Duplex With Private
New
For Sale
$416,500
400 S Rose St #A-B, Phoenix, OR 97535
Well-maintained two-unit property with updated components, individual parking, laundry hookups, and a spacious setback from the street.
Property Size1,404 SF
Lot Size0.42 Acres
Price / SF$296.65
Days on Market4
Property Features for 400 S Rose St #A-B
General Information
Standard status
Active
Size
1,404 SF
Total Parking Spaces
2
Lot size
0.42 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
Cascade Hasson Sir
(541) 595-8444
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 26 at 12:47PM
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 Cascade Hasson Sir
Investment Insights
Based on property information with market context.
This two-unit residential income property contains 1,404 square feet and was built in 1965. Both units include a single-car garage with washer and dryer hookups. Improvements include a newer roof, upgraded windows, newer hot water heaters, laminate flooring, ductless mini-split heat pumps, and newer fencing.
The building sits back from the street, providing a more private setting. The sale also includes an adjoining lot with an expansive side yard; a portion of that parcel extends across an irrigation canal. The property offers a duplex configuration with additional land and separate garage parking for each unit.
The building sits back from the street, providing a more private setting. The sale also includes an adjoining lot with an expansive side yard; a portion of that parcel extends across an irrigation canal. The property offers a duplex configuration with additional land and separate garage parking for each unit.
Key Highlights
- 1,404‑square‑foot duplex built in 1965
- Each unit includes a single‑car garage and washer and dryer hookups
- Newer roof, upgraded windows, and newer hot water heaters
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
$15,046
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
3.61%
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%
$300,920
$300.9K
Cap Rate 7%
$214,943
$214.9K
Cap Rate 9%
$167,178
$167.2K
Market Conditions
NOI Build-Up for 1,404 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
$22.7K $16.20/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$21.5K $15.31/SF
− OpEx
−$6.4K −$4.59/SF
NOI
$15.0K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /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%
$300,920
Cap Rate 7%
$214,943
Cap Rate 9%
$167,178
Alternative Uses
Best Use
Multifamily LT 5
$214.9K
$188.1K – $250.8K
NOI $15,046 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$188.6K
$165.1K – $220.1K
NOI $13,205 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 97535, OR
5,015
Population
2,104
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
1,520
Density / Sq Mi
$60,451
Median Household Income
$35,000
Median Earnings
$1,284
Median Rent
$374,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property with updated components, individual parking, laundry hookups, and a spacious setback from the street.
Where is this duplex located?
The property is located at 400 S Rose St #A-B Phoenix, OR.
What is the asking price?
The asking price for this property is $416,500.
What are key features of this property?
This property features: 1,404‑square‑foot duplex built in 1965; Each unit includes a single‑car garage and washer and dryer hookups; Newer roof, upgraded windows, and newer hot water heaters
