Duplex with Riverfront
335 SW COURT Ave, Pendleton, OR 97801
For Sale
$375,000
MultiFamily, Pendleton, OR
Property Size3,489 SF
Lot Size0.09 Acres
Price / SF$107.48
Days on Market51
Property Features for 335 SW COURT Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
View
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Water front features
Water front
Amenities
deck
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Coldwell Banker Farley Company · Coldwell Banker Real Estate
(541) 276-0021
Listed By:
Kevin Hale · License OR #200804092
(541) 969-8243
Added: Sep 25
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
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.
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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 / Yr
$16,266
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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
