Renovated Duplex with Fenced
For Sale
$550,000
931 Sw Fleishauer Ln, McMinnville, OR 97128
Both residences feature private outdoor areas, updated interiors, appliances, and in-unit laundry.
Property Size2,106 SF
Price / SF$261.16
Days on Market10
Property Features for 931 Sw Fleishauer Ln
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
ductless heat pump
ceiling heat
fireplace
fenced yards
concrete pathways
garbage can pad
large back patios
landscaping
washer and dryers
pantry
built-in microwave
Building Details
Year Built
1990
Listing Agency:
Baker Street Real Estate, LLC
Listed By:
Jennifer Feero · License #201208676
(503) 708-2658
Source:
Portlandorhomelistings
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 21 at 1:59AM
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 Baker Street Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,106-square-foot duplex, built in 1990, contains residences at 931 and 935 SW Fleishauer Ln. Both have ductless heat pumps, ceiling heat, updated fixtures, appliances, washers and dryers, and storage. The 931 residence has granite counters, new cabinetry, and a fireplace; the 935 residence received updates to flooring and finishes. Each unit also has a fenced yard, concrete paths, and a large rear patio.
The property is near Linfield University, schools, parks, and downtown McMinnville. Appliances include a dishwasher, range, refrigerator, and built-in microwave in unit 931.
The property is near Linfield University, schools, parks, and downtown McMinnville. Appliances include a dishwasher, range, refrigerator, and built-in microwave in unit 931.
Key Highlights
- Two‑residence duplex totaling 2,106 square feet; built in 1990
- Both units have ductless heat pumps, ceiling heat, washers, dryers, and storage
- Fenced yards, concrete pathways, and large back patios serve both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,041
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,820
$540.8K
Cap Rate 7%
$386,300
$386.3K
Cap Rate 9%
$300,456
$300.5K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$51.8K $24.60/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$49.2K $23.35/SF
− OpEx
−$22.1K −$10.51/SF
NOI
$27.0K $12.84/SF
Area
Yamhill County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,820
Cap Rate 7%
$386,300
Cap Rate 9%
$300,456
Alternative Uses
Best Use
Apartment 5plus
$386.3K
$338.0K – $450.7K
NOI $27,041 @ 7.0% cap · market cap 4.92%
Second Best
Multifamily LT 5
$331.4K
$290.0K – $386.7K
NOI $23,201 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$568.5K
$497.4K – $663.2K
NOI $39,792 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
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Business Placement
Demographics for 97128, OR
38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature private outdoor areas, updated interiors, appliances, and in-unit laundry.
Where is this duplex located?
The property is located at 931 Sw Fleishauer Ln McMinnville, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 2,106 square feet; built in 1990; Both units have ductless heat pumps, ceiling heat, washers, dryers, and storage; Fenced yards, concrete pathways, and large back patios serve both residences
