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Heidi Torkko

heidi@heiditorkko.com +1(503) 351-9716

Listed by Coastal Sotheby's International Realty

$ 659,000

Est. payment | -/mo

6,969 Sqft Lot

Save

$ 659,000

Est. payment | -/mo

Save

6,969 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 752915649

Year Built 1930

Annual Tax Amount $3,192

Tax Year 2025

Lot Size 6,969 Sqft

Property Description

This cash-flowing 7-unit multifamily property in Coos Bay offers solid performance with an 8.62% cap rate, creating a compelling opportunity for investors seeking stable returns along Oregon's South Coast. The property features a diverse unit mix of 1-bedroom, 2-bedroom, and studio units, with numerous improvements completed over the years, including metal roofing, upgraded plumbing, individual laundry hookups, unit renovations, and structural additions that enhance both functionality and long-term durability. Lower operating expenses allow the property to maintain strong financial performance while supporting consistent rental demand in a growing coastal market. Located in Coos Bay, a vibrant and growing coastal town situated on a beautiful bay, the property benefits from a lifestyle that attracts residents year-round. The area offers easy access to ATV riding on the Oregon Dunes, world-class golfing at Bandon Dunes, miles of coastal beaches, fishing, boating, and outdoor recreation, making it one of the most desirable communities along Oregon's South Coast. Part of Oregon's coastal “banana belt,” known for its milder climate, Coos Bay continues to see steady growth and strong demand for housing. With limited multifamily inventory and increasing interest in coastal living, properties with strong in-place income and reliable performance rarely become available. For investors seeking immediate cash flow and long-term investment stability on the Oregon Coast, this well-positioned 7-unit property represents a compelling opportunity.

Location

State OR

County Coos

Area _260

Zoning R-3

Rooms

Basement Finished, Partial Basement

Interior

Heating Zoned

Exterior

View Bay, City

Roof Type Membrane,Metal,Rubber

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Coos Bay

Middle Schools Marshfield

High Schools Marshfield

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 351-9716

heidi@heiditorkko.com

2175 NW Raleigh St, # 110, Portland OR 97210, Portland, Oregon, 97210, USA

1032 S 4th ST Coos Bay, OR 97420