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    Quadplex with Updated Units Title is generated by Realmo AI

    382 NE 10th Street, Prineville, OR 97754

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    For Sale
    $950,000

    MULTI_FAMILY - Ranch - Prineville, OR

    Type:Single Family Residence
    Property size:
    2,600 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $365/SF
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 382 NE 10th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    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
    Vinyl, Laminate
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Eric Bilderback

    Listing agent Eric Bilderback

    Listing office Stellar Realty Northwest 382 E Hood Ave, Ste A-East, Bend, OR

    Listing date Jun 3, 2026

    MLS# 220222883 Listing URL

    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.

    HighLights

    • Newer build: ranch‑style property built in 2026, about 6 months old/new
    • Total rents: $5,950; NOI reported at $4,675 with total expenses listed at $1,275
    • Heating includes forced air and a heat pump; cooling provided by central air
    • Flooring: vinyl and laminate throughout
    • Roof is composition
    • Utilities: public water and public sewer; parking available in a parking lot

    Overview

    This quadplex income property totals 2,600 square feet and sits on a 0.26-acre lot. The units are described as “tight” for easy maintenance, with large storage areas. Public remarks indicate the property was made for the long term with updates completed about six months ago.

    The offering is located at 382 NE 10th Street in Prineville, Oregon (Crook County). Access is limited for showings; prospective buyers must have an accepted offer before an interior visit is possible, and interested parties should plan for drive-by only.

    According to the provided operating figures, total rents equal $5,950 per month. Monthly expenses listed include $290 for water, $126 for trash, $466 for property tax, $143 for insurance, $250 for reserves, and 5% per month set aside as noted, for total expenses of $1,275. The resulting NOI is stated as $4,675. This configuration may appeal to buyers seeking a small multi-family asset positioned for straightforward day-to-day management based on the current unit setup and recent updates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.843872
    Latitude
    44.308677

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    FAQs

    What type of property is this?
    Quadplex - Recently updated quadplex designed for low-maintenance operations and strong resident storage.
    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 $950,000.
    What are key features of this property?
    This property features: Newer build: ranch‑style property built in 2026, about 6 months old/new; Total rents: $5,950; NOI reported at $4,675 with total expenses listed at $1,275; Heating includes forced air and a heat pump; cooling provided by central air
    (541) 508-9672
    We can help!
    Listing Contact
    Eric Bilderback
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    382 NE 10th Street, Prineville, OR 97754
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