2022-Built Townhome-Style
For Sale
$775,000
301 S 1st St. St, Silverton, OR 97381
Fully leased two-unit property with three-bedroom layouts, modern finishes, and one-car garages.
Property Size3,215 SF
Price / SF$241.06
Days on Market47
Property Features for 301 S 1st St. St
General Information
Standard status
Active
Size
3,215 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Gross Income
$55,200
Building Details
Year Built
2022
Construction
townhome-style
Tenancy
Multi
Listing Agency:
HomeSmart Realty Group
Listed By:
Chris Forrette · License #990400134
(503) 409-3542
Source:
Wyndeekono
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 1 at 8:17AM
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
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Investment Insights
Based on property information with market context.
This townhome-style duplex contains two residential units, each with three bedrooms, two and a half bathrooms, and a one-car garage. Completed in 2022, the property offers contemporary layouts, durable vinyl plank flooring, and electric heat pumps with forced-air delivery. The two residences provide a consistent configuration across the building and are currently fully leased.
Located at 301 S 1st St. in Silverton, Oregon, the property combines recent construction with a low-maintenance design. Its duplex format and matching unit layouts provide a straightforward residential income property configuration, while the modern interior specifications support current tenant occupancy.
Located at 301 S 1st St. in Silverton, Oregon, the property combines recent construction with a low-maintenance design. Its duplex format and matching unit layouts provide a straightforward residential income property configuration, while the modern interior specifications support current tenant occupancy.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2.5 baths per unit
- One‑car garage provided for each unit
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,467
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with three-bedroom layouts, modern finishes, and one-car garages.
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 duplex with 3 bedrooms and 2.5 baths per unit; One‑car garage provided for each unit; Built in 2022
