Mixed-Use Building with Residential
920-924 Main St, Sweet Home, OR 97386
For Sale
$950,000
Main Street property combines rental housing with a commercial space suited to office or storefront use.
Property Size3,608 SF
Price / SF$263.30
Days on Market18
Property Features for 920-924 Main St
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Keller Williams Capital City
(503) 930-1047
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 6:04AM
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 Keller Williams Capital City
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Investment Insights
Based on property information with market context.
The 3,608-square-foot mixed-use building contains eight units: seven residential rentals and one commercial space. The commercial area is described as suitable for office or storefront use. A new roof is in place, and the property was built in 1946. Long-term tenancy and limited turnover are noted in the property's history.
The building is located on Main Street in Sweet Home, Oregon. Its attic provides more than 900 square feet of additional space; conversion to another rental unit would require city approval.
The building is located on Main Street in Sweet Home, Oregon. Its attic provides more than 900 square feet of additional space; conversion to another rental unit would require city approval.
Key Highlights
- Eight total units: seven residential rentals and one commercial space
- 3,608‑square‑foot building constructed in 1946
- Commercial space suited to office or storefront use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,620
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,400
$852.4K
Cap Rate 7%
$608,857
$608.9K
Cap Rate 9%
$473,556
$473.6K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$75.8K $21.00/SF
− Vacancy
−$7.6K −$2.10/SF
EGI
$68.2K $18.90/SF
− OpEx
−$25.6K −$7.09/SF
NOI
$42.6K $11.81/SF
Area
Linn County, OR
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,400
Cap Rate 7%
$608,857
Cap Rate 9%
$473,556
Alternative Uses
Best Use
Mixed Use
$608.9K
$532.8K – $710.3K
NOI $42,620 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$448.2K
$392.2K – $522.9K
NOI $31,376 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.05M
$919.7K – $1.23M
NOI $73,575 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 97386, OR
14,611
Population
6,339
Households
2.3
Avg Household Size
44
Median Age
11%
College-Educated
87%
High-School Grad
125.9 sq mi
ZIP Area
116
Density / Sq Mi
$68,116
Median Household Income
$37,125
Median Earnings
$1,141
Median Rent
$302,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Main Street property combines rental housing with a commercial space suited to office or storefront use.
Where is this mixed-use property located?
The property is located at 920-924 Main St Sweet Home, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Eight total units: seven residential rentals and one commercial space; 3,608‑square‑foot building constructed in 1946; Commercial space suited to office or storefront use
