Three-Duplex Residential Income
816 West E Vernonia, OR 97064
816 West E, Vernonia, OR, 97064
$1,950,000
For Sale
$1,950,000
Built in 2024, this three-duplex package includes three fully occupied units with modern finishes and private garages.
Property Size9,840 SF
Price / SF$198.17
Days on Market283
Property Features for 816 West E
General Information
- Standard status
- Active
- Size
- 9,840 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2024
Listing agency
Vitality Home Realty
Listed by
Parvaneh Kalantari
(877) 319-7625
Source
Century21northhomes
Added: Oct 13, 2025 Updated: Jul 21 at 9:57PM Checked: Jul 21 at 9:57PM
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 Vitality Home Realty
Investment Insights
Based on property information with market context.
Built in 2024, the Vernonia Duplexes consists of three fully occupied duplex units, each offering large three-bedroom, two-bathroom layouts with open floor plans. Interiors include hard-surface countertops, flush-mount sinks, and stainless steel appliances, along with air conditioning and dual heat sources. Each unit also includes a garage and a deck.
The property is located near downtown Vernonia.
The duplexes are comprised of three tax lots, giving a buyer the opportunity to obtain residential financing for each duplex and a future option to sell the duplexes individually.
The property is located near downtown Vernonia.
The duplexes are comprised of three tax lots, giving a buyer the opportunity to obtain residential financing for each duplex and a future option to sell the duplexes individually.
Key Highlights
- Built in 2024, three fully occupied duplex units in the Vernonia Duplexes package
- Each duplex offers large 3‑bedroom, 2‑bath layouts
- Modern finishes in each unit include hardsurface countertops, flush mount sinks, and stainless steel appliances
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 | $218.4k | $22.20 |
| − Vacancy | −$13.5k | −$1.37 |
| EGI | $205.0k | $20.83 |
| − OpEx | −$61.5k | −$6.25 |
| NOI | $143.5k | $14.58 |
9,840 SF · lease $22.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.05M
$1.79M – $2.39M
NOI $143,479 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$1.80M
$1.58M – $2.11M
NOI $126,345 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,924 @ 7.0% cap · market cap 9.53%
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 - Built in 2024, this three-duplex package includes three fully occupied units with modern finishes and private garages.
Where is this duplex located?
The property is located at 816 West E Vernonia, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Built in 2024, three fully occupied duplex units in the Vernonia Duplexes package; Each duplex offers large 3‑bedroom, 2‑bath layouts; Modern finishes in each unit include hardsurface countertops, flush mount sinks, and stainless steel appliances
