Two-Unit Duplex with
25122 Cheney Drive Veneta, OR 97487
25122 Cheney Drive, Veneta, OR, 97487
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For Sale
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Duplex with two 2-bedroom, 1.5-bath units, each featuring a single-car garage and fenced yard areas.
Property Size1,812 SF
Price / SF$295.25
Days on Market99
Property Features for 25122 Cheney Drive
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing agency
Coldwell Banker Professional Group
(503) 538-0468
Listed by
Mary O'Connor · License #921200130
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 1:03PM Checked: Jul 21 at 1:03PM
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 Coldwell Banker Professional Group
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two 2-bedroom, 1.5-bath units. Each unit has 906 square feet and its own single-car garage. Both sides offer fully fenced yard space, creating private outdoor areas for occupants.
The exterior has been recently painted. One unit has been refreshed with new carpet and interior paint and is move-in ready. The other unit is currently rented month-to-month, providing ongoing income with flexibility.
The property is well suited for an owner-occupant seeking one side for personal use while renting the other, or for an investor looking to add a duplex with a mix of move-in-ready and current rental occupancy.
The exterior has been recently painted. One unit has been refreshed with new carpet and interior paint and is move-in ready. The other unit is currently rented month-to-month, providing ongoing income with flexibility.
The property is well suited for an owner-occupant seeking one side for personal use while renting the other, or for an investor looking to add a duplex with a mix of move-in-ready and current rental occupancy.
Key Highlights
- 1979‑built duplex with two 2‑bedroom, 1.5‑bath units
- Each unit offers 906 sq ft of living space and its own single‑car garage
- Fully fenced yard areas for both 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 | $27.2k | $15.00 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $25.4k | $14.03 |
| − OpEx | −$7.6k | −$4.21 |
| NOI | $17.8k | $9.82 |
1,812 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.4K – $296.5K
NOI $17,789 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$458.4K
$401.1K – $534.8K
NOI $32,089 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1.5-bath units, each featuring a single-car garage and fenced yard areas.
Where is this duplex located?
The property is located at 25122 Cheney Drive Veneta, OR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1979‑built duplex with two 2‑bedroom, 1.5‑bath units; Each unit offers 906 sq ft of living space and its own single‑car garage; Fully fenced yard areas for both units
