Tri-Level Duplex with
For Sale
$729,000
720 HOLLY Ave, Cottage Grove, OR 97424
MultiFamily, CottageGrove, OR
Property Size2,720 SF
Price / SF$268.01
Days on Market100
Property Features for 720 HOLLY Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4
View
Golf Course
Elementary school
Bohemia
Middle school
Lincoln
High school
Cottage Grove
Directions
N River Rd, right on Holly to property
Subdivision
_235
Standard status
Active
APN
1548252
Size
2,720 SF
Taxes and HOA fees
Tax Description
20-03-28-20-01227
Tax Annual Amount
6129
Legal Description
20-03-28-20-01227
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
wet bar
backup gas generator
laundry units
Building Details
Year built
1998
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
Premiere Property Group LLC
(503) 670-9000
Listed By:
Erin Donahoe
(541) 225-8823
Added: Jul 8
Changed: Oct 13
Last Checked: Oct 15 at 12:06PM
MLS# 590482589
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.
This 2,720-square-foot, tri-level duplex was built in 1998 and includes four bedrooms, a bonus room, and an unfinished basement. The lower level has a kitchenette and laundry, while a second laundry area is located on the main floor. Interior improvements include Acacia hardwood flooring in the main living area, updated kitchen cabinetry and quartz countertops, stainless steel appliances, and a remodeled primary bathroom with a walk-in closet. A gas backup generator is also installed.
The property is zoned R-1 and has heat-pump heating and cooling. The roof is composition.
The property is zoned R-1 and has heat-pump heating and cooling. The roof is composition.
Key Highlights
- 2,720 square feet across three levels
- Lower‑level kitchenette and laundry, with a separate laundry area on the main floor
- Four bedrooms, a bonus room, and an unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,704
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,080
$534.1K
Cap Rate 7%
$381,486
$381.5K
Cap Rate 9%
$296,711
$296.7K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$40.8K $15.00/SF
− Vacancy
−$2.7K −$0.98/SF
EGI
$38.1K $14.03/SF
− OpEx
−$11.4K −$4.21/SF
NOI
$26.7K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,080
Cap Rate 7%
$381,486
Cap Rate 9%
$296,711
Alternative Uses
Best Use
Multifamily LT 5
$381.5K
$333.8K – $445.1K
NOI $26,704 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$355.1K
$310.7K – $414.3K
NOI $24,859 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,169 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
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 - A lower-level kitchenette and laundry, plus a second laundry area on the main floor, support separation between living spaces.
Where is this duplex located?
The property is located at 720 HOLLY Ave Cottage Grove, OR.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 2,720 square feet across three levels; Lower‑level kitchenette and laundry, with a separate laundry area on the main floor; Four bedrooms, a bonus room, and an unfinished basement
