Duplex with Permitted
For Sale
$660,000
5433 S David Way, Prineville, OR 97754
Two separate residences combine a remodeled primary home with a newly built accessory dwelling unit.
Property Size2,206 SF
Price / SF$299.18
Days on Market133
Property Features for 5433 S David Way
General Information
Standard status
Active
Size
2,206 SF
Property subtype
Manufactured On Land
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,224
Amenities
rear deck
covered deck
garage
pellet stove
Building Details
Building Size
2,206 SF
Year Built
1999
Listing Agency:
Desert Sky Real Estate LLC
Listed By:
Jeffrey Casserly · License #200606059
(541) 550-6656
Source:
Brentkrebsrealty
Added: Jun 20
Changed: Oct 26
Last Checked: Oct 26 at 3:05PM
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 Desert Sky Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,206-square-foot duplex includes a remodeled 1,456-square-foot manufactured home with three bedrooms, two bathrooms, and a separate office. Improvements include a renovated kitchen, updated flooring and paint, new exterior siding, upgraded plumbing and electrical, a metal roof, and a 14 x 30 rear deck. The second residence is a newly constructed, fully permitted ADU with one bedroom and one bathroom. It has a modern kitchen, a large bathroom with a walk-in shower, a one-car garage, a 10 x 10 covered deck, appliances, and a pellet stove.
The property is near Prineville in a community of large-acreage parcels. The two residences provide distinct living spaces on one property.
The property is near Prineville in a community of large-acreage parcels. The two residences provide distinct living spaces on one property.
Key Highlights
- 2,206‑square‑foot duplex with a 1,456‑square‑foot primary residence
- Primary home has 3 bedrooms, 2 bathrooms, and a separate office
- Newly built, fully permitted ADU with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,947
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,940
$618.9K
Cap Rate 7%
$442,100
$442.1K
Cap Rate 9%
$343,856
$343.9K
Market Conditions
NOI Build-Up for 2,206 SF
Gross rent
$47.6K $21.60/SF
− Vacancy
−$3.4K −$1.56/SF
EGI
$44.2K $20.04/SF
− OpEx
−$13.3K −$6.01/SF
NOI
$30.9K $14.03/SF
Area
Crook County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,940
Cap Rate 7%
$442,100
Cap Rate 9%
$343,856
Alternative Uses
Best Use
Multifamily LT 5
$442.1K
$386.8K – $515.8K
NOI $30,947 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$403.6K
$353.1K – $470.9K
NOI $28,251 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$953.0K
$833.9K – $1.11M
NOI $66,709 @ 7.0% cap · market cap 10.11%
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
5
Businesses Nearby
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Business Placement
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
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 - Two separate residences combine a remodeled primary home with a newly built accessory dwelling unit.
Where is this duplex located?
The property is located at 5433 S David Way Prineville, OR.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 2,206‑square‑foot duplex with a 1,456‑square‑foot primary residence; Primary home has 3 bedrooms, 2 bathrooms, and a separate office; Newly built, fully permitted ADU with 1 bedroom and 1 bathroom
