4-Unit Multifamily Property with Updated
88096 6TH St, Veneta, OR 97487
For Sale
New
$720,000
MultiFamily, Veneta, OR
Property Size3,240 SF
Lot Size0.41 Acres
Price / SF$222.22
Days on Market2
Property Features for 88096 6TH St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
View
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
washer/dryer hook-up
outdoor storage
covered patio
Level 2 car charger
storage shed
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
Renee Swartz · License #960400135
(541) 302-4884
Added: Nov 8
Last Checked: Nov 9 at 3:06AM
MLS# 734421865
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.
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Investment Insights
Based on property information with market context.
This 1972-built multifamily property contains four units across 3,240 square feet. Improvements include vinyl windows, updated bathrooms, laminate, wood, and carpet flooring, plus interior and exterior repainting in 2021. Each unit has a newer water heater, and the property includes washer and dryer hookups. A composition roof, gutters, doors, and an outdoor storage shed are also part of the improvements.
The 0.41-acre parcel provides paved parking and a covered patio with adjacent outdoor storage. A Level 2 car charger is installed on site, and zoning is MDR. Two units are currently vacant; the property information also identifies an owner-occupant possibility.
The 0.41-acre parcel provides paved parking and a covered patio with adjacent outdoor storage. A Level 2 car charger is installed on site, and zoning is MDR. Two units are currently vacant; the property information also identifies an owner-occupant possibility.
Key Highlights
- Four units in a 3,240‑square‑foot multifamily property
- 0.41‑acre parcel with paved parking
- Interior and exterior repainting completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,809
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,180
$636.2K
Cap Rate 7%
$454,414
$454.4K
Cap Rate 9%
$353,433
$353.4K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$48.6K $15.00/SF
− Vacancy
−$3.2K −$0.98/SF
EGI
$45.4K $14.03/SF
− OpEx
−$13.6K −$4.21/SF
NOI
$31.8K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,180
Cap Rate 7%
$454,414
Cap Rate 9%
$353,433
Alternative Uses
Best Use
Multifamily LT 5
$454.4K
$397.6K – $530.2K
NOI $31,809 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$423.0K
$370.1K – $493.5K
NOI $29,611 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$819.7K
$717.2K – $956.3K
NOI $57,378 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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Business Placement
Demographics for 97487, OR
9,286
Population
4,038
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
93%
High-School Grad
72.8 sq mi
ZIP Area
128
Density / Sq Mi
$64,973
Median Household Income
$43,030
Median Earnings
$1,412
Median Rent
$334,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer washer and dryer hookups, covered patios, and paved parking on a level 0.41-acre parcel.
Where is this quadplex located?
The property is located at 88096 6TH St Veneta, OR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Four units in a 3,240‑square‑foot multifamily property; 0.41‑acre parcel with paved parking; Interior and exterior repainting completed in 2021
