Duplex with Riverfront
New
For Sale
$375,000
335 SW COURT Ave, Pendleton, OR 97801
MultiFamily, Pendleton, OR
Property Size3,489 SF
Lot Size0.09 Acres
Price / SF$107.48
Days on Market3
Property Features for 335 SW COURT Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 5
View
Territorial, River
Elementary school
Washington
Middle school
Sunridge
High school
Pendleton
Directions
SW Court, N corner/ intersection of SW 4th.
Subdivision
_435
Standard status
Active
APN
107873
Size
3,489 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
LOT 4 BLOCK 33 ARNOLD & RALEY'S ADDITION TO PENDLETON
Tax Annual Amount
2820
Legal Description
LOT 4 BLOCK 33 ARNOLD & RALEY'S ADDITION TO PENDLETON
Utilities
Water front features
River Front
Water front
1
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Coldwell Banker Farley Company · Coldwell Banker Real Estate
(541) 276-0021
Listed By:
Kevin Hale · License #200804092
(541) 969-8243
Added: Sep 25
Last Checked: Sep 27 at 1:06AM
MLS# 398289610
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.
Configured as a duplex, the home has a four-bedroom, two-bathroom main unit measuring approximately 2,576 square feet, including the basement, and an upper unit with two bedrooms, one bathroom, and approximately 899 square feet. Each residence has a kitchen. Interior details include hardwood flooring and built-ins; updates include electrical service, vinyl siding, and mini-split HVAC units. The property was built in 1900 and is zoned C1.
The 0.09-acre parcel fronts the Umatilla River and includes a deck facing the water. The home is situated between Main Street and the Pendleton Round-Up grounds, with level walking access to downtown and the Umatilla River Parkway.
The 0.09-acre parcel fronts the Umatilla River and includes a deck facing the water. The home is situated between Main Street and the Pendleton Round-Up grounds, with level walking access to downtown and the Umatilla River Parkway.
Key Highlights
- Two‑unit configuration with kitchens in both residences
- Main unit: 4 bedrooms, 2 bathrooms, approximately 2,576 square feet including the basement
- Upper unit: 2 bedrooms, 1 bathroom, approximately 899 square feet
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
$16,266
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
4.34%
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%
$325,320
$325.3K
Cap Rate 7%
$232,371
$232.4K
Cap Rate 9%
$180,733
$180.7K
Market Conditions
NOI Build-Up for 3,489 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
$25.1K $7.20/SF
− Vacancy
−$1.9K −$0.54/SF
EGI
$23.2K $6.66/SF
− OpEx
−$7.0K −$2.00/SF
NOI
$16.3K $4.66/SF
Area
Umatilla County, OR
Vacancy
7.50%
Lease Rate
$7.20 /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%
$325,320
Cap Rate 7%
$232,371
Cap Rate 9%
$180,733
Alternative Uses
Best Use
Multifamily LT 5
$232.4K
$203.3K – $271.1K
NOI $16,266 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$214.2K
$187.4K – $249.9K
NOI $14,991 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$730.4K
$639.1K – $852.1K
NOI $51,126 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
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 - Main- and upper-level residences each have a kitchen, with separate bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 335 SW COURT Ave Pendleton, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit configuration with kitchens in both residences; Main unit: 4 bedrooms, 2 bathrooms, approximately 2,576 square feet including the basement; Upper unit: 2 bedrooms, 1 bathroom, approximately 899 square feet
