Duplex with Bonus
New
For Sale
$379,000
785 S 6TH St, Harrisburg, OR 97446
MultiFamily, Harrisburg, OR
Property Size1,928 SF
Lot Size0.62 Acres
Price / SF$196.58
Days on Market4
Property Features for 785 S 6TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Elementary school
Harrisburg
Middle school
Harrisburg
High school
Harrisburg
Directions
Hwy 99E to LaSalle to 6th St. Or Coburg Rd. becomes 6th St.
Subdivision
_221
Standard status
Active
APN
0871918
Size
1,928 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
15S04W15BC
Tax Annual Amount
4704
Legal Description
15S04W15BC
Utilities
Heating system
Natural Gas
Building Details
Year built
1998
Floors in Building
1
Number of units
2
Roof type
Shingle, Composition
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Clark Caswell
(541) 579-3611
Added: Oct 21
Last Checked: Oct 24 at 9:06PM
MLS# 478093066
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.
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Investment Insights
Based on property information with market context.
This 1998 duplex in Harrisburg contains two 964-square-foot residences, each currently configured with one bedroom. Bonus areas in both units provide additional interior space. The property has a 0.62-acre lot, new exterior paint, and a newer roof.
Located at 785 S 6TH St, the property is zoned R-3.
Located at 785 S 6TH St, the property is zoned R-3.
Key Highlights
- Two residences, each measuring 964 square feet
- 0.62‑acre lot
- Both units have bonus space in addition to one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,200
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,000
$364.0K
Cap Rate 7%
$260,000
$260.0K
Cap Rate 9%
$202,222
$202.2K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$26.6K $13.80/SF
− Vacancy
−$607 −$0.31/SF
EGI
$26.0K $13.49/SF
− OpEx
−$7.8K −$4.05/SF
NOI
$18.2K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,000
Cap Rate 7%
$260,000
Cap Rate 9%
$202,222
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.3K
NOI $18,200 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,766 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$561.7K
$491.5K – $655.3K
NOI $39,316 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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Business Placement
Demographics for 97446, OR
5,067
Population
1,887
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
93%
High-School Grad
123.0 sq mi
ZIP Area
41
Density / Sq Mi
$72,065
Median Household Income
$44,363
Median Earnings
$1,172
Median Rent
$318,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences include additional bonus areas and separate living space.
Where is this duplex located?
The property is located at 785 S 6TH St Harrisburg, OR.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two residences, each measuring 964 square feet; 0.62‑acre lot; Both units have bonus space in addition to one bedroom
