Duplex With Two
5351 Osage St Sweet Home, OR 97386
5351 Osage St, Sweet Home, OR, 97386
$349,900
For Sale
$349,900
MULTI_FAMILY - Sweet Home, OR
Property Size1,092 SF
Lot Size0.15 Acres
Price / SF$320.42
Days on Market114
Property Features for 5351 Osage St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1-LD
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
- Standard status
- Active
- APN
- 0235461
- Size
- 1,092 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 2831
Utilities
- Heating system
- Wall Furnace
Building Details
- Year built
- 1945
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Other
Listing agency
EXP REALTY, LLC
(888) 814-9613
Listed by
CHRISTINE KITES
(541) 231-4535
Added: Mar 30 Updated: Jun 8 at 4:33PM Checked: Jul 21 at 12:06PM
MLS# 839211
Copyright © 2026 Willamette Valley Multiple Listing Service. 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.
This duplex includes two separate two-bedroom, one-bath units, each approximately 546 square feet. Each unit provides a one-car garage and includes washer and dryer hookups. The layout includes a “great room” design and wall furnace heat, with outdoor space that extends to a backyard, side yard, and front yard. Additional driveway parking is also provided. Unit A has had recent updates, including a newer kitchen with refrigerator, oven, and dishwasher, along with newer carpet, vinyl, and bath finishes.
The property is located in Sweet Home, Oregon, in Linn County, on Osage St. The surrounding lot includes outdoor yard areas for both units, supporting a residential income setup. The zoning is listed as R1-LD.
For owner-occupants or investors, the duplex provides two income units with straightforward utilities. The owner pays for water and sewer and yard maintenance, while tenants pay for power and garbage. Unit B is noted as having a long-term tenant, which may appeal to buyers seeking some continuity in occupancy. Unit A’s updates and both units’ laundry hookups, garages, and outdoor space can support practical, tenant-friendly everyday living.
The property is located in Sweet Home, Oregon, in Linn County, on Osage St. The surrounding lot includes outdoor yard areas for both units, supporting a residential income setup. The zoning is listed as R1-LD.
For owner-occupants or investors, the duplex provides two income units with straightforward utilities. The owner pays for water and sewer and yard maintenance, while tenants pay for power and garbage. Unit B is noted as having a long-term tenant, which may appeal to buyers seeking some continuity in occupancy. Unit A’s updates and both units’ laundry hookups, garages, and outdoor space can support practical, tenant-friendly everyday living.
Key Highlights
- Duplex built in 1945 with 2 units, each 2 bedrooms and 1 bathroom (approx. 546 SF each)
- Each unit includes a 1‑car garage and washer/dryer hookups
- Unit A includes a recently updated kitchen with refrigerator, oven, and dishwasher, plus newer carpet, vinyl, and bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.1k | $13.80 |
| − Vacancy | −$344 | −$0.31 |
| EGI | $14.7k | $13.49 |
| − OpEx | −$4.4k | −$4.05 |
| NOI | $10.3k | $9.44 |
1,092 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two updated two-bedroom units, each with a one-car garage, plus yard space and in-unit laundry hookups.
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: Duplex built in 1945 with 2 units, each 2 bedrooms and 1 bathroom (approx. 546 SF each); Each unit includes a 1‑car garage and washer/dryer hookups; Unit A includes a recently updated kitchen with refrigerator, oven, and dishwasher, plus newer carpet, vinyl, and bath
