New-Build Duplex with
For Sale
$629,000
441 & 443 Denver St SE, Albany, OR 97321
Two-story duplex with granite kitchens, private bedroom suites, and one finished unit available for occupancy.
Property Size3,316 SF
Price / SF$189.69
Days on Market20
Property Features for 441 & 443 Denver St SE
General Information
Standard status
Active
Size
3,316 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
PREMIERE PROPERTY GROUP, LLC ALBANY
(541) 979-7973
Listed By:
AIMEE MACHUGH · License #201204780
Source:
Oregonhomeshop
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 1:11PM
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 PREMIERE PROPERTY GROUP, LLC ALBANY
Investment Insights
Based on property information with market context.
Completed in 2025, this two-story duplex contains 3,316 square feet, with 1,658 square feet on each side. Each unit includes three bedrooms, a primary bedroom with a walk-in closet, two full bathrooms upstairs, and a powder room on the main level. The kitchens feature islands and granite countertops, while single-car garages provide dedicated parking and storage.
The north-side unit is leased, and the south-side unit remains in brand-new condition for an owner occupant or future tenant. Located at 441 & 443 Denver St SE in Albany, Oregon, the property presents a two-unit residential configuration with distinct living spaces and attached garages.
The north-side unit is leased, and the south-side unit remains in brand-new condition for an owner occupant or future tenant. Located at 441 & 443 Denver St SE in Albany, Oregon, the property presents a two-unit residential configuration with distinct living spaces and attached garages.
Key Highlights
- 2025‑built duplex with 3,316 total square feet
- Each side contains 1,658 square feet with three bedrooms
- Two full bathrooms upstairs plus a main‑level powder room per unit
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
$31,302
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
4.98%
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%
$626,040
$626.0K
Cap Rate 7%
$447,171
$447.2K
Cap Rate 9%
$347,800
$347.8K
Market Conditions
NOI Build-Up for 3,316 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
$45.8K $13.80/SF
− Vacancy
−$1.0K −$0.31/SF
EGI
$44.7K $13.49/SF
− OpEx
−$13.4K −$4.05/SF
NOI
$31.3K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /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%
$626,040
Cap Rate 7%
$447,171
Cap Rate 9%
$347,800
Alternative Uses
Best Use
Multifamily LT 5
$447.2K
$391.3K – $521.7K
NOI $31,302 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$411.9K
$360.5K – $480.6K
NOI $28,836 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$966.0K
$845.3K – $1.13M
NOI $67,621 @ 7.0% cap · market cap 10.75%
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
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
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 - Two-story duplex with granite kitchens, private bedroom suites, and one finished unit available for occupancy.
Where is this duplex located?
The property is located at 441 & 443 Denver St SE Albany, OR.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 2025‑built duplex with 3,316 total square feet; Each side contains 1,658 square feet with three bedrooms; Two full bathrooms upstairs plus a main‑level powder room per unit
