2-Unit
251 SE GRAPE Ave, Winston, OR 97496
For Sale
New
$250,000
MultiFamily, Winston, OR
Property Size1,608 SF
Lot Size0.21 Acres
Price / SF$155.47
Days on Market3
Property Features for 251 SE GRAPE Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
storage shed
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Keller Williams Southern Oregon-Umpqua Valley · Keller Williams Realty
(541) 529-2320
Listed By:
Mary Gilbert · License #951100030
(541) 236-2615
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:06PM
MLS# 578703351
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.
Built in 1978, this single-level duplex contains two residences, each with two bedrooms, one bathroom, and approximately 804 square feet. One unit features an open living and kitchen area, wood-look flooring, ample cabinetry, and a laundry area with shelving. A bedroom slider leads to a raised deck facing the backyard. The property also has mature trees, a storage shed, covered carport parking, and a long driveway with additional off-street parking.
The property is in Winston, near shopping, dining, schools, local parks, Wildlife Safari, and recreation in the Umpqua Valley. Zoning is R1.
The property is in Winston, near shopping, dining, schools, local parks, Wildlife Safari, and recreation in the Umpqua Valley. Zoning is R1.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units, each approximately 804 square feet
- 0.21‑acre lot; built in 1978
- Raised deck, backyard, mature trees, and storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,246
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,920
$164.9K
Cap Rate 7%
$117,800
$117.8K
Cap Rate 9%
$91,622
$91.6K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$12.7K $7.92/SF
− Vacancy
−$955 −$0.59/SF
EGI
$11.8K $7.33/SF
− OpEx
−$3.5K −$2.20/SF
NOI
$8.2K $5.13/SF
Area
Douglas County, OR
Vacancy
7.50%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,920
Cap Rate 7%
$117,800
Cap Rate 9%
$91,622
Alternative Uses
Best Use
Multifamily LT 5
$117.8K
$103.1K – $137.4K
NOI $8,246 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$110.6K
$96.8K – $129.0K
NOI $7,740 @ 7.0% cap · market cap 3.10%
Theoretical Best
Specialty Retail
$278.3K
$243.5K – $324.7K
NOI $19,482 @ 7.0% cap · market cap 7.79%
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
238
Businesses Nearby
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Business Placement
Demographics for 97496, OR
7,875
Population
3,510
Households
2.2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
88.1 sq mi
ZIP Area
89
Density / Sq Mi
$55,776
Median Household Income
$31,805
Median Earnings
$1,029
Median Rent
$236,700
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 separate residences with an established rental history occupy a 0.21-acre parcel.
Where is this duplex located?
The property is located at 251 SE GRAPE Ave Winston, OR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units, each approximately 804 square feet; 0.21‑acre lot; built in 1978; Raised deck, backyard, mature trees, and storage shed
