Duplex with Shared
805-815 4th Avenue Sweet Home, OR 97386
805-815 4th Avenue, Sweet Home, OR, 97386
$369,000
For Sale
$369,000
Two residences on one tax lot share a 4-car carport and covered storage areas, with one unit recently renovated.
Property Size1,299 SF
Price / SF$284.06
Days on Market82
Property Features for 805-815 4th Avenue
General Information
- Standard status
- Active
- Size
- 1,299 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing agency
Keller Williams Realty Mid Willamette
(541) 409-2106
Listed by
Sherri Gregory · License #970300073
(541) 409-2106
Source
Compass
Added: May 3 Updated: Jul 22 at 10:44PM Checked: Jul 22 at 10:44PM
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 Keller Williams Realty Mid Willamette
Investment Insights
Based on property information with market context.
This duplex offers two separate homes on a single tax lot, with both residences sharing a 4-car carport and covered storage areas. The front home (805) has been recently and extensively renovated and features 2 bedrooms and 1 bath. The back home (815) is a larger residence with 3+ bedrooms and 1 bath and is currently occupied by long-term tenants generating rental income.
The property is located at 805–815 4th Avenue in Sweet Home, Oregon. The front home is available for viewing.
From a practical standpoint, the layout supports separate living arrangements while retaining shared exterior parking and storage conveniences.
The property is located at 805–815 4th Avenue in Sweet Home, Oregon. The front home is available for viewing.
From a practical standpoint, the layout supports separate living arrangements while retaining shared exterior parking and storage conveniences.
Key Highlights
- Two homes on a single tax lot share a 4‑car carport and separate covered storage areas
- Front home (805): 1,031 sq ft, 2 bed/1 bath, recently and extensively renovated
- Back home (815): 1,299 sq ft, 3+ bed/1 bath, currently occupied by long‑term tenants
Local 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 | $17.9k | $13.80 |
| − Vacancy | −$409 | −$0.31 |
| EGI | $17.5k | $13.49 |
| − OpEx | −$5.3k | −$4.05 |
| NOI | $12.3k | $9.44 |
1,299 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$175.2K
$153.3K – $204.4K
NOI $12,262 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$161.4K
$141.2K – $188.3K
NOI $11,296 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$378.4K
$331.1K – $441.5K
NOI $26,490 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residences on one tax lot share a 4-car carport and covered storage areas, with one unit recently renovated.
Where is this duplex located?
The property is located at 805-815 4th Avenue Sweet Home, OR.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two homes on a single tax lot share a 4‑car carport and separate covered storage areas; Front home (805): 1,031 sq ft, 2 bed/1 bath, recently and extensively renovated; Back home (815): 1,299 sq ft, 3+ bed/1 bath, currently occupied by long‑term tenants
