Vacant Triplex with Detached
671 FLORENCE Ave Astoria, OR 97103
671 FLORENCE Ave, Astoria, OR, 97103
$549,900
For Sale
$549,900
MULTI_FAMILY - Astoria, OR
Property Size3,252 SF
Lot Size0.11 Acres
Price / SF$169.10
Days on Market49
Property Features for 671 FLORENCE Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1
- Standard status
- Active
- APN
- 26420
- Size
- 3,252 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- TAYLORS LT 16 BLK 33
- Tax Annual Amount
- 3528
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1918
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Composition
Listing agency
eXp Realty LLC
(888) 814-9613
Listed by
Bree Phillips · License #200512012
(503) 440-7679
Added: Jun 3 Updated: Jul 17 at 2:50PM Checked: Jul 21 at 10:06AM
MLS# 697637987
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Vacant triplex at 671 Florence Ave in Astoria, OR, offering three separate units within a Craftsman-style setting. The property features architectural detailing, built-ins, and knee bracing, and it includes a detached garage for added storage and off-street parking.
Fresh exterior paint was completed in May 2026, giving the building a maintained appearance and reducing immediate exterior maintenance needs. Zoning is listed as R3.
With three units and dedicated separate spaces, the configuration is well-suited for an owner-occupant or an investor seeking a multi-unit residential income property.
Fresh exterior paint was completed in May 2026, giving the building a maintained appearance and reducing immediate exterior maintenance needs. Zoning is listed as R3.
With three units and dedicated separate spaces, the configuration is well-suited for an owner-occupant or an investor seeking a multi-unit residential income property.
Key Highlights
- Vacant triplex with 3 units at 671 Florence Ave
- Detached garage plus off‑street parking
- Craftsman details including built‑ins, architectural detailing, and knee bracing
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $13.80 |
| − Vacancy | −$11.5k | −$3.54 |
| EGI | $33.4k | $10.26 |
| − OpEx | −$10.0k | −$3.08 |
| NOI | $23.4k | $7.18 |
3,252 SF · lease $13.80/SF/yr · vacancy 25.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.7K
$292.0K – $389.3K
NOI $23,357 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$302.2K
$264.4K – $352.5K
NOI $21,152 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$945.5K
$827.3K – $1.10M
NOI $66,185 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Vacant three-unit triplex with Craftsman character, built-ins, and a detached garage with off-street parking.
Where is this triplex located?
The property is located at 671 FLORENCE Ave Astoria, OR.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Vacant triplex with 3 units at 671 Florence Ave; Detached garage plus off‑street parking; Craftsman details including built‑ins, architectural detailing, and knee bracing
