Triplex with Covered
For Sale
$525,000
365 NE Loper Avenue, Prineville, OR 97754
MULTI_FAMILY - Contemporary - Prineville, OR
Property Size2,644 SF
Lot Size0.24 Acres
Price / SF$198.56
Days on Market128
Property Features for 365 NE Loper Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R1; Limited Residential
Parking features
Carport
Patio and Porch features
Deck
Interior features
Laminate Counters, Pantry, Vaulted Ceiling(s)
Appliances
Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater
View
Territorial
Elementary school
Crooked River Elem
Middle school
Crook County Middle
High school
Crook County High
Standard status
Active
APN
7495
Size
2,644 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3765
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1994
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Michelle Rene Tisdel · License #200502413
(541) 390-3490
Added: Mar 25
Changed: Jul 25
Last Checked: Jul 30 at 2:06PM
MLS# 220217862
Copyright © 2026 Oregon Data Share. 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.
This contemporary triplex includes three residential units arranged on a large fenced lot. Two of the units feature vaulted ceilings with 2 bedrooms and 1.5 bathrooms each, while the third unit offers a large 1-bedroom, 1-bathroom layout. All units include washer and dryer hookups, and the property provides covered parking for two cars.
Located at 365 NE Loper Avenue in Prineville, Oregon, the property sits in Crook County. It is presented as a residential income opportunity in a peaceful setting, with access to Central Oregon’s outdoor recreation.
The unit mix supports a variety of renter needs, with two larger layouts and one separate one-bedroom option. Washer/dryer hookups can help simplify resident move-ins and everyday convenience. Recent improvements include a new roof installed within the past three years and fresh exterior paint completed within the past five years, which may reduce near-term maintenance concerns. Overall, this is a straightforward triplex offering three separate units, functional parking, and enclosed outdoor space.
Located at 365 NE Loper Avenue in Prineville, Oregon, the property sits in Crook County. It is presented as a residential income opportunity in a peaceful setting, with access to Central Oregon’s outdoor recreation.
The unit mix supports a variety of renter needs, with two larger layouts and one separate one-bedroom option. Washer/dryer hookups can help simplify resident move-ins and everyday convenience. Recent improvements include a new roof installed within the past three years and fresh exterior paint completed within the past five years, which may reduce near-term maintenance concerns. Overall, this is a straightforward triplex offering three separate units, functional parking, and enclosed outdoor space.
Key Highlights
- Triplex built in 1994 in Prineville with 3 units on a large fenced lot
- Unit mix: two 2‑bedroom, 1.5‑bath units and one 1‑bedroom, 1‑bath unit
- 2 units feature vaulted ceilings; all units have washer/dryer hookups
Financial Insights For Multifamily LT 5
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 | $57.1k | $21.60 |
| − Vacancy | −$4.1k | −$1.56 |
| EGI | $53.0k | $20.04 |
| − OpEx | −$15.9k | −$6.01 |
| NOI | $37.1k | $14.03 |
2,644 SF · lease $21.60/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.9K
$463.6K – $618.2K
NOI $37,091 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$483.7K
$423.3K – $564.4K
NOI $33,861 @ 7.0% cap · market cap 6.45%
Theoretical Best
Specialty Retail
$1.14M
$999.4K – $1.33M
NOI $79,955 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with fenced outdoor space, washer/dryer hookups, and covered parking for two cars.
Where is this triplex located?
The property is located at 365 NE Loper Avenue Prineville, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Triplex built in 1994 in Prineville with 3 units on a large fenced lot; Unit mix: two 2‑bedroom, 1.5‑bath units and one 1‑bedroom, 1‑bath unit; 2 units feature vaulted ceilings; all units have washer/dryer hookups
