Duplex with Attached
For Sale
$425,000
297 SE Fairview Street, Prineville, OR 97754
Two occupied residences each have a private driveway and covered rear patio.
Property Size1,956 SF
Price / SF$217.28
Days on Market114
Property Features for 297 SE Fairview Street
General Information
Standard status
Active
Size
1,956 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,287
Amenities
covered back patios
Building Details
Building Size
1,956 SF
Year Built
1977
Tenancy
Multi
Listing Agency:
Cascade Hasson SIR
Listed By:
Rachel D Rhoden · License #200809111
(541) 771-6251
Source:
Brentkrebsrealty
Added: Jul 9
Changed: Oct 29
Last Checked: Oct 26 at 10:32AM
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 Cascade Hasson SIR
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Investment Insights
Based on property information with market context.
This 1,956-square-foot duplex, built in 1977, contains two units: one with two bedrooms and one bathroom, and another with two bedrooms and two bathrooms. The second unit also has a large walk-in closet. Each residence includes a single-car garage, driveway, and covered rear patio.
The property occupies a corner lot in Prineville. Long-term tenants are in place, and an irrigation well supplies the yard’s sprinkler system. Street parking is also available.
The property occupies a corner lot in Prineville. Long-term tenants are in place, and an irrigation well supplies the yard’s sprinkler system. Street parking is also available.
Key Highlights
- Two‑unit duplex with 1,956 square feet
- Built in 1977
- Unit mix: one 2‑bedroom, 1‑bath unit and one 2‑bedroom, 2‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,439
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,780
$548.8K
Cap Rate 7%
$391,986
$392.0K
Cap Rate 9%
$304,878
$304.9K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$42.2K $21.60/SF
− Vacancy
−$3.1K −$1.56/SF
EGI
$39.2K $20.04/SF
− OpEx
−$11.8K −$6.01/SF
NOI
$27.4K $14.03/SF
Area
Crook 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%
$548,780
Cap Rate 7%
$391,986
Cap Rate 9%
$304,878
Alternative Uses
Best Use
Multifamily LT 5
$392.0K
$343.0K – $457.3K
NOI $27,439 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$357.9K
$313.1K – $417.5K
NOI $25,050 @ 7.0% cap · market cap 5.89%
Theoretical Best
Specialty Retail
$845.0K
$739.4K – $985.8K
NOI $59,149 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences each have a private driveway and covered rear patio.
Where is this duplex located?
The property is located at 297 SE Fairview Street Prineville, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,956 square feet; Built in 1977; Unit mix: one 2‑bedroom, 1‑bath unit and one 2‑bedroom, 2‑bath unit
