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Listed by MELINA TOMSON • TOMSON BURNHAM, LLC • Direc: 503-428-3239
$990,000
Est. payment /mo
7 Beds
7 Baths
3,720 SqFt
New
1364-1368 Northern Heights Lp NE NE Keizer, OR 97303
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $266
Subdivision Country Glen Estates
MLS Listing ID 841491
Bedrooms 7
Year Built 1996
Annual Tax Amount $7,592
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Triplex
Property Description
1364-1368 Northern Heights Loop NE offers a rare Keizer setup: a new home paired with an income-producing duplex on the same .27 acre property. The front home, built just 5 years ago, has been recently owner-occupied and beautifully cared for, with 3 bedrooms, 3 baths, 1,408 sq ft, a private yard, laundry, separate meter, driveway parking, and a carport. The duplex includes two long-term tenant-occupied units, each with 2 bedrooms, 2 baths, 1,156 sq ft, private yard space, laundry, separate meter, and an attached 1-car garage. Current duplex rents are $1,520 per unit and may be below market, offering a natural opportunity for future rent growth. With the front home included at the scheduled rent shown, the property reflects $66,420 in annual scheduled income and an approximate 5.7% cap rate based on list price, stated taxes, and insurance.This property works from several angles. An owner-occupant can live in the newer home and let the duplex income help offset the monthly costs. An investor can lease all three units and build on an already practical rental layout. A 1031 buyer gets a straightforward multi-unit asset with separate meters, separate yards, garage/carport parking, and a unit mix that gives tenants real breathing room. The duplex interiors reflect long-term occupancy and offer room for gradual updates over time, which could further strengthen the property's performance.
Location
State OR
County Marion
Area 10 Keizer
Rooms
Dining Room Area (Combination)
Interior
Hot Water Electric
Heating Electric, Zonal, Ductless/Mini-Split
Flooring Carpet, Luxury Vinyl Plank
Laundry W/D Hookup
Exterior
Fence Yes
Roof Type Composition
Building
Foundation Continuous
Sewer City
Water City
New Construction No
Schools
Elementary Schools Gubser
Middle Schools Whiteaker
High Schools Mcnary
Others
Acceptable Financing Cash, Conventional, FHA, ODVA
Listing Terms Cash, Conventional, FHA, ODVA
