Duplex with Upper
For Sale
$265,000
608 SE 7th St, Pendleton, OR 97801
Two-unit property with deck space, basement storage, updated flooring, and separate utility responsibilities for occupants.
Property Size2,688 SF
Price / SF$98.59
Days on Market54
Property Features for 608 SE 7th St
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Coldwell Banker Farley Company
Listed By:
Marsha Morgan · License #930900241
(541) 276-0021
Source:
Evokepropertypartners
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 7 at 4:46PM
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 Coldwell Banker Farley Company
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Investment Insights
Based on property information with market context.
Built in 1977, this 2,688-square-foot duplex includes bedrooms and kitchens in each unit, along with upper deck space. Basement storage and a utility room provide additional functional area, with direct access from the utility room to the backyard. The units share the backyard, and newer appliances remain with the property.
Interior features include vinyl plank flooring, wall-mounted AC units, and radiant ceiling heat. The home is all electric, while tenants pay their own utilities and the seller pays the water bill. Occupants are in place, providing an existing residential income configuration.
Interior features include vinyl plank flooring, wall-mounted AC units, and radiant ceiling heat. The home is all electric, while tenants pay their own utilities and the seller pays the water bill. Occupants are in place, providing an existing residential income configuration.
Key Highlights
- 2,688‑square‑foot duplex built in 1977
- Bedrooms and kitchens provided in each unit
- Upper deck space and shared backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,531
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,620
$250.6K
Cap Rate 7%
$179,014
$179.0K
Cap Rate 9%
$139,233
$139.2K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$19.4K $7.20/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$17.9K $6.66/SF
− OpEx
−$5.4K −$2.00/SF
NOI
$12.5K $4.66/SF
Area
Umatilla County, OR
Vacancy
7.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,620
Cap Rate 7%
$179,014
Cap Rate 9%
$139,233
Alternative Uses
Best Use
Multifamily LT 5
$179.0K
$156.6K – $208.9K
NOI $12,531 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,549 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$562.7K
$492.4K – $656.5K
NOI $39,388 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
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Business Placement
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
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-unit property with deck space, basement storage, updated flooring, and separate utility responsibilities for occupants.
Where is this duplex located?
The property is located at 608 SE 7th St Pendleton, OR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,688‑square‑foot duplex built in 1977; Bedrooms and kitchens provided in each unit; Upper deck space and shared backyard
