Three-Unit Triplex with Onsite
195 17TH St SE Bandon, OR 97411
195 17TH St SE, Bandon, OR, 97411
$389,000
For Sale
$389,000
MULTI_FAMILY - Bandon, OR
Property Size1,368 SF
Lot Size0.18 Acres
Price / SF$284.36
Days on Market51
Property Features for 195 17TH St SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-2
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1
- Standard status
- Active
- APN
- 2662100
- Size
- 1,368 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- 28S1431-BB-08300
- Tax Annual Amount
- 1633
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing Agency
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
1260 N Bayshore Dr, Ste 105 Ste 105, Coos Bay, OR
Listed by
Levi Rider · License #201225928
(541) 294-1485
Added: May 27 Checked: Jul 16 at 7:06 pm
MLS# 637608269
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale triplex includes three 1-bedroom, 1-bathroom units. The property offers functional unit layouts with laminate and vinyl flooring and included appliances. An upstairs unit is currently vacant, which allows for straightforward viewing. The sale is being offered in “as-is” condition.
Located in Bandon, Oregon, the property sits in a C-2 zoning designation and is identified in the listing remarks as being within an opportunity and enterprise zone. It is positioned just off Highway 101 and is described as only minutes from Old Town Bandon, shopping, restaurants, and Oregon Coast beaches. Onsite parking is available.
This configuration can fit a variety of buyers seeking a small income-producing residential property with a mix of rental-ready units and at least one unit available for occupancy. The inclusion of appliances and durable flooring finishes may simplify move-in or turnover planning. Financing terms in the remarks indicate options beyond cash, including owner willingness to carry or exchange for residential, alongside cash or conventional loans. Interested parties should confirm details and viewing availability directly with the listing agent.
Located in Bandon, Oregon, the property sits in a C-2 zoning designation and is identified in the listing remarks as being within an opportunity and enterprise zone. It is positioned just off Highway 101 and is described as only minutes from Old Town Bandon, shopping, restaurants, and Oregon Coast beaches. Onsite parking is available.
This configuration can fit a variety of buyers seeking a small income-producing residential property with a mix of rental-ready units and at least one unit available for occupancy. The inclusion of appliances and durable flooring finishes may simplify move-in or turnover planning. Financing terms in the remarks indicate options beyond cash, including owner willingness to carry or exchange for residential, alongside cash or conventional loans. Interested parties should confirm details and viewing availability directly with the listing agent.
Key Highlights
- Triplex built in 1931 with composition roof
- Commercial zoning in Bandon; located in an opportunity and enterprise zone
- Three 1‑bedroom, 1‑bath units
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 | $18.9k | $13.80 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $17.7k | $12.90 |
| − OpEx | −$5.3k | −$3.87 |
| NOI | $12.4k | $9.03 |
1,368 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.5K
$154.5K – $205.9K
NOI $12,356 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$163.7K
$143.2K – $191.0K
NOI $11,458 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$247.6K
$216.7K – $288.9K
NOI $17,335 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three 1-bedroom units in a C-2 zoned triplex near Highway 101, with an upstairs unit available to view.
Where is this triplex located?
The property is located at 195 17TH St SE Bandon, OR.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Triplex built in 1931 with composition roof; Commercial zoning in Bandon; located in an opportunity and enterprise zone; Three 1‑bedroom, 1‑bath units
