Upgraded Duplex with RV
2412 Southwest Wickiup Avenue Redmond, OR 97756
2412 Southwest Wickiup Avenue, Redmond, OR, 97756
$605,000
For Sale
$605,000
Upgraded occupied duplex offers two 2-bedroom, 1-bath units with attached single-car garages, storage, and adjacent RV parking.
Property Size1,638 SF
Price / SF$369.35
Days on Market160
Property Features for 2412 Southwest Wickiup Avenue
General Information
- Standard status
- Active
- Size
- 1,638 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1969
Listing agency
Windermere Realty Trust
(503) 284-7755
Listed by
Jan Stranski, P.C.
(503) 284-7755
Source
Compass
Added: Feb 12 Updated: Jul 22 at 11:46AM Checked: Jul 22 at 11:46AM
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 Windermere Realty Trust
Investment Insights
Based on property information with market context.
This upgraded duplex features two mirror-image units, each with approximately 819 square feet and a layout of 2 bedrooms and 1 bathroom. Both sides include tenant-pleasing attached single-car garages and storage units, along with additional adjacent RV parking. Backyards are separated by new fencing, and the property includes all appliances and window treatments.
Recent improvements include laminate flooring, updated light fixtures, cedar fencing, and electrical work, among other upgrades. The duplex is currently occupied.
Set on an oversized corner lot that is described as buildable, the property offers an additional option for future development, subject to buyer due diligence.
Recent improvements include laminate flooring, updated light fixtures, cedar fencing, and electrical work, among other upgrades. The duplex is currently occupied.
Set on an oversized corner lot that is described as buildable, the property offers an additional option for future development, subject to buyer due diligence.
Key Highlights
- Upgraded, occupied duplex built in 1969 featuring two mirror‑image units
- Each unit offers approx. 819 SF with 2 bedrooms and 1 bath
- Tenant‑pleasing attached single‑car garages for each unit, plus storage units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $21.60 |
| − Vacancy | −$2.6k | −$1.56 |
| EGI | $32.8k | $20.04 |
| − OpEx | −$9.8k | −$6.01 |
| NOI | $23.0k | $14.03 |
1,638 SF · lease $21.60/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.3K
$287.2K – $383.0K
NOI $22,978 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$299.7K
$262.2K – $349.6K
NOI $20,977 @ 7.0% cap · market cap 3.47%
Theoretical Best
Retail
$563.7K
$493.3K – $657.7K
NOI $39,461 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Upgraded occupied duplex offers two 2-bedroom, 1-bath units with attached single-car garages, storage, and adjacent RV parking.
Where is this duplex located?
The property is located at 2412 Southwest Wickiup Avenue Redmond, OR.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Upgraded, occupied duplex built in 1969 featuring two mirror‑image units; Each unit offers approx. 819 SF with 2 bedrooms and 1 bath; Tenant‑pleasing attached single‑car garages for each unit, plus storage units
