Property • MultiFamily
Web ID # 24498261
$799,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
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!
Hwy 101 - West on Johnson Ave - Left on S. 4th to Address.
Dwelling Type: MultiFamily
Subdivision:
Year Built: 1930, County: US
Hwy 101 - West on Johnson Ave - Left on S. 4th to Address.
Virtual Tour
Listing is courtesy of Coastal Sotheby's International Realty
