1032 S 4th ST, Coos Bay, OR 97420
- $659,000
- List Price
- $659,000
- Price Change
- ▼ $40,000 1776121106
- Days on Market
- 190
- MLS#
- 752915649
- Property Type
- Multifamily
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Coos County
- Status
- PENDING
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.
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Additional Information
- Tax Amount
- $3,192
- Year Built
- 1930
- High School
- Marshfield
- Elementary School
- Coos Bay
- Middle School
- Marshfield
- Acres
- 0.16
- Stories
- 2
- Lot Size Dimension
- 50 x 140
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Zoned
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- T-111 Siding, Wood Siding
- Roof Type
- Membrane, Metal, Rubber
- Sewer Description
- Public Sewer
- View
- Bay, City
- Parking
- Off Street, On Street
- Parking Description
- Off Street, On Street
- Road Surface
- Gravel, Paved
- Number Of Units Total
- 7
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 950
- Unit Type One Sq Ft
- 300
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1000
- Unit Type Three Sq Ft
- 800
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1000
- Unit Type Four Sq Ft
- 800
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1000
- Unit Type Five Sq Ft
- 510
- Unit Type Five Units Total
- 1
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Listing courtesy of Coastal Sotheby's International Realty.
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