Two-Home Duplex
For Sale
Contact for pricing
21632 Vaughn Rd, Veneta, OR 97487
Two residences share one parcel with separate septic systems and a shared well.
Property Size2,007 SF
Lot Size0.72 Acres
Price / SF$221.72
Days on Market147
Property Features for 21632 Vaughn Rd
General Information
Standard status
Active
Size
2,007 SF
Class
B
Lot size
0.72 Acres
Property subtype
Multifamily
Zoning
RR5
Investment Type
Value Add
Net Operating Income
$29,475
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1964
Year Renovated
2026
Buildings
2
Tenancy
Multi
Listing Agency:
Brad Anderson Real Estate Inc
(541) 912-6689
Listed By:
Brad Anderson · License #OR 800604014
Source:
Crexi
Added: Apr 9
Changed: Aug 30
Last Checked: Sep 1 at 9:08PM
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 Brad Anderson Real Estate Inc
Investment Insights
Based on property information with market context.
This duplex property includes two separate homes on a single 0.72-acre parcel. The larger residence offers 3 bedrooms, 1.5 bathrooms, 1,267 square feet, a 2-car garage, patio, garden boxes, and yard space. The second home provides 2 bedrooms, 1 bathroom, and 740 square feet. Both residences are served by a shared well, while each has its own septic system. The property was built in 1964 and carries RR5 zoning.
Key Highlights
- Two homes situated on one 0.72‑acre parcel
- 3‑bedroom, 1.5‑bath home with 1,267sf and a 2‑car garage
- Second residence includes 2 bedrooms, 1 bathroom, and 740sf
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,704
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,080
$394.1K
Cap Rate 7%
$281,486
$281.5K
Cap Rate 9%
$218,933
$218.9K
Market Conditions
NOI Build-Up for 2,007 SF
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.
Gross rent
$30.1K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.1K $14.03/SF
− OpEx
−$8.4K −$4.21/SF
NOI
$19.7K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,080
Cap Rate 7%
$281,486
Cap Rate 9%
$218,933
Alternative Uses
Best Use
Multifamily LT 5
$281.5K
$246.3K – $328.4K
NOI $19,704 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,343 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$507.7K
$444.3K – $592.4K
NOI $35,542 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 97487, OR
9,286
Population
4,038
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
93%
High-School Grad
72.8 sq mi
ZIP Area
128
Density / Sq Mi
$64,973
Median Household Income
$43,030
Median Earnings
$1,412
Median Rent
$334,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences share one parcel with separate septic systems and a shared well.
Where is this duplex located?
The property is located at 21632 Vaughn Rd Veneta, OR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two homes situated on one 0.72‑acre parcel; 3‑bedroom, 1.5‑bath home with 1,267sf and a 2‑car garage; Second residence includes 2 bedrooms, 1 bathroom, and 740sf
