Updated Side-by-Side
New
For Sale
$825,000
22077 SW Chesapeake PL, Sherwood, OR 97140
Two mirrored residences offer flexible ownership options with private garages, fenced yards, and refreshed major systems.
Property Size2,886 SF
Price / SF$285.86
Days on Market5
Property Features for 22077 SW Chesapeake PL
General Information
Standard status
Active
Size
2,886 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
1995
Buildings
1
Listing Agency:
I5 Real Estate
Listed By:
The Amanda Hoff Group
(360) 521-3789
Source:
Theamandahoffgroup
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 9:45AM
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 I5 Real Estate
Investment Insights
Based on property information with market context.
Built in 1995, this side-by-side duplex contains two mirrored three-bedroom, two-and-a-half-bath units. Each residence includes a living room, family room, attached garage, and fenced yard, creating clearly defined spaces on both sides of the property. The layout supports separate day-to-day living arrangements, while shared utilities simplify ownership and management.
The property occupies a level lot on a cul-de-sac in Sherwood's Chesapeake Park neighborhood. Each side measures 1,443 square feet, for a total property size of 2,886 square feet. Capital improvements include a roof replacement completed in 2017 and updated windows, water heaters, furnace, and A/C on both sides in 2016. The address is 22077 SW Chesapeake PL, Sherwood, OR 97140.
The property occupies a level lot on a cul-de-sac in Sherwood's Chesapeake Park neighborhood. Each side measures 1,443 square feet, for a total property size of 2,886 square feet. Capital improvements include a roof replacement completed in 2017 and updated windows, water heaters, furnace, and A/C on both sides in 2016. The address is 22077 SW Chesapeake PL, Sherwood, OR 97140.
Key Highlights
- Two‑unit duplex with mirrored 3‑bedroom, 2.5‑bath residences
- Each side measures 1,443 square feet; total property size is 2,886 square feet
- Living room, family room, attached garage, and fenced yard on each side
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
$37,056
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
4.49%
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%
$741,120
$741.1K
Cap Rate 7%
$529,371
$529.4K
Cap Rate 9%
$411,733
$411.7K
Market Conditions
NOI Build-Up for 2,886 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
$71.0K $24.60/SF
− Vacancy
−$3.6K −$1.25/SF
EGI
$67.4K $23.35/SF
− OpEx
−$30.3K −$10.51/SF
NOI
$37.1K $12.84/SF
Area
Washington County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
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%
$741,120
Cap Rate 7%
$529,371
Cap Rate 9%
$411,733
Alternative Uses
Best Use
Apartment 5plus
$529.4K
$463.2K – $617.6K
NOI $37,056 @ 7.0% cap · market cap 4.49%
Second Best
Multifamily LT 5
$506.2K
$443.0K – $590.6K
NOI $35,436 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$779.0K
$681.6K – $908.8K
NOI $54,530 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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Business Placement
Demographics for 97140, OR
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences offer flexible ownership options with private garages, fenced yards, and refreshed major systems.
Where is this duplex located?
The property is located at 22077 SW Chesapeake PL Sherwood, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑unit duplex with mirrored 3‑bedroom, 2.5‑bath residences; Each side measures 1,443 square feet; total property size is 2,886 square feet; Living room, family room, attached garage, and fenced yard on each side
