Duplex with Attached
For Sale
$729,900
504 Northeast Trillium Drive, Estacada, OR 97023
Two connected living spaces offer flexible residential income or extended-household use within a fenced, landscaped property.
Property Size2,872 SF
Price / SF$254.14
Days on Market178
Property Features for 504 Northeast Trillium Drive
General Information
Standard status
Active
Size
2,872 SF
Total Parking Spaces
3
Property subtype
Multi Family
Zoning
RES
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,231
Amenities
2
Composition
Lap Siding
Building Details
Year Built
2026
Listing Agency:
John L. Scott Sandy
(503) 783-2442
Listed By:
Chris Anderson · License #960100031
(503) 783-2442
Source:
Compass
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 30 at 11:18PM
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 John L. Scott Sandy
Investment Insights
Based on property information with market context.
This RES-zoned duplex combines a four-bedroom, 2.5-bath main residence with an attached accessory dwelling unit containing two bedrooms and one full bath. The primary home includes an expansive great room connected to the kitchen and dining areas, while the upper-level suite features dual vanities and a walk-in closet. Laminate flooring is installed through the main living areas.
The property at 504 Northeast Trillium Drive in Estacada includes landscaped grounds, fencing, and a dedicated backyard area for the ADU. A three-car garage adds enclosed parking and storage. Completed in 2026, the home also features composition exterior elements and lap siding.
The property at 504 Northeast Trillium Drive in Estacada includes landscaped grounds, fencing, and a dedicated backyard area for the ADU. A three-car garage adds enclosed parking and storage. Completed in 2026, the home also features composition exterior elements and lap siding.
Key Highlights
- Four‑bedroom, 2.5‑bath main residence
- Attached ADU with 2 bedrooms and 1 full bath
- Three‑car garage for parking and storage
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
$36,876
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
5.05%
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%
$737,520
$737.5K
Cap Rate 7%
$526,800
$526.8K
Cap Rate 9%
$409,733
$409.7K
Market Conditions
NOI Build-Up for 2,872 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
$70.7K $24.60/SF
− Vacancy
−$3.6K −$1.25/SF
EGI
$67.0K $23.35/SF
− OpEx
−$30.2K −$10.51/SF
NOI
$36.9K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
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%
$737,520
Cap Rate 7%
$526,800
Cap Rate 9%
$409,733
Alternative Uses
Best Use
Apartment 5plus
$526.8K
$461.0K – $614.6K
NOI $36,876 @ 7.0% cap · market cap 5.05%
Second Best
Multifamily LT 5
$515.4K
$450.9K – $601.3K
NOI $36,075 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$775.2K
$678.3K – $904.4K
NOI $54,266 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 97023, OR
11,676
Population
4,718
Households
2.5
Avg Household Size
42
Median Age
16%
College-Educated
93%
High-School Grad
196.5 sq mi
ZIP Area
59
Density / Sq Mi
$74,701
Median Household Income
$38,563
Median Earnings
$1,079
Median Rent
$530,800
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 connected living spaces offer flexible residential income or extended-household use within a fenced, landscaped property.
Where is this duplex located?
The property is located at 504 Northeast Trillium Drive Estacada, OR.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Four‑bedroom, 2.5‑bath main residence; Attached ADU with 2 bedrooms and 1 full bath; Three‑car garage for parking and storage
