Building Details

Year Built 1972

Tenancy Multi

Listing Agency: Works Real Estate Show Phone

Listed By: Tony Lewis Show Phone

Source: Beachlooprealty

Added: Sep 18 Changed: Oct 30 Last Checked: Oct 30 at 2:35PM

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Investment Insights

Based on property information with market context.

This 1,536-square-foot duplex, built in 1972, contains two matching residences. Each unit has two bedrooms and one bathroom, along with appliances and washer/dryer hookups.

The property is in St. Helens, within walking distance of downtown restaurants and a movie theater. Long-term tenants are in place, and the duplex has a history of rentals. Showings should not disturb the tenants; offers are subject to an interior inspection.

Key Highlights

• Two matching units, each with 2 bedrooms and 1 bathroom
• 1,536 square feet; built in 1972
• Appliances and washer/dryer hookups in both residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,397

Cap Rate

5.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,940 $447.9K

Cap Rate 7%

$319,957 $320.0K

Cap Rate 9%

$248,856 $248.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$34.1K $22.20/SF

− Vacancy

−$2.1K −$1.37/SF

EGI

$32.0K $20.83/SF

− OpEx

−$9.6K −$6.25/SF

NOI

$22.4K $14.58/SF

Area

Columbia County, OR

Vacancy

6.17%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,940

Cap Rate 7%

$319,957

Cap Rate 9%

$248,856

Alternative Uses

Best Use

Multifamily LT 5

$320.0K

$280.0K – $373.3K (±1% cap)

NOI $22,397 @ 7.0% cap · market cap 5.27%

Second Best

Apartment 5plus

$281.7K

$246.5K – $328.7K (±1% cap)

NOI $19,722 @ 7.0% cap · market cap 4.64%

Theoretical Best

Office A

$414.6K

$362.8K – $483.7K (±1% cap)

NOI $29,022 @ 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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

306

Businesses Nearby

Explore this area Business Placement

Demographics for 97051, OR

17,012

Population

6,804

Households

2.5

Avg Household Size

40

Median Age

17%

College-Educated

92%

High-School Grad

57.5 sq mi

ZIP Area

296

Density / Sq Mi

$85,837

Median Household Income

$47,468

Median Earnings

$1,258

Median Rent

$369,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Each residence includes two bedrooms, one bathroom, appliances and washer/dryer connections.

Where is this duplex located?

The property is located at 357 N 1ST ST St Helens, OR.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Two matching units, each with 2 bedrooms and 1 bathroom; 1,536 square feet; built in 1972; Appliances and washer/dryer hookups in both residences