33376 NW WICKSTROM DR, Scappoose, OR 97056

Building Details

Building Size 1,536 SF More

Year Built 1966 More

Listing Agency: Bridger Management

Listed By: Chris Hoeschen Show Phone

Source: Currangrouprealtors

Added: Sep 15 Changed: Nov 2 Last Checked: Nov 8 at 1:20PM

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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 Bridger Management

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Investment Insights

Based on property information with market context.

This duplex contains two recently remodeled units, each updated with LVP flooring, new fixtures, interior paint, and new appliances. Exterior improvements include fresh paint, roof repairs, and completed landscaping work. The property is fully leased, with tenants responsible for water, sewer, garbage, and basic landscaping and mowing.

The property is located at 33376 NW Wickstrom Dr in Scappoose, Oregon, within a 100-year floodplain. Recent interior and exterior work provides a current physical profile across both units, while the existing lease status establishes an occupied income-producing configuration.

Key Highlights

• Two‑unit duplex with both residences recently remodeled
• LVP flooring, new fixtures, interior paint, and new appliances in both units
• New exterior paint, roof repairs, and landscaping completed summer 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,318

Cap Rate

4.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$446,360 $446.4K

Cap Rate 7%

$318,829 $318.8K

Cap Rate 9%

$247,978 $248.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$34.1K $22.20/SF

− Vacancy

−$2.2K −$1.44/SF

EGI

$31.9K $20.76/SF

− OpEx

−$9.6K −$6.23/SF

NOI

$22.3K $14.53/SF

Area

Columbia County, OR

Vacancy

6.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$446,360

Cap Rate 7%

$318,829

Cap Rate 9%

$247,978

Alternative Uses

Best Use

Multifamily LT 5

$318.8K

$279.0K – $372.0K (±1% cap)

NOI $22,318 @ 7.0% cap · market cap 4.70%

Second Best

Apartment 5plus

$281.7K

$246.5K – $328.7K (±1% cap)

NOI $19,722 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$414.6K

$362.8K – $483.7K (±1% cap)

NOI $29,022 @ 7.0% cap · market cap 6.11%

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

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

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Demographics for 97056, OR

12,926

Population

5,179

Households

2.5

Avg Household Size

44

Median Age

23%

College-Educated

91%

High-School Grad

110.7 sq mi

ZIP Area

117

Density / Sq Mi

$95,351

Median Household Income

$50,489

Median Earnings

$1,612

Median Rent

$437,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two leased units offer refreshed interiors, updated appliances, and durable LVP flooring.

Where is this duplex located?

The property is located at 33376 NW WICKSTROM DR Scappoose, OR.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Two‑unit duplex with both residences recently remodeled; LVP flooring, new fixtures, interior paint, and new appliances in both units; New exterior paint, roof repairs, and landscaping completed summer 2026