Renovated Duplex on Corner
796 South R Street Cottage Grove, OR 97424
For Sale
$550,000
Fully renovated duplex on a large corner lot with updated kitchens, bathrooms, and new ductless HVAC units.
Property Size1,942 SF
Price / SF$283.21
Days on Market107
Property Features for 796 South R Street
General Information
- Standard status
- Active
- Size
- 1,942 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing Agency:
Kinected Realty LLC
(541) 731-3004
Listed By:
Jena Shaw · License #201247367
(541) 731-3004
Source:
Compass
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 23 at 8:48AM
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 fully renovated duplex offers two mirror-image units with comprehensive updates throughout. Improvements include fully remodeled kitchens and bathrooms, new flooring, fresh interior and exterior paint, and new ductless HVAC units on both sides. The property also features new septic lines and is presented as move-in ready. Unit 796 is available for immediate occupancy.
The duplex sits on a large corner lot in a desirable neighborhood. Unit 798 is currently month-to-month and is described as being at below market rent; tenants at 798 should not be disturbed.
For buyers seeking a turnkey residential income property, the layout provides two separate, updated units in a single package, with current occupancy information available for Unit 796 and month-to-month status noted for Unit 798.
The duplex sits on a large corner lot in a desirable neighborhood. Unit 798 is currently month-to-month and is described as being at below market rent; tenants at 798 should not be disturbed.
For buyers seeking a turnkey residential income property, the layout provides two separate, updated units in a single package, with current occupancy information available for Unit 796 and month-to-month status noted for Unit 798.
Key Highlights
- Fully renovated duplex with mirror‑image 2‑story layout on a large corner lot
- Updates include fully remodeled kitchens and bathrooms in both units
- New ductless HVAC units installed on both sides
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $15.00 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $27.2k | $14.03 |
| − OpEx | −$8.2k | −$4.21 |
| NOI | $19.1k | $9.82 |
1,942 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.4K
$238.3K – $317.8K
NOI $19,066 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$491.3K
$429.9K – $573.2K
NOI $34,391 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated duplex on a large corner lot with updated kitchens, bathrooms, and new ductless HVAC units.
Where is this duplex located?
The property is located at 796 South R Street Cottage Grove, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully renovated duplex with mirror‑image 2‑story layout on a large corner lot; Updates include fully remodeled kitchens and bathrooms in both units; New ductless HVAC units installed on both sides
