177 Deer St Prineville, OR 97754
This exceptional investment opportunity presents a charming two-unit duplex nestled in the heart of Prineville, Oregon. Built in 1950 and extensively renovated in 2021, this property boasts a total of 1,306 square feet situated on a sizable 0.17-acre lot. The duplex features two individual units, each offering one bedroom and one bathroom, complete with in-unit laundry (washer and dryer). Modern updates include newer laminate flooring throughout. Each unit also benefits from a private, small yard. The property's convenient location places it within easy walking distance of downtown Prineville's shops and restaurants, offering tenants a vibrant and walkable lifestyle. The property is zoned R2, providing potential for future expansion or alternative uses, subject to local regulations. This turnkey investment is ideal for both seasoned and first-time investors seeking a strong return in a desirable location. The property's strong rental history and updated condition make it a low-maintenance, high-yield investment. The asking price is $375,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Oregon community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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