Park-Adjacent Duplex with
For Sale
$638,000
2211 Jefferson Ct, Albany, OR 97322
Two updated residences offer private outdoor space, included appliances, and direct views toward Sunrise Park.
Property Size2,504 SF
Days on Market221
Property Features for 2211 Jefferson Ct
General Information
Standard status
Active
Size
2,504 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
Forced Air
Electric
Central Air
Disposal
Dishwasher
Electric Water Heater
Refrigerator
Electric Range
Range Included
Patio, Porch, Composition
Building Details
Building Size
2,504 SF
Year Built
2019
Buildings
1
Listing Agency:
PREMIERE PROPERTY GROUP
(541) 730-4830
Listed By:
BRANDON HANSON · License #201206837
(541) 730-4830
Source:
Kw
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 31 at 12:22AM
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 PREMIERE PROPERTY GROUP
Investment Insights
Based on property information with market context.
This duplex contains two well-maintained residences, each with three bedrooms, two-and-a-half bathrooms, a one-car garage, and a fenced backyard with patio space. Interior features include stone countertops, walk-in closets in the primary bedrooms, forced-air heating, central air conditioning, and included kitchen appliances such as a refrigerator, electric range, dishwasher, and disposal.
The property is positioned on a quiet cul-de-sac and backs to Sunrise Park, with views toward the park. RV parking is available for Unit 2211, adding a dedicated storage and parking feature to one side of the duplex. The address is 2211 Jefferson Ct, Albany, OR 97322.
The property is positioned on a quiet cul-de-sac and backs to Sunrise Park, with views toward the park. RV parking is available for Unit 2211, adding a dedicated storage and parking feature to one side of the duplex. The address is 2211 Jefferson Ct, Albany, OR 97322.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2.5 bathrooms per residence
- Built with a one‑car garage for each unit
- Backs to Sunrise Park with park views
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
$23,637
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
3.70%
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%
$472,740
$472.7K
Cap Rate 7%
$337,671
$337.7K
Cap Rate 9%
$262,633
$262.6K
Market Conditions
NOI Build-Up for 2,504 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
$34.6K $13.80/SF
− Vacancy
−$788 −$0.31/SF
EGI
$33.8K $13.49/SF
− OpEx
−$10.1K −$4.05/SF
NOI
$23.6K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /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%
$472,740
Cap Rate 7%
$337,671
Cap Rate 9%
$262,633
Alternative Uses
Best Use
Multifamily LT 5
$337.7K
$295.5K – $394.0K
NOI $23,637 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$311.1K
$272.2K – $362.9K
NOI $21,775 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$729.5K
$638.3K – $851.0K
NOI $51,062 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 97322, OR
37,148
Population
14,867
Households
2.5
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
63.3 sq mi
ZIP Area
587
Density / Sq Mi
$68,536
Median Household Income
$43,530
Median Earnings
$1,335
Median Rent
$321,200
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 updated residences offer private outdoor space, included appliances, and direct views toward Sunrise Park.
Where is this duplex located?
The property is located at 2211 Jefferson Ct Albany, OR.
What is the asking price?
The asking price for this property is $638,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2.5 bathrooms per residence; Built with a one‑car garage for each unit; Backs to Sunrise Park with park views
