Two-Unit Duplex with Single-Car
For Sale
$424,900
937 NW CAINS Rd, Prineville, OR 97754
MULTI_FAMILY - Prineville, OR
Property Size2,012 SF
Lot Size0.15 Acres
Price / SF$211.18
Days on Market687
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
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 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
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: Aug 1
Last Checked: Aug 3 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This two-unit duplex was built in 2002 and sits on a 0.15-acre lot. The property totals 2,012 square feet and features two similarly designed units, each offering two bedrooms and one and one-half bathrooms with an open layout that includes a large kitchen and plenty of storage. Each unit has a single-car garage with a side yard, and Unit A also includes a fenced side yard. All appliances are included, including the refrigerator, range, dishwasher, and washer/dryer. Cooling is provided by window unit(s), and the roof is composition.
The duplex is located in the floodplain. Buyers should verify applicable school information.
The duplex is located in the floodplain. Buyers should verify applicable school information.
Key Highlights
- Built in 2002 with a composition roof and window unit(s) for cooling
- 0.15‑acre lot with 2,012 square feet total building area
- R4 zoning
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.5k | $21.60 |
| − Vacancy | −$3.1k | −$1.56 |
| EGI | $40.3k | $20.04 |
| − OpEx | −$12.1k | −$6.01 |
| NOI | $28.2k | $14.03 |
2,012 SF · lease $21.60/SF/yr · vacancy 7.22% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned duplex built in 2002 with two 2-bedroom units, single-car garages, and appliances included.
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: Built in 2002 with a composition roof and window unit(s) for cooling; 0.15‑acre lot with 2,012 square feet total building area; R4 zoning
