Two-Unit Duplex with
For Sale
$424,900
937 NW Cains Rd, Prineville, OR 97754
Both residences feature open layouts, full appliance packages, private side yards, and dedicated storage.
Property Size2,012 SF
Price / SF$211.18
Days on Market225
Property Features for 937 NW Cains Rd
General Information
Standard status
Active
Size
2,012 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Mal & Seitz
Listed By:
Kathryn Smith · License #200502189
(503) 250-0734
Source:
Wisser
Added: Mar 13
Changed: Oct 7
Last Checked: Oct 5 at 8:47PM
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 Mal & Seitz
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Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains 2,012 square feet with two separately configured residences. Each unit offers two bedrooms, one and one-half baths, an open interior layout, a large kitchen, and storage space. Individual single-car garages and side yards serve each residence, with a fenced side yard at Unit A.
Included appliances are refrigerators, ranges, dishwashers, and washer/dryer sets. The property is zoned R4 and located in a floodplain. The address is 937 Northwest Cains Road in Prineville, Oregon.
Included appliances are refrigerators, ranges, dishwashers, and washer/dryer sets. The property is zoned R4 and located in a floodplain. The address is 937 Northwest Cains Road in Prineville, Oregon.
Key Highlights
- Two‑unit duplex totaling 2,012 square feet
- Each unit includes 2 bedrooms and 1 and 1/2 baths
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,225
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,500
$564.5K
Cap Rate 7%
$403,214
$403.2K
Cap Rate 9%
$313,611
$313.6K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$43.5K $21.60/SF
− Vacancy
−$3.1K −$1.56/SF
EGI
$40.3K $20.04/SF
− OpEx
−$12.1K −$6.01/SF
NOI
$28.2K $14.03/SF
Area
Crook County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,500
Cap Rate 7%
$403,214
Cap Rate 9%
$313,611
Alternative Uses
Best Use
Multifamily LT 5
$403.2K
$352.8K – $470.4K
NOI $28,225 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.5K
NOI $25,767 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$869.2K
$760.5K – $1.01M
NOI $60,843 @ 7.0% cap · market cap 14.32%
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
615
Businesses Nearby
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Business Placement
Demographics for 97754, OR
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
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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 open layouts, full appliance packages, private side yards, and dedicated storage.
Where is this duplex located?
The property is located at 937 NW Cains Rd Prineville, OR.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,012 square feet; Each unit includes 2 bedrooms and 1 and 1/2 baths; Built in 2002
