Building Details

Building Size 2,266 SF

Year Built 2026

Listing Agency: Keller Williams Realty Central Oregon

Listed By: Holly Cole · License #201214610 Show Phone

Source: Avenirrealtygroup

Added: Jul 7 Changed: Oct 27 Last Checked: Oct 27 at 4:36AM

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Investment Insights

Based on property information with market context.

This residential income property includes two individual homes with a combined listed area of 2,266 square feet. Each floor plan includes a great room, an open kitchen with quartz counters and an island with breakfast-bar seating, an owner’s suite with an ensuite bathroom, and two additional bedrooms served by a full bath. Wood-look flooring, sliding glass doors, and a covered back deck are also noted. The property is identified with a 2026 year built.

The homes have Cascade Mountain views and are in the Murray Metolius Community. Downtown Metolius is described as minutes away, with Lake Billy Chinook a short drive from the property. Each home includes a double-car garage and fenced outdoor space.

Key Highlights

• Two individual residential units with a combined listed area of 2,266 square feet
• Each home has three bedrooms, two bathrooms, and a double‑car garage
• Quartz kitchen counters and an island with breakfast‑bar seating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,020

Cap Rate

4.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$580,400 $580.4K

Cap Rate 7%

$414,571 $414.6K

Cap Rate 9%

$322,444 $322.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,266 SF

Gross rent

$57.1K $25.20/SF

− Vacancy

−$4.3K −$1.92/SF

EGI

$52.8K $23.28/SF

− OpEx

−$23.7K −$10.48/SF

NOI

$29.0K $12.81/SF

Area

Jefferson County, OR

Vacancy

7.60%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$580,400

Cap Rate 7%

$414,571

Cap Rate 9%

$322,444

Alternative Uses

Best Use

Apartment 5plus

$414.6K

$362.8K – $483.7K (±1% cap)

NOI $29,020 @ 7.0% cap · market cap 4.47%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$978.9K

$856.6K – $1.14M (±1% cap)

NOI $68,524 @ 7.0% cap · market cap 10.54%

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

Property Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

631

Businesses Nearby

Explore this area Business Placement

Demographics for 97741, OR

13,753

Population

4,777

Households

2.9

Avg Household Size

39

Median Age

21%

College-Educated

86%

High-School Grad

363.9 sq mi

ZIP Area

38

Density / Sq Mi

$69,696

Median Household Income

$37,641

Median Earnings

$993

Median Rent

$308,900

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - Both homes feature three bedrooms, two bathrooms, and attached double-car garages.

Where is this residential income property located?

The property is located at 0 SW 6th Street 4-5 Metolius, OR.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Two individual residential units with a combined listed area of 2,266 square feet; Each home has three bedrooms, two bathrooms, and a double‑car garage; Quartz kitchen counters and an island with breakfast‑bar seating