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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
