Four-Unit Apartment
For Sale
$799,900
529 S Maple St, Canby, OR 97013
Occupied apartment asset with in-unit laundry, storage, covered parking, and an additional dedicated parking space.
Property Size3,828 SF
Lot Size0.34 Acres
Price / SF$208.96
Days on Market47
Property Features for 529 S Maple St
General Information
Standard status
Active
Size
3,828 SF
Lot size
0.34 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
washer/dryer
refrigerator
range
dishwasher
private storage locker
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Equity Oregon Real Estate
(503) 984-0950
Listed By:
Rod Adams · License #200111040
Source:
Teamgillott
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 6:14PM
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 Equity Oregon Real Estate
Investment Insights
Based on property information with market context.
This 1990-built quadplex contains four 2-bedroom, 1-bath apartments totaling 3,828 SF. Each unit measures 950 SF and includes a washer and dryer, refrigerator, range, dishwasher, private storage locker, covered carport, and an additional parking space. The property is fully occupied and sits on a .34 AC flag lot in a private setting.
The address is in Canby, with access to schools, parks, shopping, dining, and downtown amenities. I-5 is nearby, connecting the property with Portland Metro and Salem. The site is also described as having potential for 2-3 additional units, subject to buyer verification.
The address is in Canby, with access to schools, parks, shopping, dining, and downtown amenities. I-5 is nearby, connecting the property with Portland Metro and Salem. The site is also described as having potential for 2-3 additional units, subject to buyer verification.
Key Highlights
- Four 950 SF apartments, each with 2 bedrooms and 1 bath
- 3,828 SF quadplex built in 1990
- Fully occupied property on a .34 AC private flag lot
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
$49,151
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
6.14%
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%
$983,020
$983.0K
Cap Rate 7%
$702,157
$702.2K
Cap Rate 9%
$546,122
$546.1K
Market Conditions
NOI Build-Up for 3,828 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
$94.2K $24.60/SF
− Vacancy
−$4.8K −$1.25/SF
EGI
$89.4K $23.35/SF
− OpEx
−$40.2K −$10.51/SF
NOI
$49.2K $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%
$983,020
Cap Rate 7%
$702,157
Cap Rate 9%
$546,122
Alternative Uses
Best Use
Apartment 5plus
$702.2K
$614.4K – $819.2K
NOI $49,151 @ 7.0% cap · market cap 6.14%
Second Best
Multifamily LT 5
$686.9K
$601.1K – $801.4K
NOI $48,084 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.03M
$904.1K – $1.21M
NOI $72,329 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 97013, OR
24,512
Population
9,152
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
416
Density / Sq Mi
$99,343
Median Household Income
$49,207
Median Earnings
$1,439
Median Rent
$509,100
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?
Quadplex - Occupied apartment asset with in-unit laundry, storage, covered parking, and an additional dedicated parking space.
Where is this quadplex located?
The property is located at 529 S Maple St Canby, OR.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four 950 SF apartments, each with 2 bedrooms and 1 bath; 3,828 SF quadplex built in 1990; Fully occupied property on a .34 AC private flag lot
