Duplex with Updated
2716 -2718 Sw Umatilla Avenue, Redmond, OR 97756
For Sale
$519,950
Two rental units sit on a 0.20-acre parcel in southwest Redmond, with R3 zoning and tenants in place.
Property Size1,936 SF
Lot Size0.20 Acres
Price / SF$268.57
Days on Market11
Property Features for 2716 -2718 Sw Umatilla Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Vinyl
true
1 Common Wall
Vinyl Frames
Fiberglass Stall Shower,Laminate Counters,Open Floorplan,Shower/Tub Combo
false
Corner Lot,Fenced,Landscaped,Sprinklers In Front
Public
0.2
Attached,Driveway,On Street
Paved
Stemwall
Private Access
1936
Building Details
Building Size
Year Built
Listing Agency:
Duke Warner Realty ERA Powered
(541) 475-3030
Listed By:
Julia Randall
Source:
Dreamsrealtygrp
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:49PM
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 Duke Warner Realty ERA Powered
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Investment Insights
Based on property information with market context.
This duplex in southwest Redmond contains 1,936 square feet and was built in 1995. Improvements include a replacement roof and luxury vinyl plank flooring. Interior features include carpet, vinyl finishes, laminate counters, and a combination shower and tub. The property is zoned R3 and currently has tenants in place.
The 0.20-acre parcel is fenced and landscaped, with front sprinklers. Parking options include an attached area, driveway, and on-street spaces. Shopping, schools, parks, and commuter routes are identified in the surrounding area.
The 0.20-acre parcel is fenced and landscaped, with front sprinklers. Parking options include an attached area, driveway, and on-street spaces. Shopping, schools, parks, and commuter routes are identified in the surrounding area.
Key Highlights
- Duplex built in 1995 with 1,936 square feet
- 0.20‑acre parcel with R3 zoning
- Replacement roof and updated luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,159
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,180
$543.2K
Cap Rate 7%
$387,986
$388.0K
Cap Rate 9%
$301,767
$301.8K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$41.8K $21.60/SF
− Vacancy
−$3.0K −$1.56/SF
EGI
$38.8K $20.04/SF
− OpEx
−$11.6K −$6.01/SF
NOI
$27.2K $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%
$543,180
Cap Rate 7%
$387,986
Cap Rate 9%
$301,767
Alternative Uses
Best Use
Multifamily LT 5
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$354.2K
$309.9K – $413.2K
NOI $24,794 @ 7.0% cap · market cap 4.77%
Theoretical Best
Retail
$666.3K
$583.0K – $777.4K
NOI $46,641 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
225
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
$469,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Deschutes County, OR
Properties on Market for Duplexes in Deschutes County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units sit on a 0.20-acre parcel in southwest Redmond, with R3 zoning and tenants in place.
Where is this duplex located?
The property is located at 2716 -2718 Sw Umatilla Avenue Redmond, OR.
What is the asking price?
The asking price for this property is $519,950.
What are key features of this property?
This property features: Duplex built in 1995 with 1,936 square feet; 0.20‑acre parcel with R3 zoning; Replacement roof and updated luxury vinyl plank flooring
