Updated Duplex with Private
For Sale
$349,900
5351 Osage St, Sweet Home, OR 97386
Two-bedroom layouts include laundry hookups, outdoor areas, and supplemental driveway parking.
Property Size1,092 SF
Price / SF$320.42
Days on Market28
Property Features for 5351 Osage St
General Information
Standard status
Active
Size
1,092 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$34,572
Building Details
Year Built
1945
Listing Agency:
EXP REALTY, LLC
(541) 231-4535
Listed By:
CHRISTINE KITES
Source:
Wisser
Added: Aug 3
Changed: Aug 30
Last Checked: Aug 30 at 2:13PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
Built in 1945, this duplex contains two approximately 546-square-foot units, each arranged with two bedrooms, one bathroom, a one-car garage, and washer/dryer hookups. Both residences use an open great-room layout, wall furnace heat, and separate front, side, and rear yard areas, with additional parking available in the driveways.
Unit A has received kitchen, flooring, and bathroom updates and includes a refrigerator, oven, and dishwasher. Unit B is occupied by a long-term tenant. Ownership responsibilities include water, sewer, and yard maintenance, while tenants handle power and garbage. The property is located at 5351 Osage St in Sweet Home, Oregon.
Unit A has received kitchen, flooring, and bathroom updates and includes a refrigerator, oven, and dishwasher. Unit B is occupied by a long-term tenant. Ownership responsibilities include water, sewer, and yard maintenance, while tenants handle power and garbage. The property is located at 5351 Osage St in Sweet Home, Oregon.
Key Highlights
- Two‑unit duplex with approximately 1,092 SF total
- Each unit offers 2 bedrooms, 1 bath, a 1‑car garage, and washer/dryer hookups
- Unit A includes an updated kitchen, newer carpet, vinyl, and bath
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
$10,308
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
2.95%
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%
$206,160
$206.2K
Cap Rate 7%
$147,257
$147.3K
Cap Rate 9%
$114,533
$114.5K
Market Conditions
NOI Build-Up for 1,092 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
$15.1K $13.80/SF
− Vacancy
−$344 −$0.31/SF
EGI
$14.7K $13.49/SF
− OpEx
−$4.4K −$4.05/SF
NOI
$10.3K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$206,160
Cap Rate 7%
$147,257
Cap Rate 9%
$114,533
Alternative Uses
Best Use
Multifamily LT 5
$147.3K
$128.9K – $171.8K
NOI $10,308 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$135.7K
$118.7K – $158.3K
NOI $9,496 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$318.1K
$278.4K – $371.1K
NOI $22,268 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 97386, OR
14,611
Population
6,339
Households
2.3
Avg Household Size
44
Median Age
11%
College-Educated
87%
High-School Grad
125.9 sq mi
ZIP Area
116
Density / Sq Mi
$68,116
Median Household Income
$37,125
Median Earnings
$1,141
Median Rent
$302,200
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-bedroom layouts include laundry hookups, outdoor areas, and supplemental driveway parking.
Where is this duplex located?
The property is located at 5351 Osage St Sweet Home, OR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,092 SF total; Each unit offers 2 bedrooms, 1 bath, a 1‑car garage, and washer/dryer hookups; Unit A includes an updated kitchen, newer carpet, vinyl, and bath
