Eight-Unit Mixed-Use
New
For Sale
$950,000
924 MAIN St, Sweet Home, OR 97386
MultiFamily, SweetHome, OR
Property Size3,608 SF
Lot Size0.25 Acres
Price / SF$263.30
Days on Market5
Property Features for 924 MAIN St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 9, Bedroom 2, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 10
View
City
Elementary school
Hawthorne
Middle school
Sweet Home
High school
Sweet Home
Directions
US-20 E/S Main St/Santiam Hwy 16, Turn Left after NAPA Auto Parts onto 9th Ave, Take the next Right
Subdivision
_221
Standard status
Active
APN
0245163
Size
3,608 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
13S01E31AC
Tax Annual Amount
7677
Legal Description
13S01E31AC
Utilities
Heating system
Baseboard
Building Details
Year built
1946
Floors in Building
1
Number of units
9
Roof type
Shingle, Composition
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Joshua Glaspie
(541) 359-9132
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 24 at 9:06AM
MLS# 722048418
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 3,608-square-foot mixed-use property contains eight units: seven residential rentals and one commercial space. Built in 1946, the building has a composition shingle roof and baseboard heating. A 0.25-acre lot and an attic exceeding 900 square feet are also part of the property; conversion of the attic to another rental unit would require city approval.
The property is at 924 Main St in Sweet Home, Oregon. Its C1 zoning supports the existing mix of residential and commercial space.
The property is at 924 Main St in Sweet Home, Oregon. Its C1 zoning supports the existing mix of residential and commercial space.
Key Highlights
- Eight units: seven residential rentals and one commercial space
- 3,608 square feet of building area on a 0.25‑acre lot
- Attic with over 900 square feet; conversion to a rental unit is subject to city approval
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.
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Property Analytics
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Open 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
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned property combines residential rentals with a commercial space on Main Street.
Where is this mixed-use property located?
The property is located at 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 units: seven residential rentals and one commercial space; 3,608 square feet of building area on a 0.25‑acre lot; Attic with over 900 square feet; conversion to a rental unit is subject to city approval
