Two-Unit Duplex with
For Sale
$424,900
937 NW CAINS Rd, Prineville, OR 97754
MultiFamily, Prineville, OR
Property Size2,012 SF
Lot Size0.15 Acres
Price / SF$211.18
Days on Market779
Property Features for 937 NW CAINS Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Subdivision
Steve W Yancy
Elementary school
Barnes Butte
Middle school
Crook County
High school
Crook County
Directions
NW Harwood, West on 8th, South on Locust, West on Cains.
Standard status
Active
APN
16015
Size
2,012 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SECTION 31 TOWNSHIP 14S RANGE 16E QUARTER CD PRCL 500 SUBDIVISION
Tax Annual Amount
2763
Legal Description
SECTION 31 TOWNSHIP 14S RANGE 16E QUARTER CD PRCL 500 SUBDIVISION
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
2002
Number of units
2
Roof type
Composition
Listing Agency:
Mal & Seitz
(503) 667-1200
Listed By:
Kathryn Smith · License #200502189
(503) 250-0734
Added: Sep 16, 2024
Changed: Oct 30
Last Checked: Nov 2 at 11:06PM
MLS# 24077424
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 duplex at 937 NW CAINS Rd contains 2,012 square feet and was built in 2002. The property includes two residential units, each with two bedrooms, one and one-half bathrooms, an open layout, a large kitchen, and dedicated storage. Both units have a single-car garage and side yard, while Unit A also includes a fenced side yard. Refrigerators, ranges, dishwashers, and washer/dryer sets are included. Window-unit cooling and a composition roof are in place.
The 0.15-acre property is located in Prineville, Oregon, and carries R4 zoning. The property is situated in a floodplain. Unit B has a renter in place.
The 0.15-acre property is located in Prineville, Oregon, and carries R4 zoning. The property is situated in a floodplain. Unit B has a renter in place.
Key Highlights
- Two‑unit duplex with 2,012 square feet on 0.15 acres
- Built in 2002 with R4 zoning
- Each unit includes 2 bedrooms and 1 and 1/2 baths
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 - R4-zoned property offers two-bedroom layouts, private outdoor areas, and included appliances.
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 with 2,012 square feet on 0.15 acres; Built in 2002 with R4 zoning; Each unit includes 2 bedrooms and 1 and 1/2 baths
