Fully Remodeled Duplex with Unfinished
For Sale
$625,000
790 OREGON Ave, North Bend, OR 97459
MULTI_FAMILY - NorthBend, OR
Property Size2,516 SF
Price / SF$248.41
Days on Market29
Property Features for 790 OREGON Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-M
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 3
Elementary school
Hillcrest
Middle school
North Bend
High school
North Bend
Directions
Sherman to Oregon house on the right.
Subdivision
_260
Standard status
Active
APN
5430401
Size
2,516 SF
Taxes and HOA fees
Tax Description
25S1315-DB-00800
Tax Annual Amount
3736
Legal Description
25S1315-DB-00800
Utilities
Heating system
Zoned
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Rose Jorjorian
(916) 417-0683
Added: Jul 15
Changed: Aug 11
Last Checked: Aug 12 at 8:06PM
MLS# 770174944
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 fully remodeled duplex offers two separate living units plus additional lower-level space. The main unit features three bedrooms and three bathrooms, including a primary suite with a walk-in closet and private ensuite. The second unit is a separate one-bedroom, one-bath layout. A full unfinished basement includes a bathroom and provides extra usable space and flexibility.
The renovation scope includes windows, electrical, plumbing, roofing, siding, drywall, and interior finishes. Heating is listed as zoned, and the roof is composition. Exterior features include a covered patio, a detached garage, and a large paved driveway with off-street parking.
Built in 1910, the property is zoned R-M and totals 2,516 square feet. A composition roof and zoned heating support year-round usability for a variety of owner-occupied or income-focused setups.
The renovation scope includes windows, electrical, plumbing, roofing, siding, drywall, and interior finishes. Heating is listed as zoned, and the roof is composition. Exterior features include a covered patio, a detached garage, and a large paved driveway with off-street parking.
Built in 1910, the property is zoned R-M and totals 2,516 square feet. A composition roof and zoned heating support year-round usability for a variety of owner-occupied or income-focused setups.
Key Highlights
- Zoned R‑M duplex with two units: 3 bed/3 bath main unit and separate 1 bed/1 bath unit
- Full unfinished basement with a bathroom for added space
- Remodeled throughout: windows, electrical, plumbing, roofing, siding, drywall, and interior finishes
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
$22,725
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
3.64%
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%
$454,500
$454.5K
Cap Rate 7%
$324,643
$324.6K
Cap Rate 9%
$252,500
$252.5K
Market Conditions
NOI Build-Up for 2,516 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
$34.7K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.5K $12.90/SF
− OpEx
−$9.7K −$3.87/SF
NOI
$22.7K $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%
$454,500
Cap Rate 7%
$324,643
Cap Rate 9%
$252,500
Alternative Uses
Best Use
Multifamily LT 5
$324.6K
$284.1K – $378.8K
NOI $22,725 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$455.5K
$398.5K – $531.4K
NOI $31,883 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 97459, OR
14,932
Population
6,856
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
93%
High-School Grad
109.3 sq mi
ZIP Area
137
Density / Sq Mi
$79,679
Median Household Income
$39,665
Median Earnings
$1,066
Median Rent
$349,700
Median Home Value
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 - Fully remodeled duplex in R-M zoning with a 3 bed/3 bath main unit and separate 1 bed/1 bath unit plus an unfinished basement.
Where is this duplex located?
The property is located at 790 OREGON Ave North Bend, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Zoned R‑M duplex with two units: 3 bed/3 bath main unit and separate 1 bed/1 bath unit; Full unfinished basement with a bathroom for added space; Remodeled throughout: windows, electrical, plumbing, roofing, siding, drywall, and interior finishes
