Building Details

Year Built 1965

Listing Agency: Coldwell Banker Commercial Professional Group

Listed By: Strategic Realty, LLC Show Phone

Source: Movetobend

Added: Aug 26 Changed: Oct 13 Last Checked: Oct 12 at 7:50PM

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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 Coldwell Banker Commercial Professional Group

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.

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 / Yr

$15,046

Cap Rate

3.61%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $15,046 @ 7.0% cap · market cap 3.61%

Second Best

Apartment 5plus

$188.6K

$165.1K – $220.1K (±1% cap)

NOI $13,205 @ 7.0% cap · market cap 3.17%

Theoretical Best

Office A

$338.9K

$296.5K – $395.4K (±1% cap)

NOI $23,722 @ 7.0% cap · market cap 5.70%

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

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Electrical Service Real Estate Agency Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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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