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    48251/48247 E COMMERCIAL St Oakridge, OR 97463

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    Claim this Listing
    New
    For Sale
    $725,000

    MULTI_FAMILY - Oakridge, OR

    Property size:
    4,565 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $158/SF
    Added:
    Apr 20, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 25 at 5:06 am

    Property Features for 48251/48247 E COMMERCIAL St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 1
    Standard status
    Active
    APN
    0951986
    Size
    4,565 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    2135161308200 & 2135161308100
    Tax Annual Amount
    3404

    Utilities

    Heating system
    Ductless (Heating)

    Building Details

    Year built
    2001
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Aaron Stansbury

    Listing agent Aaron Stansbury License #201217870

    Listing office Keller Williams Realty Eugene and Springfield 2645 Suzanne Way Suite 2A, Eugene, OR

    Listing date Apr 20, 2026

    MLS# 344370290 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Oakridge Multifamily Opportunity

    Located in the heart of Oakridge, this property offers a flexible layout with two kitchens, an additional wet bar with refrigerator and counter space, multiple expansive living spaces, and 3.5 bathrooms. The property is currently recognized as a duplex, offering versatility and income potential. The large interior spaces and massive garage/shop area can be transformed to fit various visions, such as multi-generational living or a live/work setup. Situated in an area identified for future commercial and mixed-use evolution, this property presents long-term upside. The surrounding neighborhood features a blend of residential and commercial uses. The property size is 4565 square feet and the lot size is 0.22 acres. The zoning is R1. This property is suited for model train enthusiasts, investors, or buyers seeking something unique.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakridge
    County
    Lane
    State
    Oregon
    Longitude
    -122.459478
    Latitude
    43.747116

    Nearby Similar for Sale

    • $250,000
      3,279 SF

      Oakridge Commercial Building with License

      Adaptable commercial space with active OLCC retail license.
      48257 E 1st Street, Oakridge, OR 97463
      View Details
    • $775,000
      4,250 SF

      Established Oakridge Tire Center

      Well-established tire and auto service business with real estate.
      47406 HWY 58, Oakridge, OR 97463
      View Details
    • Contact for pricing

      Highway 58 Retail Opportunity

      Retail/convenience store on 0.72 acres with expansion potential.
      Oakridge, OR 97463
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile Oakridge property with income potential and creative uses.
    Where is this mixed-use property located?
    The property is located at 48251/48247 E COMMERCIAL St Oakridge, OR.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Flexible layout with **2 kitchens, wet bar, multiple living spaces, and 3.5 bathrooms.**; **Large garage/shop area** suitable for various uses.; Duplex designation provides immediate rental income potential.
    (503) 396-1787
    We can help!
    Listing Contact
    Aaron Stansbury
    Real Estate License ID: 201217870
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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