Building Details

Year Built 2020

Listing Agency: Weichert, Realtors on Main Street

Listed By: Steve Barnes · License #990800048 Show Phone

Source: Rosecityrealtygroup

Added: Jul 24 Changed: Oct 3 Last Checked: Oct 7 at 3:28PM

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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 Weichert, Realtors on Main Street

Investment Insights

Based on property information with market context.

This duplex contains 2,744 square feet across a two-unit residential configuration. Completed in 2020, the property offers newer construction for an income-producing residential asset.

The property is located at 360 NW Willamina Dr in Willamina, Oregon, within the 97396 ZIP code.

Key Highlights

• 2,744‑square‑foot duplex
• Built in 2020
• Two‑unit residential configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,233

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,660 $704.7K

Cap Rate 7%

$503,329 $503.3K

Cap Rate 9%

$391,478 $391.5K

Market Conditions

NOI Build-Up for 2,744 SF

Gross rent

$67.5K $24.60/SF

− Vacancy

−$3.4K −$1.25/SF

EGI

$64.1K $23.35/SF

− OpEx

−$28.8K −$10.51/SF

NOI

$35.2K $12.84/SF

Area

Yamhill County, OR

Vacancy

5.10%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,660

Cap Rate 7%

$503,329

Cap Rate 9%

$391,478

Alternative Uses

Best Use

Apartment 5plus

$503.3K

$440.4K – $587.2K (±1% cap)

NOI $35,233 @ 7.0% cap · market cap 6.10%

Second Best

Multifamily LT 5

$431.9K

$377.9K – $503.8K (±1% cap)

NOI $30,230 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$740.7K

$648.1K – $864.1K (±1% cap)

NOI $51,847 @ 7.0% cap · market cap 8.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Hair Salon Kitchen & Bath Showroom Big Box & Wholesale Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential asset constructed in 2020 with a compact multifamily layout.

Where is this duplex located?

The property is located at 360 NW Willamina Dr Willamina, OR.

What is the asking price?

The asking price for this property is $578,000.

What are key features of this property?

This property features: 2,744‑square‑foot duplex; Built in 2020; Two‑unit residential configuration