Duplex with Auxiliary
969 N BRIDGE St, Lafayette, OR 97127
For Sale
New
$550,000
MultiFamily, Lafayette, OR
Property Size3,467 SF
Lot Size0.49 Acres
Price / SF$158.64
Days on Market1
Property Features for 969 N BRIDGE St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
The Kelly Group Real Estate
Listed By:
Kelly Hagglund · License OR #201219819
(503) 538-4531
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 114056673
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1892, the property includes a 3,467-square-foot primary residence and an approximately 1,365-square-foot auxiliary dwelling with two bedrooms and two bathrooms. The main house features hardwood floors, a formal dining room with built-in cabinetry, a covered porch, and an expansive attic. An unfinished 300-square-foot bonus studio, attached lean-to storage bays, and two separate driveways add further utility. The lot encompasses 0.49 acres, and the property is zoned R2; any subdivision or development would require buyer due diligence.
Key Highlights
- Two dwellings: a primary residence and an approximately 1,365‑square‑foot auxiliary unit with 2 bedrooms and 2 baths
- 3,467‑square‑foot property on a 0.49‑acre lot
- R2 zoning; subdivision or development is subject to buyer due diligence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,516
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,320
$890.3K
Cap Rate 7%
$635,943
$635.9K
Cap Rate 9%
$494,622
$494.6K
Market Conditions
NOI Build-Up for 3,467 SF
Gross rent
$85.3K $24.60/SF
− Vacancy
−$4.3K −$1.25/SF
EGI
$80.9K $23.35/SF
− OpEx
−$36.4K −$10.51/SF
NOI
$44.5K $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%
$890,320
Cap Rate 7%
$635,943
Cap Rate 9%
$494,622
Alternative Uses
Best Use
Apartment 5plus
$635.9K
$556.5K – $741.9K
NOI $44,516 @ 7.0% cap · market cap 8.09%
Second Best
Multifamily LT 5
$545.6K
$477.4K – $636.6K
NOI $38,195 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$935.8K
$818.9K – $1.09M
NOI $65,508 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 97127, OR
4,432
Population
1,432
Households
3.1
Avg Household Size
34
Median Age
16%
College-Educated
88%
High-School Grad
0.9 sq mi
ZIP Area
4,924
Density / Sq Mi
$96,419
Median Household Income
$39,468
Median Earnings
$1,144
Median Rent
$383,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned property combines a historic primary residence with a separate two-bedroom, two-bath auxiliary dwelling.
Where is this duplex located?
The property is located at 969 N BRIDGE St Lafayette, 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 dwellings: a primary residence and an approximately 1,365‑square‑foot auxiliary unit with 2 bedrooms and 2 baths; 3,467‑square‑foot property on a 0.49‑acre lot; R2 zoning; subdivision or development is subject to buyer due diligence
