146 1ST St, Myrtle Point, OR 97458
MULTI_FAMILY - MyrtlePoint, OR
- Added:
- Jun 13, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 17 at 7:06 am
Property Features for 146 1ST St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4
- Standard status
- Active
- APN
- 1119800
- Size
- 2,068 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- 29S-12W-08DD TL 02000
- Tax Annual Amount
- 2714
Utilities
- Heating system
- Wood Stove, Wood, Forced Air, Pellet Stove
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition, Membrane
Listing agent Julie Stephens License #201223170 (503) 807-8910
Listing office RE/MAX South Coast 1750 Sherman Ave., North Bend, OR (541) 297-7507
Listing date Jun 13, 2026
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Classic 2‑story home in Myrtle Point divided into two separate living spaces with option to live in one and rent the other
- Main‑floor unit: 1073 SF with 2 bedrooms, 1 bath, kitchen with stainless steel appliances, private entrance, and washer/dryer included
- Lower unit: 995 SF with 2 bedrooms, 1 bath, plus 2 bonus/flex spaces, separate private entrance, and its own kitchen
- Each unit has its own kitchen, laundry hookups, private entrance, and electrical panel; forced‑air furnace serves both units
- Wood stove insert (certification status unknown) and stand‑alone pellet stove in common area provide supplemental heating
- Fully remodeled main‑floor bathroom and primary bedroom step‑up walk‑in closet; yard includes established plants and a black walnut tree on the Myrtle Point Tree Trail
Overview
The lower level is a 2 bedroom, 1 bath unit with multiple bonus/flex spaces that can be used for a range of needs. The lower unit kitchen includes an eat-at counter, stainless steel oven/range, and a built-in microwave. A stand-alone pellet stove is located in a common area for supplemental heating. Each unit has its own kitchen, laundry hookups, private entrance, and electrical panel.
With separate entrances and electrical panels, this property can support tenants seeking privacy while still allowing an owner-occupant to live in one unit and use the second unit to help offset housing costs. Buyers are encouraged to verify with the City of Myrtle Point whether the home can be used as a duplex.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $13.80 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $26.7k | $12.90 |
| − OpEx | −$8.0k | −$3.87 |
| NOI | $18.7k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Myrtle Point
- County
- Coos
- State
- Oregon
- Longitude
- -124.145919
- Latitude
- 43.065931
