Building Details

Year Built 1900

Listing Agency: Willcuts Company Real Estate

Listed By: Zach Bernards · License #201225594 Show Phone

Source: Wisser

Added: Aug 19 Changed: Sep 14 Last Checked: Oct 12 at 10:22PM

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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 Willcuts Company Real Estate

Investment Insights

Based on property information with market context.

This 1,381-square-foot duplex contains two separate residences: a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. One residence is vacant, while the property also includes a detached storage shed serving one unit and separate driveways for both. Improvements include quartz countertops, renovated bathrooms, and laminate flooring. The roof, exterior paint, and interior paint were completed within the last five years. Built in 1900, the property is configured for residential income use with distinct living spaces and access points.

The duplex is within walking distance of Linfield University and Downtown McMinnville. The address is 813 SE Ford St, McMinnville, OR 97128.

Key Highlights

• 1,381 SF duplex with a 2‑bedroom, 1‑bath unit and a 1‑bedroom, 1‑bath unit
• One unit is vacant
• Separate driveways serve both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,732

Cap Rate

4.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$354,640 $354.6K

Cap Rate 7%

$253,314 $253.3K

Cap Rate 9%

$197,022 $197.0K

Market Conditions

NOI Build-Up for 1,381 SF

Gross rent

$34.0K $24.60/SF

− Vacancy

−$1.7K −$1.25/SF

EGI

$32.2K $23.35/SF

− OpEx

−$14.5K −$10.51/SF

NOI

$17.7K $12.84/SF

Area

Yamhill County, OR

Vacancy

5.10%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$354,640

Cap Rate 7%

$253,314

Cap Rate 9%

$197,022

Alternative Uses

Best Use

Apartment 5plus

$253.3K

$221.7K – $295.5K (±1% cap)

NOI $17,732 @ 7.0% cap · market cap 4.04%

Second Best

Multifamily LT 5

$217.3K

$190.2K – $253.6K (±1% cap)

NOI $15,214 @ 7.0% cap · market cap 3.47%

Theoretical Best

Office A

$372.8K

$326.2K – $434.9K (±1% cap)

NOI $26,094 @ 7.0% cap · market cap 5.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,319

Businesses Nearby

Explore this area Business Placement

Demographics for 97128, OR

38,394

Population

15,291

Households

2.5

Avg Household Size

40

Median Age

28%

College-Educated

88%

High-School Grad

112.2 sq mi

ZIP Area

342

Density / Sq Mi

$72,055

Median Household Income

$37,427

Median Earnings

$1,295

Median Rent

$419,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two distinct residences include refreshed finishes, independent access, and one currently vacant unit.

Where is this duplex located?

The property is located at 813 SE Ford St McMinnville, OR.

What is the asking price?

The asking price for this property is $439,000.

What are key features of this property?

This property features: 1,381 SF duplex with a 2‑bedroom, 1‑bath unit and a 1‑bedroom, 1‑bath unit; One unit is vacant; Separate driveways serve both units