Duplex with Accessory Dwelling
New
For Sale
$599,900
515 Merlot St, Amity, OR 97101
MultiFamily, Amity, OR
Property Size2,185 SF
Lot Size0.15 Acres
Price / SF$274.55
Days on Market2
Property Features for 515 Merlot St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
MDR
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bathroom 4
View
Territorial
Elementary school
Amity
Middle school
Amity
High school
Amity
Directions
Corner lot, South of 513 Merlot St.
Subdivision
_156
Standard status
Active
APN
646105
Size
2,185 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
TOWNSHIP 5S RANGE 4W SECTION 20 QTR D QQTR B TAXLOT 00100
Tax Annual Amount
629
Legal Description
TOWNSHIP 5S RANGE 4W SECTION 20 QTR D QQTR B TAXLOT 00100
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices Real Estate Professionals
(503) 371-3013
Listed By:
Mark Shadrin · License #201215479
(503) 983-4405
Added: Oct 13
Last Checked: Oct 14 at 7:06PM
MLS# 760855189
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.
Investment Insights
Based on property information with market context.
Under construction on a 0.15-acre corner lot, this 2,185-square-foot duplex includes two distinct residences, each with an attached single-car garage and a private rear deck. The main residence measures 1,386 square feet and has three bedrooms, 2.5 bathrooms, and an open living area. The accessory dwelling unit has two bedrooms, 1.5 bathrooms, and its own kitchen and living space.
The property is in Amity, Oregon, and is zoned MDR. Built in 2026, the residences have wall-unit cooling and composition roofing.
The property is in Amity, Oregon, and is zoned MDR. Built in 2026, the residences have wall-unit cooling and composition roofing.
Key Highlights
- 2,185 square feet across two separate residences
- Main residence: 1,386 square feet, 3 bedrooms, and 2.5 bathrooms
- Accessory dwelling unit with 2 bedrooms, 1.5 bathrooms, kitchen, and living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,055
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,100
$561.1K
Cap Rate 7%
$400,786
$400.8K
Cap Rate 9%
$311,722
$311.7K
Market Conditions
NOI Build-Up for 2,185 SF
Gross rent
$53.8K $24.60/SF
− Vacancy
−$2.7K −$1.25/SF
EGI
$51.0K $23.35/SF
− OpEx
−$23.0K −$10.51/SF
NOI
$28.1K $12.84/SF
Area
Yamhill 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 Rate 5%
$561,100
Cap Rate 7%
$400,786
Cap Rate 9%
$311,722
Alternative Uses
Best Use
Apartment 5plus
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 4.68%
Second Best
Multifamily LT 5
$343.9K
$300.9K – $401.2K
NOI $24,072 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,285 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 97101, OR
4,055
Population
1,397
Households
2.9
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
50.1 sq mi
ZIP Area
81
Density / Sq Mi
$105,061
Median Household Income
$55,254
Median Earnings
$1,413
Median Rent
$484,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each have an attached garage and a private rear deck.
Where is this duplex located?
The property is located at 515 Merlot St Amity, 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: 2,185 square feet across two separate residences; Main residence: 1,386 square feet, 3 bedrooms, and 2.5 bathrooms; Accessory dwelling unit with 2 bedrooms, 1.5 bathrooms, kitchen, and living space
