Upgraded Duplex With Attached
For Sale
$535,500
2412 SW WICKIUP Ave, Redmond, OR 97756
MultiFamily, Redmond, OR
Property Size1,638 SF
Lot Size0.34 Acres
Price / SF$326.92
Days on Market262
Property Features for 2412 SW WICKIUP Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Elementary school
Sage
Middle school
Obsidian
High school
Ridgeview
Directions
SW Canal Blvd
Subdivision
_320
Standard status
Active
APN
124675
Size
1,638 SF
Lot size
0.34 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Brown's Additions Block: PT BLK 4
Tax Annual Amount
3375
Legal Description
Brown's Additions Block: PT BLK 4
Utilities
Heating system
Ductless (Heating)
Amenities
attached garages
storage units
RV parking
A/C
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Roof type
Composition
Buildings
1
Listing Agency:
Windermere Realty Trust · Windermere Real Estate
(503) 284-7755
Listed By:
Jan Stranski, P.C. · License #980700144
(503) 329-7209
Added: Feb 12
Changed: Nov 1
Last Checked: Nov 1 at 5:06PM
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,638 square feet arranged as two approximately 819-square-foot residences. Each side includes two bedrooms, one bathroom, a single-car attached garage, and storage space. The mirrored layouts have received updates including laminate flooring, light fixtures, cedar fencing, electrical improvements, and A/C. Appliances and window treatments are included. Ductless heating and a composition roof serve the property, which was built in 1969.
The 0.34-acre corner lot is zoned R3 and includes separate fenced backyards along with adjacent RV parking. The property is currently occupied, and each residence is configured for practical day-to-day living with its own garage, storage, and outdoor area.
The 0.34-acre corner lot is zoned R3 and includes separate fenced backyards along with adjacent RV parking. The property is currently occupied, and each residence is configured for practical day-to-day living with its own garage, storage, and outdoor area.
Key Highlights
- 1,638‑square‑foot duplex with two approximately 819‑square‑foot units
- Each unit includes 2 bedrooms, 1 bathroom, an attached single‑car garage, and storage
- 0.34‑acre oversized corner lot zoned R3
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer updated interiors, divided fenced yards, 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: 1,638‑square‑foot duplex with two approximately 819‑square‑foot units; Each unit includes 2 bedrooms, 1 bathroom, an attached single‑car garage, and storage; 0.34‑acre oversized corner lot zoned R3
