Building Details

Year Built 1999

Listing Agency: Pacific Coast Real Estate & Development

Listed By: Stacie Rudolfs · License #201213102 Show Phone

Source: Kw

Added: Jan 6 Changed: Oct 13 Last Checked: Oct 12 at 6:42PM

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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 Pacific Coast Real Estate & Development

Investment Insights

Based on property information with market context.

Built in 1999, this 1,800-square-foot duplex contains four bedrooms and four full bathrooms across two residential units. Each unit includes a galley-style kitchen with a freestanding refrigerator, built-in dishwasher, and freestanding range, along with a living room suited to daily use and entertaining. Primary bedrooms have private en-suite bathrooms, while zoned heating provides separately managed comfort within the home. A two-car garage adds covered parking and storage capacity. The property also features composition exterior materials.

Key Highlights

• 1,800‑square‑foot duplex with 4 bedrooms and 4 full bathrooms
• Two residential units, each with a galley kitchen and living room
• Kitchen appliances include refrigerators, built‑in dishwashers, and freestanding ranges

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,258

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,160 $325.2K

Cap Rate 7%

$232,257 $232.3K

Cap Rate 9%

$180,644 $180.6K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$24.8K $13.80/SF

− Vacancy

−$1.6K −$0.90/SF

EGI

$23.2K $12.90/SF

− OpEx

−$7.0K −$3.87/SF

NOI

$16.3K $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 Rate 5%

$325,160

Cap Rate 7%

$232,257

Cap Rate 9%

$180,644

Alternative Uses

Best Use

Multifamily LT 5

$232.3K

$203.2K – $271.0K (±1% cap)

NOI $16,258 @ 7.0% cap · market cap 4.07%

Second Best

Apartment 5plus

$215.4K

$188.5K – $251.3K (±1% cap)

NOI $15,076 @ 7.0% cap · market cap 3.78%

Theoretical Best

Office A

$325.9K

$285.1K – $380.2K (±1% cap)

NOI $22,810 @ 7.0% cap · market cap 5.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Parking Lot & Garage HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

133

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with appliance-equipped kitchens, private primary baths, and zoned heating.

Where is this duplex located?

The property is located at 1298 MINNESOTA AVE Coos Coos Bay, OR.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 1,800‑square‑foot duplex with 4 bedrooms and 4 full bathrooms; Two residential units, each with a galley kitchen and living room; Kitchen appliances include refrigerators, built‑in dishwashers, and freestanding ranges