Two-Unit Residential Income
For Sale
$525,000
209 SE Stone -211 Ln, Dallas, OR 97338
Multi Family, Dallas, OR
Property Size2,006 SF
Lot Size0.20 Acres
Price / SF$261.71
Days on Market134
Property Features for 209 SE Stone -211 Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Patio and Porch features
Patio
Subdivision
Darrens Subdivision
Lot features
Cul-de-sac, Lot: 7
View
Territorial
Elementary school
Lyle
Middle school
LaCreole
High school
Dallas
Standard status
Active
APN
484860
Size
2,006 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3780
Utilities
Heating system
Ductless (Heating)
Building Details
Year built
1994
Number of units
2
Flooring type
Carpet, Vinyl
Roof type
Composition
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
KRISTIN SPARKMAN
(503) 910-6305
Added: Jun 5
Changed: Sep 19
Last Checked: Oct 16 at 6:06AM
MLS# 842760
Copyright © 2026 Willamette Valley Multiple Listing Service. 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 1994 duplex contains 2,006 square feet across two residential units on a 0.20-acre lot. Each side includes two bedrooms and two full bathrooms, with a primary bedroom that has its own attached bath. Interior finishes include vinyl and carpet flooring, while ductless heating serves the property. Both units also feature a patio, and the building has a composition roof.
The property is positioned at the end of a low-traffic cul-de-sac at 209 SE Stone -211 Ln in Dallas, Oregon. Its two-unit configuration supports separate residential occupancy, with matching bedroom and bathroom counts on each side. The layout provides a straightforward residential income property format with outdoor patio space and established improvements dating to 1994.
The property is positioned at the end of a low-traffic cul-de-sac at 209 SE Stone -211 Ln in Dallas, Oregon. Its two-unit configuration supports separate residential occupancy, with matching bedroom and bathroom counts on each side. The layout provides a straightforward residential income property format with outdoor patio space and established improvements dating to 1994.
Key Highlights
- Two‑unit duplex with 2,006 square feet of property size
- Each unit has 2 bedrooms and 2 full bathrooms
- Primary bedroom in each unit includes an attached private bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,092
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,840
$481.8K
Cap Rate 7%
$344,171
$344.2K
Cap Rate 9%
$267,689
$267.7K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$36.8K $18.36/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$34.4K $17.16/SF
− OpEx
−$10.3K −$5.15/SF
NOI
$24.1K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,840
Cap Rate 7%
$344,171
Cap Rate 9%
$267,689
Alternative Uses
Best Use
Multifamily LT 5
$344.2K
$301.2K – $401.5K
NOI $24,092 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$532.6K
$466.0K – $621.4K
NOI $37,283 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
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Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
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 - Each residence offers two bedrooms, two full bathrooms, and a private primary suite bath.
Where is this duplex located?
The property is located at 209 SE Stone -211 Ln Dallas, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,006 square feet of property size; Each unit has 2 bedrooms and 2 full bathrooms; Primary bedroom in each unit includes an attached private bath
