Duplex With Attached
For Sale
$634,000
1123 S MORRISON ST, Coos Bay, OR 97420
Duplex property with an attached garage, crawl space, and G-I zoning.
Property Size3,650 SF
Days on Market128
Property Features for 1123 S MORRISON ST
General Information
Standard status
Active
Size
3,650 SF
Property subtype
Residential Income
Zoning
G-I
Net Operating Income
$34,664
Taxes and HOA fees
Annual Taxes
$5,943
Amenities
Zoned
Crawl Space
Attached, Garage
Building Details
Building Size
3,650 SF
Year Built
2005
Stories
2
Listing Agency:
(541) 404-1129
Listed By:
Michael Schleis · License #201222585
(541) 404-1129
Source:
Evrealestate
Added: Apr 15
Changed: Aug 13
Last Checked: Aug 19 at 6:32AM
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 Michael Schleis
Investment Insights
Based on property information with market context.
This duplex property at 1123 S Morrison St in Coos Bay includes an attached garage and crawl space. The building was constructed in 2005, providing a relatively recent improvement profile within the property’s existing configuration. Zoning is identified as G-I, and the property is located in Coos County. Access is described from Newmark, traveling south on Morrison to the end and turning onto a gravel driveway on the left. The available information identifies no interior features beyond the crawl space and zoning designation.
Key Highlights
- Duplex property at 1123 S MORRISON ST, Coos Bay, OR 97420
- Constructed in 2005
- Attached garage
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
$32,967
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
5.20%
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%
$659,340
$659.3K
Cap Rate 7%
$470,957
$471.0K
Cap Rate 9%
$366,300
$366.3K
Market Conditions
NOI Build-Up for 3,650 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
$50.4K $13.80/SF
− Vacancy
−$3.3K −$0.90/SF
EGI
$47.1K $12.90/SF
− OpEx
−$14.1K −$3.87/SF
NOI
$33.0K $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%
$659,340
Cap Rate 7%
$470,957
Cap Rate 9%
$366,300
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,967 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$436.7K
$382.1K – $509.5K
NOI $30,570 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$660.8K
$578.2K – $770.9K
NOI $46,253 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex property with an attached garage, crawl space, and G-I zoning.
Where is this duplex located?
The property is located at 1123 S MORRISON ST Coos Bay, OR.
What is the asking price?
The asking price for this property is $634,000.
What are key features of this property?
This property features: Duplex property at 1123 S MORRISON ST, Coos Bay, OR 97420; Constructed in 2005; Attached garage
