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Listed by MELINA TOMSON • TOMSON BURNHAM, LLC • Direc: 503-428-3239

$ 990,000

Est. payment -/mo

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Active

1364-1368 Northern Heights Lp NE NE Keizer, OR 97303

7 Beds

7 Baths

3,720 SqFt

UPDATED:

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 FHA, Cash, ODVA, Conventional

Listing Terms FHA, Cash, ODVA, Conventional

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124