Newer Duplex With Strong
For Sale
$599,900
360 Northwest Willamina Drive, Willamina, OR 97396
Newer duplex in Willamina, OR offered for sale with a strong rental history.
Property Size2,744 SF
Price / SF$218.62
Days on Market335
Property Features for 360 Northwest Willamina Drive
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2020
Listing Agency:
Weichert, Realtors on Main Street
(503) 407-9393
Listed By:
Steve Barnes · License #990800048
(503) 407-9393
Source:
Compass
Added: Sep 2, 2025
Changed: Jul 23
Last Checked: Aug 2 at 12:26PM
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 Weichert, Realtors on Main Street
Investment Insights
Based on property information with market context.
This newer duplex offers an income-producing configuration with two residential units under one property. The building is presented as very nice and is marketed with a great rental history, supporting the property’s established performance.
Located at 360 Northwest Willamina Drive in Willamina, Oregon, the duplex is available for sale. Buyers and brokers can review the unit mix and current or historical rental documentation as part of their diligence.
The property’s primary selling points are its newer construction condition and documented rental track record. This is a straightforward residential income asset well-suited for investors seeking a duplex format.
Located at 360 Northwest Willamina Drive in Willamina, Oregon, the duplex is available for sale. Buyers and brokers can review the unit mix and current or historical rental documentation as part of their diligence.
The property’s primary selling points are its newer construction condition and documented rental track record. This is a straightforward residential income asset well-suited for investors seeking a duplex format.
Key Highlights
- Newer duplex built in 2020 in Willamina, OR
- Concrete perimeter foundation
- Composition roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $24.60 |
| − Vacancy | −$3.4k | −$1.25 |
| EGI | $64.1k | $23.35 |
| − OpEx | −$28.8k | −$10.51 |
| NOI | $35.2k | $12.84 |
2,744 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$503.3K
$440.4K – $587.2K
NOI $35,233 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$431.9K
$377.9K – $503.8K
NOI $30,230 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$740.7K
$648.1K – $864.1K
NOI $51,847 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 97396, OR
3,426
Population
1,473
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
94%
High-School Grad
54.6 sq mi
ZIP Area
63
Density / Sq Mi
$52,857
Median Household Income
$42,217
Median Earnings
$1,104
Median Rent
$324,500
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 - Newer duplex in Willamina, OR offered for sale with a strong rental history.
Where is this duplex located?
The property is located at 360 Northwest Willamina Drive Willamina, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Newer duplex built in 2020 in Willamina, OR; Concrete perimeter foundation; Composition roof
