Duplex With Unfinished
New
For Sale
$279,000
810 SW 10th St, Pendleton, OR 97801
Two single-level residences include private view decks, with one occupied unit and one scheduled for vacant delivery at closing.
Property Size3,044 SF
Price / SF$91.66
Days on Market2
Property Features for 810 SW 10th St
General Information
Standard status
Active
Size
3,044 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private view deck
off-street parking
Building Details
Year Built
1980
Listing Agency:
Realty First
Listed By:
Matthew Vogler · License #200606361
(541) 377-9470
Source:
Wyndeekono
Added: Sep 8
Last Checked: Sep 8 at 2:37PM
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 Realty First
Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two single-level residences, each with 2 bedrooms, 1 bathroom, and a private view deck. The property has a modern roof, vinyl windows, and interiors described as being in average condition. One residence is occupied by a long-term tenant, while the other is expected to be vacant at closing.
An unfinished basement adds substantial interior area for future planning, subject to applicable approvals. The space could support a potential third unit or expanded utility for the existing residences, including storage, recreation areas, or garage use. Off-street parking is also provided. The property is located at 810 SW 10th St in Pendleton, Oregon.
An unfinished basement adds substantial interior area for future planning, subject to applicable approvals. The space could support a potential third unit or expanded utility for the existing residences, including storage, recreation areas, or garage use. Off-street parking is also provided. The property is located at 810 SW 10th St in Pendleton, Oregon.
Key Highlights
- Two single‑level units, each with 2 bedrooms and 1 bathroom
- Private view deck provided for each residence
- Unfinished basement with potential for additional use, subject to approvals
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
$14,191
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
5.09%
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%
$283,820
$283.8K
Cap Rate 7%
$202,729
$202.7K
Cap Rate 9%
$157,678
$157.7K
Market Conditions
NOI Build-Up for 3,044 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
$21.9K $7.20/SF
− Vacancy
−$1.6K −$0.54/SF
EGI
$20.3K $6.66/SF
− OpEx
−$6.1K −$2.00/SF
NOI
$14.2K $4.66/SF
Area
Umatilla County, OR
Vacancy
7.50%
Lease Rate
$7.20 /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%
$283,820
Cap Rate 7%
$202,729
Cap Rate 9%
$157,678
Alternative Uses
Best Use
Multifamily LT 5
$202.7K
$177.4K – $236.5K
NOI $14,191 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$186.8K
$163.5K – $218.0K
NOI $13,079 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$637.2K
$557.6K – $743.4K
NOI $44,605 @ 7.0% cap · market cap 15.99%
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
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
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 - Two single-level residences include private view decks, with one occupied unit and one scheduled for vacant delivery at closing.
Where is this duplex located?
The property is located at 810 SW 10th St Pendleton, OR.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two single‑level units, each with 2 bedrooms and 1 bathroom; Private view deck provided for each residence; Unfinished basement with potential for additional use, subject to approvals
