Two-Unit Three-Bedroom
For Sale
$475,000
613 Valley Heart Ln, Central Point, OR 97502
Each residence features a three-bedroom, two-bathroom layout within a 2005-built duplex.
Property Size2,324 SF
Price / SF$204.39
Days on Market55
Property Features for 613 Valley Heart Ln
General Information
Standard status
Active
Size
2,324 SF
Property subtype
Multi-Family
Financials
Cap Rate
6%
Gross Income
$40,368
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty Southern Oregon
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 11 at 7:05AM
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 Southern Oregon
Investment Insights
Based on property information with market context.
This two-unit residential income property was built in 2005 and contains 2,324 square feet. Each unit offers three bedrooms and two bathrooms, creating a consistent configuration across the duplex.
The property is located at 613 Valley Heart Ln in Central Point, Oregon. A reported 6% capitalization rate provides an additional financial metric for evaluating the asset.
The property is located at 613 Valley Heart Ln in Central Point, Oregon. A reported 6% capitalization rate provides an additional financial metric for evaluating the asset.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit
- 2,324 square feet of total property size
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,905
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,100
$498.1K
Cap Rate 7%
$355,786
$355.8K
Cap Rate 9%
$276,722
$276.7K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$37.6K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$35.6K $15.31/SF
− OpEx
−$10.7K −$4.59/SF
NOI
$24.9K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,100
Cap Rate 7%
$355,786
Cap Rate 9%
$276,722
Alternative Uses
Best Use
Multifamily LT 5
$355.8K
$311.3K – $415.1K
NOI $24,905 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.3K
NOI $21,857 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$560.9K
$490.8K – $654.4K
NOI $39,266 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence features a three-bedroom, two-bathroom layout within a 2005-built duplex.
Where is this duplex located?
The property is located at 613 Valley Heart Ln Central Point, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit; 2,324 square feet of total property size; Built in 2005
