Quadplex with Storage
For Sale
$875,000
382 NE 10th Street, Prineville, OR 97754
Residential Income, Prineville, OR
Property Size2,600 SF
Lot Size0.26 Acres
Price / SF$336.54
Days on Market97
Property Features for 382 NE 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R4; Residential Redevelop
Parking features
Parking Lot
Elementary school
Crooked River Elem
Middle school
Crook County Middle
High school
Crook County High
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: Aug 30
Last Checked: Sep 7 at 5:06PM
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 quadplex contains 2,600 square feet across a ranch-style configuration, with vinyl and laminate flooring, heat pump and forced-air heating, and central air conditioning. Large storage areas are also included, while the composition roof supports the overall building improvements. The property was built in 2026.
The 0.26-acre site includes a parking lot and is served by public water and public sewer. Located at 382 NE 10th Street in Prineville, Oregon, the property offers a four-unit residential income configuration with on-site parking and practical utility service.
The 0.26-acre site includes a parking lot and is served by public water and public sewer. Located at 382 NE 10th Street in Prineville, Oregon, the property offers a four-unit residential income configuration with on-site parking and practical utility service.
Key Highlights
- Quadplex on 0.26 acres with 2,600 square feet
- Built in 2026 with ranch‑style architecture
- Large storage areas included with the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$729,480
$729.5K
Cap Rate 7%
$521,057
$521.1K
Cap Rate 9%
$405,267
$405.3K
Market Conditions
NOI Build-Up for 2,600 SF
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.
Gross rent
$56.2K $21.60/SF
− Vacancy
−$4.1K −$1.56/SF
EGI
$52.1K $20.04/SF
− OpEx
−$15.6K −$6.01/SF
NOI
$36.5K $14.03/SF
Area
Crook County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$729,480
Cap Rate 7%
$521,057
Cap Rate 9%
$405,267
Alternative Uses
Best Use
Multifamily LT 5
$521.1K
$455.9K – $607.9K
NOI $36,474 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$475.7K
$416.2K – $555.0K
NOI $33,297 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
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?
Quadplex - Four-unit ranch-style property with parking, public utilities, and a mix of vinyl and laminate flooring.
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 $875,000.
What are key features of this property?
This property features: Quadplex on 0.26 acres with 2,600 square feet; Built in 2026 with ranch‑style architecture; Large storage areas included with the units
