Six-Unit Apartment
For Sale
$650,000
1035 W 11th St, Coquille, OR 97423
Six-unit property with varied layouts, storage, parking, yard space, and a recently replaced roof.
Property Size3,894 SF
Price / SF$166.92
Days on Market89
Property Features for 1035 W 11th St
General Information
Standard status
Active
Size
3,894 SF
Property subtype
Multi-Family
Units
Unit Mix
5 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
6
Additional Details
Asking Price
$650,000
Amenities
Storage
parking
yard space
shed plumbed for washer and dryer
washer and dryer hook-ups
Building Details
Year Built
1966
Listing Agency:
Grami Properties
Listed By:
Mariah Grami · License #200308203
(541) 260-4663
Source:
Rosecityrealtygroup
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 7 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grami Properties
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Investment Insights
Based on property information with market context.
This six-unit apartment property was built in 1966 and includes five two-bedroom, one-bath residences plus one three-bedroom, one-bath residence. The units feature efficient floor plans, while the property also provides storage, parking, yard area, and a shed equipped for washer and dryer installation. Some apartments include washer and dryer connections.
A new roof was installed in 2024. The property is located at 1035 W 11th St in Coquille, Oregon, providing an established multifamily configuration with a mix of two- and three-bedroom units.
A new roof was installed in 2024. The property is located at 1035 W 11th St in Coquille, Oregon, providing an established multifamily configuration with a mix of two- and three-bedroom units.
Key Highlights
- Six apartment units: five 2BR/1BA units and one 3BR/1BA unit
- New roof installed in 2024
- Storage, parking, and yard space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,614
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,280
$652.3K
Cap Rate 7%
$465,914
$465.9K
Cap Rate 9%
$362,378
$362.4K
Market Conditions
NOI Build-Up for 3,894 SF
Gross rent
$63.1K $16.20/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$59.3K $15.23/SF
− OpEx
−$26.7K −$6.85/SF
NOI
$32.6K $8.38/SF
Area
Coos County, OR
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,280
Cap Rate 7%
$465,914
Cap Rate 9%
$362,378
Alternative Uses
Best Use
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.9K
$616.8K – $822.4K
NOI $49,345 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
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Business Placement
Demographics for 97423, OR
6,986
Population
2,835
Households
2.5
Avg Household Size
49
Median Age
19%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
55
Density / Sq Mi
$57,665
Median Household Income
$36,250
Median Earnings
$1,150
Median Rent
$266,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit property with varied layouts, storage, parking, yard space, and a recently replaced roof.
Where is this apartment building located?
The property is located at 1035 W 11th St Coquille, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six apartment units: five 2BR/1BA units and one 3BR/1BA unit; New roof installed in 2024; Storage, parking, and yard space included
