Duplex with Main-Floor Primary
For Sale
$549,000
625 CLAY St, Coos Bay, OR 97420
MultiFamily, CoosBay, OR
Property Size2,828 SF
Lot Size0.18 Acres
Price / SF$194.13
Days on Market18
Property Features for 625 CLAY St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1
View
Territorial
Elementary school
Coos Bay
Middle school
Sunset
High school
Marshfield
Directions
clay end of street
Subdivision
_260
Standard status
Active
APN
1993000
Size
2,828 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
25S / 13W / 20 / C
Tax Annual Amount
3967
Legal Description
25S / 13W / 20 / C
Utilities
Heating system
Forced Air
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Pacific Properties
(541) 396-8842
Listed By:
Colleen Adams
(541) 435-4467
Added: Aug 27
Changed: Sep 13
Last Checked: Sep 13 at 3:06PM
MLS# 514995848
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.
Built in 2006, this 2,828-square-foot duplex contains two 3-bedroom, 2-bath units. Each residence includes a primary bedroom on the main floor, a fireplace, and a garage. In total, the property provides 6 bedrooms, 4 bathrooms, and 2 garage spaces across the two-unit layout.
The 0.18-acre property is located at 625 CLAY St in CoosBay, Oregon, within R-2 zoning. Its configuration supports living in one unit while renting the other, or operating both residences as an income-producing property. Forced-air heating and a composition roof complete the existing building features.
The 0.18-acre property is located at 625 CLAY St in CoosBay, Oregon, within R-2 zoning. Its configuration supports living in one unit while renting the other, or operating both residences as an income-producing property. Forced-air heating and a composition roof complete the existing building features.
Key Highlights
- Two‑unit duplex with 2,828 square feet of property size
- Each unit has 3 bedrooms and 2 bathrooms
- 6 bedrooms and 4 bathrooms total
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,860
$510.9K
Cap Rate 7%
$364,900
$364.9K
Cap Rate 9%
$283,811
$283.8K
Market Conditions
NOI Build-Up for 2,828 SF
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.
Gross rent
$39.0K $13.80/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$36.5K $12.90/SF
− OpEx
−$10.9K −$3.87/SF
NOI
$25.5K $9.03/SF
Area
Coos County, OR
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,860
Cap Rate 7%
$364,900
Cap Rate 9%
$283,811
Alternative Uses
Best Use
Multifamily LT 5
$364.9K
$319.3K – $425.7K
NOI $25,543 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$338.4K
$296.1K – $394.8K
NOI $23,686 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 97420, OR
27,454
Population
12,967
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
89%
High-School Grad
273.9 sq mi
ZIP Area
100
Density / Sq Mi
$61,624
Median Household Income
$35,536
Median Earnings
$982
Median Rent
$282,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer owner-occupancy flexibility, rental use, and attached garage space.
Where is this duplex located?
The property is located at 625 CLAY St Coos Bay, OR.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,828 square feet of property size; Each unit has 3 bedrooms and 2 bathrooms; 6 bedrooms and 4 bathrooms total
