$745,000

2109 Harrison St Northbend, OR 97459

Estimated payment $4,301/month

Total Views 6,283
10 Beds
10 Baths
4,960 Sq Ft
$150 Price per Sq Ft

About This Home

Fully occupied 5-plex in downtown North Bend. Each unit is 2 bedroom, 1.5 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 records, and a strong rental history in a high-demand area, with a consistent cash flow, and long-term potential. Excellent long term tenants are all willing to stay. Schedule your private showing now.

Listing Agent

Rachel Richardson

River Cities Realty Inc License #200504528 Listed on: 06/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,486

Year Built

  • Built in 1977

Lot Details

  • Lot Dimensions are 110 x 100

Interior Spaces

  • 4,960 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Schools

  • North Bend Middle School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 6320900

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $22,889
  • Gross Income $64,748
  • Net Operating Income $41,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,486

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1977
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 10
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: North Bend

Lot Info

  • Zoning: RM
  • Lot Size: 110 x 100
  • Parcel #: 6320900

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 4485.76

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 11.51
  • Annual Gross Income: 64748.0
  • Property Net Operating Income: 41859.0
  • Annual Operating Expense: 22889.0

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 List to Sale Price per Sq Ft
06/02/2025 06/02/25 For Sale $745,000 -- $150 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 301905137

Regional Multiple Listing Service (RMLS)
Oregon Coos County North Bend 97459

2109 Harrison St, North Bend, OR

For Sale

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Nearby Homes
Listing Agent
Rachel Richardson
Section Image
River Cities Realty Inc
(458) 254-5535