Triplex with Large
For Sale
$325,000
131 ASH St, Myrtle Point, OR 97458
MULTI_FAMILY - MyrtlePoint, OR
Property Size2,876 SF
Price / SF$113
Days on Market96
Property Features for 131 ASH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 3
View
Park
Elementary school
Myrtle Crest
Middle school
Myrtle Point
High school
Myrtle Point
Directions
Ash street to address. On the Right across from the skate park.
Subdivision
_260
Standard status
Active
APN
3454800
Size
2,876 SF
Taxes and HOA fees
Tax Description
T29 R12 S8DD TL3000
Tax Annual Amount
2105
Legal Description
T29 R12 S8DD TL3000
Utilities
Heating system
Zoned
Building Details
Year built
1909
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Joseph Aguirre · License #201012096
(541) 808-3297
Added: May 8
Changed: Aug 11
Last Checked: Aug 11 at 8:06PM
MLS# 663516468
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 triplex property features a first-floor two-bedroom apartment and two upstairs one-bedroom apartments. The first floor includes a large bay window, hardwood floors, and other character features. The upstairs layout provides two separate one-bedroom units, and the property also includes a large shop with loft area.
Set on a large corner lot adjacent to the city park, the property offers porch space and yard area. The shop measures 26X32 and includes a loft area, with plenty of parking available for the residence and shop.
The property was built in 1909. Roofing is composition, and heating is described as zoned.
Set on a large corner lot adjacent to the city park, the property offers porch space and yard area. The shop measures 26X32 and includes a loft area, with plenty of parking available for the residence and shop.
The property was built in 1909. Roofing is composition, and heating is described as zoned.
Key Highlights
- Triplex layout with one two‑bedroom unit on the first floor and two one‑bedroom units upstairs
- Large 26X32 shop with loft area, plus plenty of parking
- Corner lot with porch space and yard, adjacent to the city park
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
$25,976
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
7.99%
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%
$519,520
$519.5K
Cap Rate 7%
$371,086
$371.1K
Cap Rate 9%
$288,622
$288.6K
Market Conditions
NOI Build-Up for 2,876 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
$39.7K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.1K $12.90/SF
− OpEx
−$11.1K −$3.87/SF
NOI
$26.0K $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%
$519,520
Cap Rate 7%
$371,086
Cap Rate 9%
$288,622
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $432.9K
NOI $25,976 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$520.6K
$455.6K – $607.4K
NOI $36,445 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 97458, OR
4,729
Population
2,376
Households
2
Avg Household Size
50
Median Age
13%
College-Educated
90%
High-School Grad
360.9 sq mi
ZIP Area
13
Density / Sq Mi
$51,703
Median Household Income
$41,406
Median Earnings
$800
Median Rent
$251,400
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?
Triplex - Triplex built in 1909 with R-1 zoning, composition roof, and a large shop on a corner lot near the city park.
Where is this triplex located?
The property is located at 131 ASH St Myrtle Point, OR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Triplex layout with one two‑bedroom unit on the first floor and two one‑bedroom units upstairs; Large 26X32 shop with loft area, plus plenty of parking; Corner lot with porch space and yard, adjacent to the city park
