Single-Story Duplex with Covered
For Sale
$864,000
253/255 NW Douglas St, Dallas, OR 97338
New construction with custom kitchen finishes, air conditioning, and a double-car garage.
Property Size2,966 SF
Days on Market11
Property Features for 253/255 NW Douglas St
General Information
Standard status
Active
Size
2,966 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,639
Amenities
custom kitchen
granite
stainless steel
LVP flooring
AC
covered deck
fully landscaped
UG sprinkler
Building Details
Building Size
2,966 SF
Year Built
2025
Buildings
1
Stories
1
Listing Agency:
REAL ESTATE 55, INC
(971) 273-3454
Listed By:
JACK BENNETT
(971) 273-3454
Source:
Harcourtselite
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 31 at 12:10AM
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 REAL ESTATE 55, INC
Investment Insights
Based on property information with market context.
Built in 2025, this single-story duplex occupies a private flag lot and offers a combination of residential comfort and durable interior finishes. The property includes large rooms with vaulted ceilings, a custom kitchen with granite surfaces and stainless steel appliances, LVP flooring, and air conditioning. A double-car garage provides on-site parking, while the covered deck extends the usable living area.
Exterior improvements include full landscaping and an underground sprinkler system. The duplex configuration provides two separate living spaces within one property, with the source information describing a 3-bedroom, 2-bath layout. Its newer construction and detailed finish package support both owner occupancy and rental use.
Exterior improvements include full landscaping and an underground sprinkler system. The duplex configuration provides two separate living spaces within one property, with the source information describing a 3-bedroom, 2-bath layout. Its newer construction and detailed finish package support both owner occupancy and rental use.
Key Highlights
- 2025‑built single‑story duplex on a private flag lot
- Custom kitchen with granite and stainless steel finishes
- Large rooms with vaulted ceilings and LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$712,440
$712.4K
Cap Rate 7%
$508,886
$508.9K
Cap Rate 9%
$395,800
$395.8K
Market Conditions
NOI Build-Up for 2,966 SF
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.
Gross rent
$54.5K $18.36/SF
− Vacancy
−$3.6K −$1.20/SF
EGI
$50.9K $17.16/SF
− OpEx
−$15.3K −$5.15/SF
NOI
$35.6K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$712,440
Cap Rate 7%
$508,886
Cap Rate 9%
$395,800
Alternative Uses
Best Use
Multifamily LT 5
$508.9K
$445.3K – $593.7K
NOI $35,622 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$468.6K
$410.1K – $546.8K
NOI $32,805 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$787.5K
$689.1K – $918.8K
NOI $55,125 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New construction with custom kitchen finishes, air conditioning, and a double-car garage.
Where is this duplex located?
The property is located at 253/255 NW Douglas St Dallas, OR.
What is the asking price?
The asking price for this property is $864,000.
What are key features of this property?
This property features: 2025‑built single‑story duplex on a private flag lot; Custom kitchen with granite and stainless steel finishes; Large rooms with vaulted ceilings and LVP flooring
