Updated Two-Unit
For Sale
$524,900
796 S R St, Cottage Grove, OR 97424
Mirror-image residences feature refreshed interiors, ductless HVAC, and separate two-bedroom layouts.
Property Size1,942 SF
Price / SF$270.29
Days on Market41
Property Features for 796 S R St
General Information
Standard status
Active
Size
1,942 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Kinected Realty LLC
(541) 731-3004
Listed By:
Jena Shaw · License #201247367
Source:
Evokepropertypartners
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 12:02PM
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 Kinected Realty LLC
Investment Insights
Based on property information with market context.
This 1,942-square-foot duplex contains two mirror-image residences, each with 2 bedrooms and 1.5 bathrooms. The property was built in 1979 and has been updated with new kitchens, remodeled bathrooms, flooring, interior paint, ductless HVAC, and new septic lines.
One side, identified as 798, is vacant, while the address for the property is 796 S R St in Cottage Grove, Oregon. The improvements support both owner-occupancy and income-property use without relying on uncompleted renovation work.
One side, identified as 798, is vacant, while the address for the property is 796 S R St in Cottage Grove, Oregon. The improvements support both owner-occupancy and income-property use without relying on uncompleted renovation work.
Key Highlights
- Two‑unit duplex with 1,942 square feet
- Each side offers 2 bedrooms and 1.5 bathrooms
- New kitchens and remodeled bathrooms
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
$19,066
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
3.63%
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%
$381,320
$381.3K
Cap Rate 7%
$272,371
$272.4K
Cap Rate 9%
$211,844
$211.8K
Market Conditions
NOI Build-Up for 1,942 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
$29.1K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.2K $14.03/SF
− OpEx
−$8.2K −$4.21/SF
NOI
$19.1K $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 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%
$381,320
Cap Rate 7%
$272,371
Cap Rate 9%
$211,844
Alternative Uses
Best Use
Multifamily LT 5
$272.4K
$238.3K – $317.8K
NOI $19,066 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$491.3K
$429.9K – $573.2K
NOI $34,391 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
229
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
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 - Mirror-image residences feature refreshed interiors, ductless HVAC, and separate two-bedroom layouts.
Where is this duplex located?
The property is located at 796 S R St Cottage Grove, OR.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,942 square feet; Each side offers 2 bedrooms and 1.5 bathrooms; New kitchens and remodeled bathrooms
