuration.
Key Highlights
- Duplex built in 1996 with two mirror‑image units totaling approximately 2,100 SF
- Each unit offers 2 bedrooms and 1.5 bathrooms with approximately 1,050 SF of living space
- Attached single‑car garages for both units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.7k | $24.60 |
| − Vacancy | −$2.6k | −$1.25 |
| EGI | $49.0k | $23.35 |
| − OpEx | −$22.1k | −$10.51 |
| NOI | $27.0k | $12.84 |
2,100 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$385.2K
$337.1K – $449.4K
NOI $26,964 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$330.5K
$289.2K – $385.6K
NOI $23,135 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$566.8K
$496.0K – $661.3K
NOI $39,679 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 1996, this duplex features two mirrored units, attached single-car garages, and a shared fenced backyard.
Where is this duplex located?
The property is located at 2034-2048 SW Fellows Street McMinnville, OR.
What is the asking price?
The asking price for this property is $567,000.
What are key features of this property?
This property features: Duplex built in 1996 with two mirror‑image units totaling approximately 2,100 SF; Each unit offers 2 bedrooms and 1.5 bathrooms with approximately 1,050 SF of living space; Attached single‑car garages for both units
