Triplex With Large
For Sale
$325,000
131 ASH St, Myrtle Point, OR 97458
MultiFamily, MyrtlePoint, OR
Property Size2,876 SF
Price / SF$113
Days on Market166
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 2, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
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
Listed By:
Joseph Aguirre
(541) 808-3297
Added: May 8
Changed: Oct 20
Last Checked: Oct 20 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.
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Investment Insights
Based on property information with market context.
Built in 1909, this 2876-square-foot triplex includes three residential units with distinct layouts. The ground-level apartment offers two bedrooms, hardwood flooring, and a bay window. Two additional one-bedroom apartments are positioned upstairs, each approximately 750 square feet. Zoned heating serves the property, which also has a composition roof described as newer.
The improvements sit on a large corner lot adjacent to the city park in Myrtle Point. Outdoor features include a yard and porches oriented toward the park and surrounding neighborhood. A detached 26X32 shop adds a loft area and is complemented by ample parking, providing substantial accessory space alongside the residential units.
The property is zoned R-1 and combines multifamily housing with a sizable shop on an in-town parcel.
The improvements sit on a large corner lot adjacent to the city park in Myrtle Point. Outdoor features include a yard and porches oriented toward the park and surrounding neighborhood. A detached 26X32 shop adds a loft area and is complemented by ample parking, providing substantial accessory space alongside the residential units.
The property is zoned R-1 and combines multifamily housing with a sizable shop on an in-town parcel.
Key Highlights
- Three‑unit property totaling 2876 square feet
- Ground‑floor two‑bedroom apartment with hardwood floors and bay window
- Two upstairs one‑bedroom apartments, each approximately 750 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,976
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit income property with a two-bedroom main residence, two upstairs apartments, yard, porches, and on-site parking.
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: Three‑unit property totaling 2876 square feet; Ground‑floor two‑bedroom apartment with hardwood floors and bay window; Two upstairs one‑bedroom apartments, each approximately 750 square feet
