Furnished
New
For Sale
$599,900
455 W Washington ST, Stayton, OR 97383
Two distinct unit setups include a furnished residence used for short-term executive stays and a separate long-term tenancy.
Property Size2,788 SF
Price / SF$215.17
Days on Market4
Property Features for 455 W Washington ST
General Information
Standard status
Active
Size
2,788 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fencing
updated appliances
Building Details
Year Built
2007
Buildings
1
Listing Agency:
United Real Estate Properties
Listed By:
Nick Shivers Team | eXp Realty
(503) 594-0805
Source:
Nickshivers
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 5:02PM
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 United Real Estate Properties
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,788-square-foot duplex has two units with different occupancy arrangements. One unit is furnished and has been used for short-term executive renters; the other has a long-term tenant. Updated appliances and black chain-link fencing are among the property’s features, with privacy fencing in the rear. The larger unit could also be configured for full-time tenancy.
The property occupies a corner lot at 455 W Washington St and 821 N Douglas. Schools and shopping are nearby.
The property occupies a corner lot at 455 W Washington St and 821 N Douglas. Schools and shopping are nearby.
Key Highlights
- 2,788‑square‑foot duplex built in 2007
- Furnished larger unit has been used for short‑term executive stays
- Separate unit has a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,217
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,340
$424.3K
Cap Rate 7%
$303,100
$303.1K
Cap Rate 9%
$235,744
$235.7K
Market Conditions
NOI Build-Up for 2,788 SF
Gross rent
$32.5K $11.64/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$30.3K $10.87/SF
− OpEx
−$9.1K −$3.26/SF
NOI
$21.2K $7.61/SF
Area
Marion County, OR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,340
Cap Rate 7%
$303,100
Cap Rate 9%
$235,744
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,217 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$281.7K
$246.5K – $328.6K
NOI $19,718 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$655.7K
$573.7K – $765.0K
NOI $45,898 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 97383, OR
10,079
Population
4,116
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
212
Density / Sq Mi
$75,094
Median Household Income
$41,366
Median Earnings
$1,090
Median Rent
$408,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct unit setups include a furnished residence used for short-term executive stays and a separate long-term tenancy.
Where is this duplex located?
The property is located at 455 W Washington ST Stayton, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,788‑square‑foot duplex built in 2007; Furnished larger unit has been used for short‑term executive stays; Separate unit has a long‑term tenant
