Duplex with Detached
For Sale
Contact for pricing
333 SE Fir Villa Rd, Dallas, OR 97338
Two separate living areas feature private access, dedicated outdoor space, and contemporary finishes.
Property Size2,100 SF
Price / SF$267.87
Days on Market57
Property Features for 333 SE Fir Villa Rd
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multifamily
Investment Type
Stabilized
Net Operating Income
$33,848
Units
Unit Mix
1 x 3BR/2BA, 1 x studio
Multifamily Units
2
Additional Details
Cap Rate
6%
Amenities
stainless steel appliances
fenced and landscaped yards
private yard
separate laundry
Building Details
Year Built
2024
Buildings
2
Units
2
Tenancy
Multi
Listing Agency:
Premiere Property Group, LLC
Listed By:
Cameron James · License #201257847
Source:
Crexi
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 1:50AM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
Built in 2024, this duplex property combines a detached 3-bedroom, 2-bath residence with a separately accessed studio ADU. The primary residence and accessory dwelling offer open-concept interiors, while the ADU includes a full kitchen and its own laundry area. Stainless steel appliances, enclosed yards, and landscaped outdoor areas are included across the property. The ADU also has a private parking space and private yard.
The property is currently tenant occupied, and interior access is subject to an accepted offer. A property management company is already in place and has indicated it is willing to continue managing the property after closing. The asset is reported at a 6% cap rate and includes 2,100 square feet of total property size.
The property is currently tenant occupied, and interior access is subject to an accepted offer. A property management company is already in place and has indicated it is willing to continue managing the property after closing. The asset is reported at a 6% cap rate and includes 2,100 square feet of total property size.
Key Highlights
- Detached 3‑bedroom, 2‑bath residence paired with a studio ADU
- ADU includes a full kitchen, separate laundry, private parking space, and private yard
- Built in 2024 with open‑concept living areas and stainless steel appliances
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
$25,221
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
4.48%
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%
$504,420
$504.4K
Cap Rate 7%
$360,300
$360.3K
Cap Rate 9%
$280,233
$280.2K
Market Conditions
NOI Build-Up for 2,100 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
$38.6K $18.36/SF
− Vacancy
−$2.5K −$1.20/SF
EGI
$36.0K $17.16/SF
− OpEx
−$10.8K −$5.15/SF
NOI
$25.2K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /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%
$504,420
Cap Rate 7%
$360,300
Cap Rate 9%
$280,233
Alternative Uses
Best Use
Multifamily LT 5
$360.3K
$315.3K – $420.4K
NOI $25,221 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,227 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$557.6K
$487.9K – $650.5K
NOI $39,030 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
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 - Two separate living areas feature private access, dedicated outdoor space, and contemporary finishes.
Where is this duplex located?
The property is located at 333 SE Fir Villa Rd Dallas, OR.
What is the asking price?
The asking price for this property is $562,530.
What are key features of this property?
This property features: Detached 3‑bedroom, 2‑bath residence paired with a studio ADU; ADU includes a full kitchen, separate laundry, private parking space, and private yard; Built in 2024 with open‑concept living areas and stainless steel appliances
