1032 S 4th St Coos Bay, OR 97420
Estimated payment $4,453/month
Highlights
- Bay View
- Laundry Facilities
- Wood Siding
- Zoned Heating
- Level Lot
About This Home
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!
Listing Agent
Coastal Sotheby's International Realty License #201224385 Listed on: 11/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,145
Year Built
- Built in 1930
Lot Details
- 6,969 Sq Ft Lot
- Lot Dimensions are 50 x 140
- Level Lot
Property Views
- Bay
- City
Home Design
- Metal Roof
- Wood Siding
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Finished Basement
- Partial Basement
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Parking
- 2 Parking Spaces
- On-Street Parking
- Off-Street Parking
Schools
- Coos Bay Elementary And Middle School
- Marshfield High School
Utilities
- No Cooling
- Zoned Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 6905200
Community Details
Building Details
- Operating Expense $11,245
- Gross Income $81,840
- Net Operating Income $70,595
Additional Features
- 8 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | Price Changed | $799,000 | -9.1% | -- |
| 11/24/2024 11/24/24 | For Sale | $879,000 | -- | -- |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24498261
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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