2022 Townhome-Style
For Sale
$775,000
301 S 1st St., Silverton, OR 97381
MultiFamily, Silverton, OR
Property Size3,215 SF
Lot Size0.17 Acres
Price / SF$241.06
Days on Market209
Property Features for 301 S 1st St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 6, Bathroom 3, Bathroom 6, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 4
Elementary school
Mark Twain
Middle school
Silverton
High school
Silverton
Directions
1st St S to Drake
Subdivision
_170
Standard status
Active
APN
102056
Size
3,215 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
DRAKES ADD SILVERTON LOT 1 BLK 2
Tax Annual Amount
6390
Legal Description
DRAKES ADD SILVERTON LOT 1 BLK 2
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
2022
Number of units
2
Roof type
Composition
Listing Agency:
HomeSmart Realty Group · HomeSmart International
(971) 599-5865
Listed By:
Chris Forrette · License #990400134
(503) 409-3542
Added: Mar 1
Changed: Sep 17
Last Checked: Sep 26 at 8:06AM
MLS# 169848985
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this townhome-style duplex contains 3,215 square feet across two residential units. Each unit includes 3 bedrooms, 2.5 baths, a 1-car garage, durable vinyl plank flooring, and a modern layout. Forced-air heating is provided by electric heat pumps, with central air conditioning and composition roofing serving the property. The low-maintenance construction supports the asset’s current residential income use.
The property occupies 0.17 acres in Silverton, Oregon, and is zoned R5. Both units are fully leased, with total gross scheduled income of $55,200 annually. The address is 301 S 1st St., Silverton, OR 97381.
The property occupies 0.17 acres in Silverton, Oregon, and is zoned R5. Both units are fully leased, with total gross scheduled income of $55,200 annually. The address is 301 S 1st St., Silverton, OR 97381.
Key Highlights
- Two‑unit townhome‑style duplex built in 2022
- Each unit includes 3 bedrooms, 2.5 baths, and a 1‑car garage
- 3,215 square feet on a 0.17‑acre lot
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
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with modern layouts, private garages, and low-maintenance construction.
Where is this duplex located?
The property is located at 301 S 1st 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, 2.5 baths, and a 1‑car garage; 3,215 square feet on a 0.17‑acre lot
