$751,000
$312K PRICE INCREASE

1662 Mcpherson Ave North Bend, OR 97459

Estimated payment $4,512/month

Total Views 4,576
12 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Bay View
  • Baseboard Heating
  • Wood Siding
  • Storage
  • Level Lot

About This Home

Great Investment with good income and good tenants. This 6-plex in North Bend has six 2 bed 1 bath units with the living areas downstairs and the bedrooms upstairs. New paving in back. One apartment newly remodeled.As-Is.

Listing Agent

Kim Nye

Siskiyou Coast Realty License #201220185 Listed on: 02/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,795

Year Built

  • Built in 1974

Parking

  • Paved Parking

Property Views

  • Bay
  • City

Home Design

  • Membrane Roofing
  • Wood Siding
  • Concrete Perimeter Foundation
  • Wood Composite

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Schools

  • North Bay Elementary School
  • North Bend Middle School
  • North Bend High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Storage
  • Level Lot
  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 6177400

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $19,696
  • Gross Income $69,696
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,795

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Year Built: 1974
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Storage: IndividualStorageUnits
  • Total Bedrooms: 12
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodComposite,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Membrane
  • View: Bay,City

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Sidewalk
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: North Bay
  • High School: North Bend
  • Middle Or Junior School: North Bend

Lot Info

  • Zoning: RM
  • Parcel #: 6177400

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4795.28

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.78
  • Annual Gross Income: 69696.0
  • Property Net Operating Income: 50000.0
  • Annual Operating Expense: 19696.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $751,000 0.0% --
06/20/2025 06/20/25 For Sale $751,000 +10.6% --
03/30/2025 03/30/25 Off Market $679,000 -- --
02/12/2025 02/12/25 For Sale $439,000 -- --
Source: Regional Multiple Listing Service (RMLS)

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    $745,000

    • 10 Beds
    • 10 Baths
    • 4,960 Sq Ft
    • 2109 Harrison St
    • Northbend, OR

    Fully occupied 5-plex in downtown North Bend. Each unit is 2 bedroom, 2 bath complete with W/D hookups. Gross income $64,748/year, expenses $22,889/year, including property management fees of $5180. 5.61% cap rate at $745K. If Self-Managed, annual expenses are $17,709 and the cap rate is 6.31% Excellent walkability to schools, shopping, and parks. Turn-key investment with good maintenance

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 293365289

Regional Multiple Listing Service (RMLS)

Oregon Coos County North Bend 97459

1662 Mcpherson Ave, North Bend, OR

This home is located at 1662 Mcpherson Ave, North Bend, OR 97459 and is currently priced at $751,000. This property was built in 1974. 1662 Mcpherson Ave is a home located in Coos County with nearby schools including Hillcrest Elementary School, North Bay Elementary School, and North Bend Middle School.

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Nearby Homes
Listing Agent
Kim Nye
Section Image
Siskiyou Coast Realty
(458) 224-3710