Six-Bedroom Duplex with
New
For Sale
$615,000
789 WHITHAM Way, Harrisburg, OR 97446
MultiFamily, Harrisburg, OR
Property Size3,154 SF
Lot Size0.20 Acres
Price / SF$194.99
Days on Market6
Property Features for 789 WHITHAM Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 6, Bedroom 6, Bathroom 4, Bedroom 5, Bathroom 1, Bathroom 5, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3
Elementary school
Harrisburg
Middle school
Harrisburg
High school
Harrisburg
Directions
From Coburg rd, Right on Sommerville lp, Left on Spurlock st, Left on Whitham Way
Subdivision
_221
Standard status
Active
APN
0905214
Size
3,154 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
15S04W15CB
Tax Annual Amount
6096
Legal Description
15S04W15CB
Utilities
Heating system
Forced Air
Cooling system
Heat Pump
Amenities
LVP flooring
walk-in closets
private bath
forced-air heating and air conditioning
sliding doors
private backyard patio
brand-new fencing
interior laundry
storage shed
Building Details
Year built
2007
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
John L. Scott Eugene
(541) 687-1415
Listed By:
Amber Combs
(541) 606-3949
Added: Sep 12
Changed: Sep 14
Last Checked: Sep 17 at 8:06AM
MLS# 174590984
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.
Built in 2007, this 3,154-square-foot duplex contains two three-bedroom residences, each with 2.5 bathrooms, spacious living areas, LVP flooring, and two walk-in closets. Both units include a primary suite with a private bath, interior laundry near the half bath, forced-air heat, and heat-pump cooling. Sliding doors connect each residence to its own fenced patio and backyard area, while separate two-car attached garages provide four garage spaces in total. One side also includes a 10x12 storage shed wired for power.
Recent improvements include a brand-new roof and new fencing. The 0.2-acre property is zoned R-2 and offers six bedrooms, four bathrooms, separate outdoor areas, and two distinct floor plans. Its configuration supports multigenerational living, an owner-occupant arrangement, or continued rental use.
Recent improvements include a brand-new roof and new fencing. The 0.2-acre property is zoned R-2 and offers six bedrooms, four bathrooms, separate outdoor areas, and two distinct floor plans. Its configuration supports multigenerational living, an owner-occupant arrangement, or continued rental use.
Key Highlights
- 3,154‑square‑foot duplex with two three‑bedroom, 2.5‑bath residences
- Each unit includes an attached two‑car garage, totaling four garage spaces
- 0.2‑acre property zoned R‑2
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,773
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,460
$595.5K
Cap Rate 7%
$425,329
$425.3K
Cap Rate 9%
$330,811
$330.8K
Market Conditions
NOI Build-Up for 3,154 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.5K $13.80/SF
− Vacancy
−$992 −$0.31/SF
EGI
$42.5K $13.49/SF
− OpEx
−$12.8K −$4.05/SF
NOI
$29.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,460
Cap Rate 7%
$425,329
Cap Rate 9%
$330,811
Alternative Uses
Best Use
Multifamily LT 5
$425.3K
$372.2K – $496.2K
NOI $29,773 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$391.8K
$342.9K – $457.1K
NOI $27,428 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$918.8K
$804.0K – $1.07M
NOI $64,317 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged residences offer private outdoor areas, attached parking, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 789 WHITHAM Way Harrisburg, OR.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 3,154‑square‑foot duplex with two three‑bedroom, 2.5‑bath residences; Each unit includes an attached two‑car garage, totaling four garage spaces; 0.2‑acre property zoned R‑2
