Vernonia Triplex Near Main
441 North Street Vernonia, OR 97064
441 North Street, Vernonia, OR, 97064
$299,999
For Sale
$299,999
Triplex near main street with potential for owner occupancy.
Property Size1,846 SF
Price / SF$162.51
Days on Market127
Property Features for 441 North Street
General Information
- Standard status
- Active
- Size
- 1,846 SF
- Property subtype
- Residential / Single Family Residence
Building Details
- Year Built
- 1924
Listing Agency
Weichert, Realtors on Main Street
(503) 748-9115
Listed by
Ashley Fogel · License #201227120
(503) 748-9115
Source
Compass
Added: Mar 13 Checked: Jul 16 at 6:41 am
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 Weichert, Realtors on Main Street
Investment Insights
Based on property information with market context.
This triplex is located within walking distance of Vernonia's main street, offering convenient access to restaurants, local shops, and parks. The property is zoned for multifamily or residential use. The unit mix includes one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. The property offers an opportunity to occupy the largest unit while the other two units contribute to mortgage payments. The property size is 1846 square feet.
Key Highlights
- Opportunity to own a triplex.
- One unit is vacant and available to show.
- Live in the 2‑bedroom unit and have rental income from the other two units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $22.20 |
| − Vacancy | −$2.5k | −$1.37 |
| EGI | $38.5k | $20.83 |
| − OpEx | −$11.5k | −$6.25 |
| NOI | $26.9k | $14.58 |
1,846 SF · lease $22.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$338.6K
$296.3K – $395.1K
NOI $23,703 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$498.3K
$436.0K – $581.3K
NOI $34,880 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex near main street with potential for owner occupancy.
Where is this triplex located?
The property is located at 441 North Street Vernonia, OR.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Opportunity to own a triplex.; One unit is vacant and available to show.; Live in the 2‑bedroom unit and have rental income from the other two units.
