Six-Unit Apartment
For Sale
$650,000
1035 W 11TH St, Coquille, OR 97423
MultiFamily, Coquille, OR
Property Size3,894 SF
Lot Size0.32 Acres
Price / SF$166.92
Days on Market166
Property Features for 1035 W 11TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 1, Bathroom 4, Bedroom 11, Bedroom 7, Bathroom 3, Bedroom 4, Bedroom 10, Bedroom 3, Bathroom 2, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 5
Elementary school
Coquille
Middle school
Coquille
High school
Coquille
Directions
W Central BLVD to N Knott ST to W 11th ST
Subdivision
_260
Standard status
Active
APN
738802
Size
3,894 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
27-13-36CC TL 2600
Tax Annual Amount
3672
Legal Description
27-13-36CC TL 2600
Utilities
Heating system
Baseboard
Amenities
storage
parking
yard space
shed plumbed for washer and dryer
washer and dryer hook-ups
Building Details
Year built
1966
Floors in Building
1
Number of units
6
Roof type
Composition
Listing Agency:
Grami Properties
(541) 260-4663
Listed By:
Mariah Grami · License #200308203
(541) 290-7808
Added: Mar 27
Changed: Sep 2
Last Checked: Sep 8 at 10:06PM
MLS# 377991127
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 six-unit apartment property contains five two-bedroom, one-bath units and one three-bedroom, one-bath unit within 3,894 square feet. The building was constructed in 1966 and is heated by baseboard systems. A composition roof was replaced in 2024, providing a recent improvement to the property.
The 0.32-acre parcel includes parking, storage, yard space, and a shed plumbed for washer and dryer connections. Some apartments also have washer and dryer hookups. The property is located in Coquille, Oregon, and carries R zoning.
The 0.32-acre parcel includes parking, storage, yard space, and a shed plumbed for washer and dryer connections. Some apartments also have washer and dryer hookups. The property is located in Coquille, Oregon, and carries R zoning.
Key Highlights
- Six apartment units: five 2BR/1BA units and one 3BR/1BA unit
- 3,894 square feet on a 0.32‑acre parcel
- Composition roof replaced in 2024
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
$32,614
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
5.02%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property with varied unit layouts, parking, storage, and shared yard space.
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; 3,894 square feet on a 0.32‑acre parcel; Composition roof replaced in 2024
