Duplex With
For Sale
$475,000
48251 Commercial St, Oakridge, OR 97463
Flexible duplex configuration with substantial interior areas, multiple cooking spaces, and a garage-shop component.
Property Size4,565 SF
Price / SF$104.05
Days on Market54
Property Features for 48251 Commercial St
General Information
Standard status
Active
Size
4,565 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2001
Listing Agency:
Keller Williams Realty Eugene and Springfield
Listed By:
Aaron Stansbury · License #201217870
(503) 396-1787
Source:
Wisser
Added: Sep 9
Changed: Oct 25
Last Checked: Nov 1 at 1:20PM
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 Keller Williams Realty Eugene and Springfield
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Investment Insights
Based on property information with market context.
This duplex property, built in 2001, contains 4,565 square feet with a flexible interior arrangement. The improvements include 2 kitchens, an additional wet bar with refrigerator and counterspace, multiple large living areas, and 3.5 bathrooms. A substantial garage-shop area adds functional space for storage, projects, or other property needs.
Located at 48251 Commercial St in Oakridge, Oregon, the property sits in an area described as evolving toward future commercial and mixed-use activity. The surrounding neighborhood includes both residential and commercial uses. The current duplex designation supports a two-unit residential configuration, while the interior layout provides multiple ways to organize the available space.
Located at 48251 Commercial St in Oakridge, Oregon, the property sits in an area described as evolving toward future commercial and mixed-use activity. The surrounding neighborhood includes both residential and commercial uses. The current duplex designation supports a two-unit residential configuration, while the interior layout provides multiple ways to organize the available space.
Key Highlights
- Duplex property with 4,565 square feet
- Built in 2001
- 2 kitchens plus an additional wet bar with refrigerator and counterspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,721
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,420
$834.4K
Cap Rate 7%
$596,014
$596.0K
Cap Rate 9%
$463,567
$463.6K
Market Conditions
NOI Build-Up for 4,565 SF
Gross rent
$80.5K $17.64/SF
− Vacancy
−$4.7K −$1.02/SF
EGI
$75.9K $16.62/SF
− OpEx
−$34.1K −$7.48/SF
NOI
$41.7K $9.14/SF
Area
Lane County, OR
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,420
Cap Rate 7%
$596,014
Cap Rate 9%
$463,567
Alternative Uses
Best Use
Multifamily LT 5
$640.2K
$560.2K – $747.0K
NOI $44,817 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$596.0K
$521.5K – $695.4K
NOI $41,721 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,842 @ 7.0% cap · market cap 17.02%
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
146
Businesses Nearby
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Business Placement
Demographics for 97463, OR
3,886
Population
1,775
Households
2.2
Avg Household Size
50
Median Age
18%
College-Educated
84%
High-School Grad
48.7 sq mi
ZIP Area
80
Density / Sq Mi
$36,885
Median Household Income
$19,934
Median Earnings
$918
Median Rent
$241,000
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 - Flexible duplex configuration with substantial interior areas, multiple cooking spaces, and a garage-shop component.
Where is this duplex located?
The property is located at 48251 Commercial St Oakridge, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex property with 4,565 square feet; Built in 2001; 2 kitchens plus an additional wet bar with refrigerator and counterspace
