$999,000

542 Pacific Ave Brookings, OR 97415

Estimated payment $5,475/month

Total Views 6,007
8 Beds
8 Baths
5,134 Sq Ft
$195 Price per Sq Ft

Highlights

  • City View
  • High Speed Internet
  • Heating System Mounted To A Wall or Window
  • Laundry Facilities
  • Level Lot
  • 5-minute walk to Alfred A Loeb State Park

About This Home

Rare and Unique Investment Opportunity in the Heart of Brookings! This centrally located apartment complex offers an exceptional opportunity for investors. The property features 8 units, a 2-car detached garage and 3 storage units, all on site. The landlord currently covers water, sewer, and garbage services as part of the monthly rent. Residents also enjoy access to a shared coin-operated laundry facility for added convenience. Key improvements include a new roof installed in September 2015, a sewer main replacement completed in February 2008 and a fresh paint job of the exterior of the building in 2025, ensuring long-term value and reliability. Ideally situated within walking distance of downtown shops, restaurants, the movie theater, and the beach, this property offers excellent accessibility and appeal for tenants. Call today to schedule your private showing! Please note: Square footage is approximate and should be verified by the buyer.

Listing Agent

Lindsay Coatney

RE/MAX Coast and Country Brokerage Phone: 541-412-9535 License #201221126 Listed on: 06/06/2025

RE/MAX Coast and Country

Co-Listing Agent

Heather O'Connor

RE/MAX Coast and Country Brokerage Phone: 541-412-9535 License #201213465

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,139

Year Built

  • Built in 1951

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Assigned Parking

Property Views

  • City
  • Seasonal

Home Design

  • Slab Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 5,134 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Schools

  • Kalmiopsis Elementary School
  • Azalea Middle School
  • Brookings-Harbr High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R14746

Community Details

Overview

  • 8 Units

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $19,507
  • Gross Income $62,705
  • Net Operating Income $43,198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,139

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1951
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Total Bedrooms: 8
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Commons, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City,Seasonal

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,FiberOptics
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Kalmiopsis
  • High School: Brookings-Harbr
  • Middle Or Junior School: Azalea

Lot Info

  • Zoning: R3
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0
  • Parcel #: R14746

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2138.65
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 15.93
  • Annual Gross Income: 62705.0
  • Property Net Operating Income: 43198.0
  • Annual Operating Expense: 19507.0

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
06/06/2025 06/06/25 For Sale $999,000 -- $195 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24230606

Regional Multiple Listing Service (RMLS)
Oregon Curry County Brookings 97415

542 Pacific Ave, Brookings, OR

This home is located at 542 Pacific Ave, Brookings, OR 97415 and is currently priced at $999,000, approximately $194 per square foot. This property was built in 1951. 542 Pacific Ave is a home located in Curry County with nearby schools including Kalmiopsis Elementary School, Azalea Middle School, and Brookings-Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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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Lindsay Coatney
Listing Agent
Lindsay Coatney
Section Image
RE/MAX Coast and Country
(458) 237-8761