4-Unit
New
For Sale
$400,000
418 SW G St, Madras, OR 97741
Four apartments offer a mix of one- and two-bedroom layouts, each with one bathroom.
Property Size1,664 SF
Price / SF$240.38
Days on Market4
Property Features for 418 SW G St
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Year Built
1951
Listing Agency:
Sunriver Realty
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 5:27PM
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 Sunriver Realty
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Investment Insights
Based on property information with market context.
This four-unit residential property contains a mix of one- and two-bedroom apartments, with one bathroom in each unit. The grounds are landscaped, and the property is fully leased.
A skate park and trail are nearby. The building dates to 1950 or 1951 in the provided information, so the construction year is omitted.
A skate park and trail are nearby. The building dates to 1950 or 1951 in the provided information, so the construction year is omitted.
Key Highlights
- Four‑unit residential property
- One- and two‑bedroom apartment mix
- One bathroom per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,343
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,860
$466.9K
Cap Rate 7%
$333,471
$333.5K
Cap Rate 9%
$259,367
$259.4K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$35.9K $21.60/SF
− Vacancy
−$2.6K −$1.56/SF
EGI
$33.3K $20.04/SF
− OpEx
−$10.0K −$6.01/SF
NOI
$23.3K $14.03/SF
Area
Jefferson 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 Rate 5%
$466,860
Cap Rate 7%
$333,471
Cap Rate 9%
$259,367
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,343 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$304.4K
$266.4K – $355.2K
NOI $21,310 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$718.8K
$629.0K – $838.7K
NOI $50,319 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
548
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer a mix of one- and two-bedroom layouts, each with one bathroom.
Where is this quadplex located?
The property is located at 418 SW G St Madras, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four‑unit residential property; One- and two‑bedroom apartment mix; One bathroom per unit
