Duplex with Cosmetic Updates
For Sale
$700,000
740 E Cascade Avenue, Sisters, OR 97759
Residential Income, Sisters, OR
Property Size2,379 SF
Lot Size0.14 Acres
Price / SF$294.24
Days on Market103
Property Features for 740 E Cascade Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R
Elementary school
Sisters Elem
Middle school
Sisters Middle
High school
Sisters High
Standard status
Active
APN
205364
Size
2,379 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6202
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
2002
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl
Roof type
Composition
Listing Agency:
Stellar Realty Northwest
(541) 508-3148
Listed By:
Eric Bilderback
(541) 508-9672
Added: Jul 20
Changed: Oct 20
Last Checked: Oct 30 at 8:06AM
MLS# 220225697
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 2,379 square feet and was built in 2002. The property includes vinyl and laminate flooring, baseboard heating, a composition roof, public water, and public sewer. Cosmetic repairs and updates are identified as needed, providing a clear path for improvements within the existing residential income format.
One unit is owner-occupied, while the other unit is currently rented. The property sits on a 0.14-acre lot in Sisters, Oregon, with the address at 740 E Cascade Avenue. Its two-unit configuration supports continued residential use with separate occupancy arrangements.
One unit is owner-occupied, while the other unit is currently rented. The property sits on a 0.14-acre lot in Sisters, Oregon, with the address at 740 E Cascade Avenue. Its two-unit configuration supports continued residential use with separate occupancy arrangements.
Key Highlights
- Duplex with 2,379 square feet of building area
- Built in 2002 on a 0.14‑acre lot
- One unit is owner‑occupied; the other 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
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with public water and sewer, baseboard heat, and a 2002 construction date.
Where is this duplex located?
The property is located at 740 E Cascade Avenue 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: Duplex with 2,379 square feet of building area; Built in 2002 on a 0.14‑acre lot; One unit is owner‑occupied; the other is currently rented
