Ranch Quadplex for
382 NE 10th Street Prineville, OR 97754
For Sale
$900,000
MULTI_FAMILY - Ranch - Prineville, OR
Property Size2,600 SF
Lot Size0.26 Acres
Price / SF$346.15
Days on Market51
Property Features for 382 NE 10th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 19944
- Size
- 2,600 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 528
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Laminate, Vinyl
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency:
Stellar Realty Northwest
(541) 508-3148
Listed By:
Eric Bilderback
(541) 508-9672
Added: Jun 3
Changed: Jul 21
Last Checked: Jul 23 at 4:06PM
MLS# 220222883
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 ranch-style quadplex is reported to be about six months old and presented as built for long-term, low-maintenance operation. The offering is described as having “tight units” that are intended to be easy to maintain, with big storage areas for resident use. The property consists of multiple residential units within a single quadplex configuration, and the remarks emphasize manageable operations and fewer day-to-day “headaches.”
Access is limited to drive-by only, and the seller notes that the interior can’t be toured until there is an accepted offer. Based on the provided rent and expense figures, total rents are listed at $5,950 per month. The remarks also break out water at $290, trash at $126, property tax at $466, insurance at $143, and reserves at $250, along with total expenses and an NOI figure included in the materials.
For buyers seeking a newer, residential income property with compact unit layouts and dedicated storage space, this quadplex may fit well. The provided operating numbers can help underwriting and budgeting, and the described maintenance-focused approach may appeal to owners or operators looking for straightforward, resident-friendly management.
Access is limited to drive-by only, and the seller notes that the interior can’t be toured until there is an accepted offer. Based on the provided rent and expense figures, total rents are listed at $5,950 per month. The remarks also break out water at $290, trash at $126, property tax at $466, insurance at $143, and reserves at $250, along with total expenses and an NOI figure included in the materials.
For buyers seeking a newer, residential income property with compact unit layouts and dedicated storage space, this quadplex may fit well. The provided operating numbers can help underwriting and budgeting, and the described maintenance-focused approach may appeal to owners or operators looking for straightforward, resident-friendly management.
Key Highlights
- $5,950 total rents; estimated NOI of $4,675 with a stated 5.9% cap rate ($56,100 / $950,000).
- 6‑month‑old/new build completed in 2026 (architectural style: ranch).
- Central air cooling with forced air heating and a heat pump for heating.
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 | $56.2k | $21.60 |
| − Vacancy | −$4.1k | −$1.56 |
| EGI | $52.1k | $20.04 |
| − OpEx | −$15.6k | −$6.01 |
| NOI | $36.5k | $14.03 |
2,600 SF · lease $21.60/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.1K
$455.9K – $607.9K
NOI $36,474 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$475.7K
$416.2K – $555.0K
NOI $33,297 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Newer ranch-style quadplex designed for low-maintenance living with sizable storage areas and reported stabilized rents.
Where is this quadplex located?
The property is located at 382 NE 10th Street Prineville, OR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: $5,950 total rents; estimated NOI of $4,675 with a stated 5.9% cap rate ($56,100 / $950,000).; 6‑month‑old/new build completed in 2026 (architectural style: ranch).; Central air cooling with forced air heating and a heat pump for heating.
