Duplex with Unfinished
New
For Sale
$279,000
810 SW 10TH St, Pendleton, OR 97801
MultiFamily, Pendleton, OR
Property Size3,044 SF
Price / SF$91.66
Days on Market3
Property Features for 810 SW 10TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
View
City
Middle school
Sunridge
High school
Pendleton
Directions
gps
Subdivision
_435
Standard status
Active
APN
110620
Size
3,044 SF
Taxes and HOA fees
Tax Description
on file
Tax Annual Amount
2018
Legal Description
on file
Utilities
Heating system
Baseboard
Cooling system
Window Unit(s)
Amenities
private view deck
off street parking
Building Details
Year built
1980
Number of units
2
Listing Agency:
Realty First
(503) 343-5825
Listed By:
Matthew Vogler · License #200606361
(541) 377-9470
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 2:06AM
MLS# 498507773
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.
This 3,044-square-foot duplex, built in 1980, contains two single-level residences. Each unit has 2 bedrooms, 1 bathroom, and a private view deck. The building has a modern roof, vinyl windows, baseboard heating, and window unit cooling, while the interior finishes are in average condition. An unfinished basement provides additional space that could support storage, recreation areas, or expansion of the existing units, subject to applicable requirements.
One residence is occupied by a long-term tenant receiving a rent adjustment, and the other is scheduled to be vacant at closing. The property also includes off-street parking and is zoned R2.
One residence is occupied by a long-term tenant receiving a rent adjustment, and the other is scheduled to be vacant at closing. The property also includes off-street parking and is zoned R2.
Key Highlights
- Two single‑level units, each with 2 bedrooms, 1 bathroom, and a private view deck
- 3,044 square feet on a 0.18‑acre lot
- Unfinished basement with potential for storage, recreation space, or unit expansion
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
497
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 units offer private decks, off-street parking, and flexible occupancy for an owner or tenant placement.
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, 1 bathroom, and a private view deck; 3,044 square feet on a 0.18‑acre lot; Unfinished basement with potential for storage, recreation space, or unit expansion
