Duplex With Update
For Sale
$700,000
740 E Cascade Ave, Sisters, OR 97759
Two-unit residential property with one owner-occupied residence and a separately rented unit.
Property Size2,379 SF
Price / SF$294.24
Days on Market82
Property Features for 740 E Cascade Ave
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Multi-Family
Building Details
Year Built
2002
Listing Agency:
Bend River Realty Inc
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Aug 13
Changed: Nov 1
Last Checked: Nov 1 at 4:57AM
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 Bend River Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex includes two residential units, with one currently occupied by the owner and the other leased to a tenant. The property offers an existing rental component along with the opportunity for cosmetic updates and other improvements.
Located at 720 E Cascade Avenue in Sisters, Oregon, the property provides a residential income configuration for an owner-occupant or buyer seeking a two-unit asset. Current occupancy and the separate rental arrangement are established, while the source information identifies potential for property updates.
Located at 720 E Cascade Avenue in Sisters, Oregon, the property provides a residential income configuration for an owner-occupant or buyer seeking a two-unit asset. Current occupancy and the separate rental arrangement are established, while the source information identifies potential for property updates.
Key Highlights
- Two‑unit duplex configuration
- One unit is owner occupied
- Separate unit is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,373
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,460
$667.5K
Cap Rate 7%
$476,757
$476.8K
Cap Rate 9%
$370,811
$370.8K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$51.4K $21.60/SF
− Vacancy
−$3.7K −$1.56/SF
EGI
$47.7K $20.04/SF
− OpEx
−$14.3K −$6.01/SF
NOI
$33.4K $14.03/SF
Area
Deschutes County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,460
Cap Rate 7%
$476,757
Cap Rate 9%
$370,811
Alternative Uses
Best Use
Multifamily LT 5
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$435.2K
$380.8K – $507.8K
NOI $30,467 @ 7.0% cap · market cap 4.35%
Theoretical Best
Retail
$818.8K
$716.4K – $955.2K
NOI $57,313 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 97759, OR
7,787
Population
5,110
Households
1.5
Avg Household Size
55
Median Age
49%
College-Educated
95%
High-School Grad
545.7 sq mi
ZIP Area
14
Density / Sq Mi
$100,848
Median Household Income
$39,237
Median Earnings
$1,402
Median Rent
$695,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one owner-occupied residence and a separately rented unit.
Where is this duplex located?
The property is located at 740 E Cascade Ave Sisters, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; One unit is owner occupied; Separate unit is currently rented
