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Listed by Coastal Sotheby's International Realty
$ 799,000
Est. payment | /mo
6,969 Sqft Lot
$ 799,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24498261
Year Built 1930
Annual Tax Amount $3,144
Tax Year 2024
Lot Size 6,969 Sqft
Property Description
Investor Alert! Presenting a rare opportunity to own an 8-unit multifamily property in the heart of Coos Bay—a growing coastal town nestled in Oregon's coveted “banana belt” known for its milder climate and year-round outdoor lifestyle. This well-maintained asset delivers a strong 8.83% cap rate, making it a standout choice for the smart investor seeking immediate returns and long-term upside. The property features a diverse unit mix of 1-bedroom, 2-bedroom, and studio units, all thoughtfully upgraded with individual laundry hookups, metal roofing, modernized plumbing, and more. With current gross rents exceeding $81,000 annually, low operating costs, and projected rent growth, this is a turnkey investment with room to grow. Seize the opportunity to invest in one of the Oregon Coast's most livable and up-and-coming communities. Opportunities like this don't last long in areas of smart growth!
Location
State OR
County Coos
Community Laundry
Area _260
Zoning R-3
Rooms
Basement Finished, None, Partial Basement
Interior
Heating Zoned
Exterior
Community Features Laundry
View Bay, City
Roof Type Metal
Garage No
Building
Lot Description Level, Sloped
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Coos Bay
Middle Schools Coos Bay
High Schools Marshfield
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224