New-Construction
602-608 NE Kerns Dr, Dallas, OR 97338
For Sale
$749,800
Pending
Two matching residences offer private outdoor space, durable finishes, and central air conditioning.
Property Size2,666 SF
Days on Market52
Property Features for 602-608 NE Kerns Dr
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
fully fenced backyard
luxury vinyl plank flooring
hard-surface counters
9-ft ceilings
energy-efficient furnace with central AC
private back porch
Building Details
Year Built
Listing Agency:
Keller Williams Realty -Albany
(541) 740-7752
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 7:47AM
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 Keller Williams Realty -Albany
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Investment Insights
Based on property information with market context.
Completed in 2025, this 2,666-square-foot duplex contains two matching units designed with practical residential finishes and separate outdoor areas. Each residence includes a fully fenced backyard, a private back porch, luxury vinyl plank flooring, hard-surface countertops, and 9-foot ceilings. Heating and cooling are provided by an energy-efficient furnace and central AC, while off-street parking supports everyday resident use.
The property is located at 602-608 NE Kerns Dr in Dallas, Oregon, with open scenery viewed from the rear porches. The two-unit configuration provides a straightforward small-scale rental property with consistent layouts and shared physical characteristics across both residences.
The property is located at 602-608 NE Kerns Dr in Dallas, Oregon, with open scenery viewed from the rear porches. The two-unit configuration provides a straightforward small-scale rental property with consistent layouts and shared physical characteristics across both residences.
Key Highlights
- 2,666‑square‑foot duplex completed in 2025
- Two identical residential units
- Fully fenced backyard serving each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,019
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,380
$640.4K
Cap Rate 7%
$457,414
$457.4K
Cap Rate 9%
$355,767
$355.8K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$48.9K $18.36/SF
− Vacancy
−$3.2K −$1.20/SF
EGI
$45.7K $17.16/SF
− OpEx
−$13.7K −$5.15/SF
NOI
$32.0K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,380
Cap Rate 7%
$457,414
Cap Rate 9%
$355,767
Alternative Uses
Best Use
Multifamily LT 5
$457.4K
$400.2K – $533.7K
NOI $32,019 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$421.2K
$368.6K – $491.5K
NOI $29,487 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$707.8K
$619.4K – $825.8K
NOI $49,549 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private outdoor space, durable finishes, and central air conditioning.
Where is this duplex located?
The property is located at 602-608 NE Kerns Dr Dallas, OR.
What is the asking price?
The asking price for this property is $749,800.
What are key features of this property?
This property features: 2,666‑square‑foot duplex completed in 2025; Two identical residential units; Fully fenced backyard serving each unit
