Two-Unit Duplex with
For Sale
$349,900
5351 Osage St, Sweet Home, OR 97386
Multi Family, Sweet Home, OR
Property Size1,092 SF
Lot Size0.15 Acres
Price / SF$320.42
Days on Market210
Property Features for 5351 Osage St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1-LD
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Lot features
Lot: 1
View
Territorial
Elementary school
Foster
Middle school
Sweet Home
High school
Sweet Home
Directions
Santiam Hwy 20, Left 54th, Corner Osage
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
Vinyl, Carpet
Roof type
Other
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
CHRISTINE KITES
(541) 231-4535
Added: Mar 30
Changed: Oct 20
Last Checked: Oct 25 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,092-square-foot duplex contains two residences of approximately 546 square feet each, with two bedrooms and one bathroom per unit. Both have wall-furnace heat, washer/dryer hookups, and a one-car garage. The property occupies a 0.15-acre lot and was built in 1945.
One unit is vacant and has a refreshed kitchen with a refrigerator, oven, and dishwasher, along with newer carpet, vinyl flooring, and bathroom finishes. The other unit has a long-term tenant. Zoning is R1-LD.
One unit is vacant and has a refreshed kitchen with a refrigerator, oven, and dishwasher, along with newer carpet, vinyl flooring, and bathroom finishes. The other unit has a long-term tenant. Zoning is R1-LD.
Key Highlights
- Two residences of approximately 546 SF each; 1,092 SF total
- Each unit has two bedrooms, one bathroom, a one‑car garage, and washer/dryer hookups
- Vacant unit features an updated kitchen with refrigerator, oven, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,308
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a private one-car garage and washer/dryer 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: Two residences of approximately 546 SF each; 1,092 SF total; Each unit has two bedrooms, one bathroom, a one‑car garage, and washer/dryer hookups; Vacant unit features an updated kitchen with refrigerator, oven, and dishwasher
