Building Details

Year Built 2003

Listing Agency: Coldwell Banker Farley Company

Listed By: Jerry Baker · License #201211883 Show Phone

Source: Christiesrealestateevg

Added: Sep 4 Changed: Oct 16 Last Checked: Oct 7 at 1:01PM

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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 Coldwell Banker Farley Company

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Investment Insights

Based on property information with market context.

This triplex contains three residential units within approximately 2,592 square feet of total building area. Constructed in 2003, the property currently has two occupied units.

Located at 377 E Currant St in Athena, Oregon, the asset offers an established residential configuration with existing occupancy in most of the units.

Key Highlights

• Three‑unit triplex built in 2003
• Approximately 2,592 total square feet
• Two units currently occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,084

Cap Rate

3.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,680 $241.7K

Cap Rate 7%

$172,629 $172.6K

Cap Rate 9%

$134,267 $134.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,592 SF

Gross rent

$18.7K $7.20/SF

− Vacancy

−$1.4K −$0.54/SF

EGI

$17.3K $6.66/SF

− OpEx

−$5.2K −$2.00/SF

NOI

$12.1K $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%

$241,680

Cap Rate 7%

$172,629

Cap Rate 9%

$134,267

Alternative Uses

Best Use

Multifamily LT 5

$172.6K

$151.1K – $201.4K (±1% cap)

NOI $12,084 @ 7.0% cap · market cap 3.03%

Second Best

Apartment 5plus

$159.1K

$139.2K – $185.6K (±1% cap)

NOI $11,137 @ 7.0% cap · market cap 2.79%

Theoretical Best

Office A

$542.6K

$474.8K – $633.0K (±1% cap)

NOI $37,982 @ 7.0% cap · market cap 9.52%

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

Property Analytics

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Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

79

Businesses Nearby

Explore this area Business Placement

Demographics for 97813, OR

1,386

Population

614

Households

2.3

Avg Household Size

44

Median Age

32%

College-Educated

93%

High-School Grad

53.8 sq mi

ZIP Area

26

Density / Sq Mi

$73,688

Median Household Income

$38,438

Median Earnings

$868

Median Rent

$217,200

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?

Triplex - Athena property with two units currently occupied.

Where is this triplex located?

The property is located at 377 E Currant St Athena, OR.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Three‑unit triplex built in 2003; Approximately 2,592 total square feet; Two units currently occupied