Upgraded Duplex with
For Sale
$535,500
2412 SW Wickiup Ave, Redmond, OR 97756
Two mirrored units offer two bedrooms, one bath, and included appliances.
Property Size1,638 SF
Price / SF$326.92
Days on Market63
Property Features for 2412 SW Wickiup Ave
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
attached garages
storage units
RV parking
fenced backyards
air conditioning
window treatments
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Windermere Realty Trust
Listed By:
Jan Stranski, P.C. · License #980700144
(503) 329-7209
Source:
Wyndeekono
Added: Aug 13
Changed: Oct 5
Last Checked: Oct 7 at 2:31PM
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 1,638-square-foot duplex at 2412 SW Wickiup Ave includes two matching residences, each with approximately 819 square feet, two bedrooms, and one bathroom. Both units feature attached single-car garages, separate storage areas, divided backyards, and adjacent RV parking. Appliances and window treatments are included.
Recent property improvements include laminate flooring, updated light fixtures, cedar fencing, electrical work, and A/C upgrades. The duplex was built in 1969 and is currently occupied. Positioned on an oversized corner lot, the property also includes a buildable area subject to buyer due diligence.
Recent property improvements include laminate flooring, updated light fixtures, cedar fencing, electrical work, and A/C upgrades. The duplex was built in 1969 and is currently occupied. Positioned on an oversized corner lot, the property also includes a buildable area subject to buyer due diligence.
Key Highlights
- Two‑unit duplex with 1,638 square feet total
- Each unit has approximately 819 square feet, 2 bedrooms, and 1 bath
- Attached single‑car garages plus storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,978
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,560
$459.6K
Cap Rate 7%
$328,257
$328.3K
Cap Rate 9%
$255,311
$255.3K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$35.4K $21.60/SF
− Vacancy
−$2.6K −$1.56/SF
EGI
$32.8K $20.04/SF
− OpEx
−$9.8K −$6.01/SF
NOI
$23.0K $14.03/SF
Area
Deschutes County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,560
Cap Rate 7%
$328,257
Cap Rate 9%
$255,311
Alternative Uses
Best Use
Multifamily LT 5
$328.3K
$287.2K – $383.0K
NOI $22,978 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$299.7K
$262.2K – $349.6K
NOI $20,977 @ 7.0% cap · market cap 3.92%
Theoretical Best
Retail
$563.7K
$493.3K – $657.7K
NOI $39,461 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 97756, OR
42,168
Population
18,335
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
92%
High-School Grad
126.3 sq mi
ZIP Area
334
Density / Sq Mi
$84,067
Median Household Income
$41,909
Median Earnings
$1,473
Median Rent
$469,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 units offer two bedrooms, one bath, and included appliances.
Where is this duplex located?
The property is located at 2412 SW Wickiup Ave Redmond, OR.
What is the asking price?
The asking price for this property is $535,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,638 square feet total; Each unit has approximately 819 square feet, 2 bedrooms, and 1 bath; Attached single‑car garages plus storage units
