Riverfront Duplex with
For Sale
$600,000
911 N 9TH St, Cottage Grove, OR 97424
MultiFamily, CottageGrove, OR
Property Size3,938 SF
Lot Size0.30 Acres
Price / SF$152.36
Days on Market48
Property Features for 911 N 9TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 6, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
View
River
Elementary school
Bohemia
Middle school
Lincoln
High school
Cottage Grove
Directions
N Pacific Hwy, Left on N 9th
Subdivision
_235
Standard status
Active
APN
1818267
Size
3,938 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
20-03-28-24-00601
Tax Annual Amount
8344
Legal Description
20-03-28-24-00601
Utilities
Heating system
Forced Air
Water front features
River Front
Water front
1
Amenities
wood floors
washers and dryers
forced-air heating
tankless water heaters
vinyl double-pane windows
attached two-car garages
balconies and patios
fully fenced
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Windermere RE Lane County · Windermere Real Estate
(541) 484-2022
Listed By:
Angela Cherbas
(541) 914-8803
Added: Jul 16
Changed: Aug 30
Last Checked: Sep 1 at 9:06AM
MLS# 386788382
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 riverfront duplex contains 3,938 square feet across two residential units. The 911 side includes 3 bedrooms, 3 bathrooms, and 2,088 square feet; the 975 side has 3 bedrooms, 2.5 bathrooms, and 1,850 square feet. Both units feature wood flooring, spacious rooms, washers and dryers, forced-air heating, tankless water heaters, vinyl double-pane windows, attached two-car garages, balconies, and patios oriented toward the river.
Built in 2005 on a 0.3-acre lot, the property is fully fenced and includes ample parking. A composition roof and fresh interior and exterior paint were completed in June 2026. The property is zoned RC and is located at 911 N 9TH St in Cottage Grove, Oregon.
Built in 2005 on a 0.3-acre lot, the property is fully fenced and includes ample parking. A composition roof and fresh interior and exterior paint were completed in June 2026. The property is zoned RC and is located at 911 N 9TH St in Cottage Grove, Oregon.
Key Highlights
- Riverfront duplex with 3,938 square feet on a 0.3‑acre lot
- Two 3‑bedroom units: 1,850 square feet and 2,088 square feet
- Each unit includes an attached two‑car garage, balcony, and river‑facing patio
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
$38,661
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
6.44%
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%
$773,220
$773.2K
Cap Rate 7%
$552,300
$552.3K
Cap Rate 9%
$429,567
$429.6K
Market Conditions
NOI Build-Up for 3,938 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
$59.1K $15.00/SF
− Vacancy
−$3.8K −$0.98/SF
EGI
$55.2K $14.03/SF
− OpEx
−$16.6K −$4.21/SF
NOI
$38.7K $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 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%
$773,220
Cap Rate 7%
$552,300
Cap Rate 9%
$429,567
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.4K
NOI $38,661 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$514.2K
$449.9K – $599.9K
NOI $35,991 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$996.3K
$871.7K – $1.16M
NOI $69,739 @ 7.0% cap · market cap 11.62%
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
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
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 residential units provide river views, outdoor living areas, and flexibility for owner-occupied use.
Where is this duplex located?
The property is located at 911 N 9TH St Cottage Grove, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Riverfront duplex with 3,938 square feet on a 0.3‑acre lot; Two 3‑bedroom units: 1,850 square feet and 2,088 square feet; Each unit includes an attached two‑car garage, balcony, and river‑facing patio
