Townhome-Style
For Sale
$775,000
301 S 1st St. ST, Silverton, OR 97381
Fully leased two-unit property with contemporary interiors, individual garages, and efficient heat-pump systems.
Property Size3,215 SF
Days on Market164
Property Features for 301 S 1st St. ST
General Information
Standard status
Active
Size
3,215 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$6,390
Building Details
Building Size
3,215 SF
Year Built
2022
Listing Agency:
HomeSmart Realty Group
(503) 409-3542
Listed By:
Chris Forrette · License #990400134
(503) 409-3542
Source:
Harcourtselite
Added: Mar 1
Changed: Aug 11
Last Checked: Aug 11 at 12:45PM
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 HomeSmart Realty Group
Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two townhome-style residences with matching layouts. Each unit includes 3 bedrooms, 2.5 baths, and a 1-car garage, providing a defined residential configuration for occupants. Vinyl plank flooring runs throughout the interiors, while electric heat pumps with forced-air delivery provide the heating and cooling systems.
The property is fully leased and located at 301 S 1st St. ST in Silverton, Oregon 97381. Its two-unit format, recent construction, garage parking, and low-maintenance finishes create a straightforward residential income property profile.
The property is fully leased and located at 301 S 1st St. ST in Silverton, Oregon 97381. Its two-unit format, recent construction, garage parking, and low-maintenance finishes create a straightforward residential income property profile.
Key Highlights
- Two‑unit townhome‑style duplex built in 2022
- Each unit includes 3 bedrooms and 2.5 baths
- 1‑car garage provided for each residence
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
$24,467
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
3.16%
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%
$489,340
$489.3K
Cap Rate 7%
$349,529
$349.5K
Cap Rate 9%
$271,856
$271.9K
Market Conditions
NOI Build-Up for 3,215 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
$37.4K $11.64/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$35.0K $10.87/SF
− OpEx
−$10.5K −$3.26/SF
NOI
$24.5K $7.61/SF
Area
Marion County, OR
Vacancy
6.60%
Lease Rate
$11.64 /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%
$489,340
Cap Rate 7%
$349,529
Cap Rate 9%
$271,856
Alternative Uses
Best Use
Multifamily LT 5
$349.5K
$305.8K – $407.8K
NOI $24,467 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$324.8K
$284.2K – $379.0K
NOI $22,738 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$756.1K
$661.6K – $882.1K
NOI $52,928 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 97381, OR
16,313
Population
5,882
Households
2.8
Avg Household Size
40
Median Age
31%
College-Educated
92%
High-School Grad
110.0 sq mi
ZIP Area
148
Density / Sq Mi
$84,077
Median Household Income
$42,337
Median Earnings
$1,491
Median Rent
$497,700
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 - Fully leased two-unit property with contemporary interiors, individual garages, and efficient heat-pump systems.
Where is this duplex located?
The property is located at 301 S 1st St. ST Silverton, OR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑unit townhome‑style duplex built in 2022; Each unit includes 3 bedrooms and 2.5 baths; 1‑car garage provided for each residence
