Side-by-Side
22077 SW Chesapeake Pl., Sherwood, OR 97140
For Sale
$825,000
Residential Income, Sherwood, OR
Property Size2,886 SF
Price / SF$285.86
Days on Market51
Property Features for 22077 SW Chesapeake Pl.
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Subdivision
High school district
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Water source
Amenities
fenced yard
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Lovejoy Real Estate
Listed By:
Jennifer Turner · License OR SA674368000
(503) 501-2490
Added: Sep 21
Changed: Oct 31
Last Checked: Nov 10 at 10:06AM
MLS# 11982145
Copyright © 2026 My State MLS. 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 1995 wood-sided duplex at 22077 SW Chesapeake Pl. contains 2,886 square feet arranged as two 1,443-square-foot residences. Each side includes three bedrooms, 2.5 bathrooms, a living room, a family room, an attached garage, and a fenced yard. The units are designed for independent operation, while shared utilities serve the property. A deck provides additional exterior space, and the building sits on a level cul-de-sac lot.
Recent capital improvements include a roof replacement in 2017 and updated windows, water heaters, furnaces, and A/C systems on both sides in 2016. Public water serves the property. Located in Sherwood, Oregon, the duplex offers a paired residential configuration suitable for occupying one unit and leasing the other or operating both as income-producing residences.
Recent capital improvements include a roof replacement in 2017 and updated windows, water heaters, furnaces, and A/C systems on both sides in 2016. Public water serves the property. Located in Sherwood, Oregon, the duplex offers a paired residential configuration suitable for occupying one unit and leasing the other or operating both as income-producing residences.
Key Highlights
- 2,886‑square‑foot duplex with two 1,443‑square‑foot units
- Each residence has 3 bedrooms and 2.5 bathrooms
- Mirrored units include living rooms, family rooms, attached garages, and fenced yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,056
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
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
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 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.
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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
$618,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Washington County, OR
Properties on Market for Duplexes in Washington County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained residences offer mirrored layouts, attached garages, fenced yards, and separate living and family rooms.
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: 2,886‑square‑foot duplex with two 1,443‑square‑foot units; Each residence has 3 bedrooms and 2.5 bathrooms; Mirrored units include living rooms, family rooms, attached garages, and fenced yards
