Upgraded Duplex with Attached
2412 SW WICKIUP Ave Redmond, OR 97756
For Sale
$565,000
MULTI_FAMILY - Redmond, OR
Property Size1,638 SF
Lot Size0.34 Acres
Price / SF$344.93
Days on Market168
Property Features for 2412 SW WICKIUP Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3
Standard status
Active
APN
124675
Size
1,638 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
Brown's Additions Block: PT BLK 4
Tax Annual Amount
3375
Utilities
Heating system
Ductless (Heating)
Building Details
Year built
1969
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
Windermere Realty Trust
(503) 284-7755
Listed By:
Jan Stranski, P.C.
(503) 329-7209
Added: Feb 12
Changed: Jul 29
Last Checked: Jul 30 at 4:06AM
MLS# 234089645
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 2412 SW WICKIUP Ave features two mirror-image floorplans, each with approximately 2 bedrooms and 1 bathroom. The property is occupied and includes recent upgrades and ongoing tenant occupancy. Each unit has its own attached single-car garage and storage, and there is additional adjacent RV parking. Backyards are separated with new fencing. Appliances and window treatments are included, supporting a straightforward move-in experience for future occupants as well.
The duplex sits on an oversized corner lot, and the buyer should conduct their own due diligence regarding buildability. The home has been improved with updates that include laminate flooring, light fixtures, cedar fencing, electrical work, and air conditioning.
For buyers seeking a well-maintained residential income property, this configuration offers two self-contained units with comparable layouts and shared-site amenities like garage and storage. The included appliances and window treatments can help reduce immediate turnover costs, while the combination of attached garages and RV parking adds practical off-street utility for tenants. With upgrades already in place and both sides being similarly configured, the property may also appeal to owner-operators looking for a manageable duplex setup.
The duplex sits on an oversized corner lot, and the buyer should conduct their own due diligence regarding buildability. The home has been improved with updates that include laminate flooring, light fixtures, cedar fencing, electrical work, and air conditioning.
For buyers seeking a well-maintained residential income property, this configuration offers two self-contained units with comparable layouts and shared-site amenities like garage and storage. The included appliances and window treatments can help reduce immediate turnover costs, while the combination of attached garages and RV parking adds practical off-street utility for tenants. With upgrades already in place and both sides being similarly configured, the property may also appeal to owner-operators looking for a manageable duplex setup.
Key Highlights
- Duplex built in 1969 with mirror‑image layouts—each side has 2 bedrooms and 1 bath.
- Each unit is approximately 819 SF, providing a total of two occupied units.
- Recent upgrades include laminate flooring, light fixtures, cedar fencing, electrical updates, and A/C.
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 4.07%
Second Best
Apartment 5plus
$299.7K
$262.2K – $349.6K
NOI $20,977 @ 7.0% cap · market cap 3.71%
Theoretical Best
Retail
$563.7K
$493.3K – $657.7K
NOI $39,461 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two mirror-image units with 2 bedrooms and 1 bath, attached single-car garages, storage, and RV parking.
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 $565,000.
What are key features of this property?
This property features: Duplex built in 1969 with mirror‑image layouts—each side has 2 bedrooms and 1 bath.; Each unit is approximately 819 SF, providing a total of two occupied units.; Recent upgrades include laminate flooring, light fixtures, cedar fencing, electrical updates, and A/C.
