Duplex with Attached
For Sale
$639,900
690 E 1st Ave, Estacada, OR 97023
Two distinct living areas offer flexible multigenerational, guest, or rental-use arrangements.
Property Size2,680 SF
Price / SF$238.77
Days on Market88
Property Features for 690 E 1st Ave
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2020
Listing Agency:
Premiere Property Group, LLC
Listed By:
Jason Preuit · License #200408054
(503) 984-9887
Source:
Wyndeekono
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 15 at 1:03AM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
Built in 2020, this duplex pairs a four-bedroom main residence with an attached accessory dwelling unit. The primary home includes 2.5 baths, while the ADU provides two bedrooms, one bath, a separate entrance, full kitchen, living area, dedicated laundry room, and one-car garage. Across both residences, laminate flooring, quartz countertops, and stainless steel appliances create a consistent modern finish.
The backyard is divided into separate fenced sections, giving each living area its own outdoor space and supporting privacy between residences. Additional room may be available for RV parking. Located at 690 E 1st Ave in Estacada, Oregon, the property offers six bedrooms in total and can accommodate multigenerational living, guests, or separate occupancy arrangements.
The backyard is divided into separate fenced sections, giving each living area its own outdoor space and supporting privacy between residences. Additional room may be available for RV parking. Located at 690 E 1st Ave in Estacada, Oregon, the property offers six bedrooms in total and can accommodate multigenerational living, guests, or separate occupancy arrangements.
Key Highlights
- Attached ADU with private entrance and independent living space
- Main residence includes 4 bedrooms and 2.5 baths
- ADU features 2 bedrooms, 1 bath, full kitchen, laundry room, and 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,411
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,220
$688.2K
Cap Rate 7%
$491,586
$491.6K
Cap Rate 9%
$382,344
$382.3K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$65.9K $24.60/SF
− Vacancy
−$3.4K −$1.25/SF
EGI
$62.6K $23.35/SF
− OpEx
−$28.2K −$10.51/SF
NOI
$34.4K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,220
Cap Rate 7%
$491,586
Cap Rate 9%
$382,344
Alternative Uses
Best Use
Apartment 5plus
$491.6K
$430.1K – $573.5K
NOI $34,411 @ 7.0% cap · market cap 5.38%
Second Best
Multifamily LT 5
$480.9K
$420.8K – $561.1K
NOI $33,664 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,638 @ 7.0% cap · market cap 7.91%
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
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 97023, OR
11,676
Population
4,718
Households
2.5
Avg Household Size
42
Median Age
16%
College-Educated
93%
High-School Grad
196.5 sq mi
ZIP Area
59
Density / Sq Mi
$74,701
Median Household Income
$38,563
Median Earnings
$1,079
Median Rent
$530,800
Median Home Value
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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 - Two distinct living areas offer flexible multigenerational, guest, or rental-use arrangements.
Where is this duplex located?
The property is located at 690 E 1st Ave Estacada, OR.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Attached ADU with private entrance and independent living space; Main residence includes 4 bedrooms and 2.5 baths; ADU features 2 bedrooms, 1 bath, full kitchen, laundry room, and 1‑car garage
