Duplex with Shared Oversized
New
For Sale
$369,000
1431 Central AVE, Coos Bay, OR 97420
Two distinct residences share laundry facilities, outdoor decking, and a fenced backyard.
Property Size3,088 SF
Price / SF$119.49
Days on Market2
Property Features for 1431 Central AVE
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
laundry room
shared garage
deck
fenced backyard
top of hill view
Building Details
Year Built
1910
Stories
2
Listing Agency:
Knipe Realty Era Powered
Listed By:
NW Pacific Realty
(503) 783-9401
Source:
Nwpacificrealty
Added: Nov 1
Last Checked: Nov 1 at 4:35AM
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 Knipe Realty Era Powered
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Investment Insights
Based on property information with market context.
This 3,088-square-foot duplex includes a 2,032-square-foot main residence and a 1,056-square-foot lower apartment. The main unit has two bedrooms with walk-in closets, two full bathrooms, an office, formal dining room, living room with oak flooring and a pellet stove, family room, and sunroom. The apartment contains a bedroom, bathroom, full kitchen, and living room. Both residences have slider access to the deck and fenced backyard.
A shared oversized garage includes a separate work area, and the laundry room beside it serves both units. The property was built in 1910. Parking accommodates an RV and boat. The lower apartment is rented; the main residence has been owner-occupied and is ready for occupancy by an owner or renter.
A shared oversized garage includes a separate work area, and the laundry room beside it serves both units. The property was built in 1910. Parking accommodates an RV and boat. The lower apartment is rented; the main residence has been owner-occupied and is ready for occupancy by an owner or renter.
Key Highlights
- Two residences totaling 3,088 square feet: 2,032‑square‑foot main unit and 1,056‑square‑foot lower apartment
- Main residence includes two bedrooms, two full bathrooms, an office, formal dining room, family room, and sunroom
- Lower apartment has a bedroom, bathroom, full kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,891
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,820
$557.8K
Cap Rate 7%
$398,443
$398.4K
Cap Rate 9%
$309,900
$309.9K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$42.6K $13.80/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$39.8K $12.90/SF
− OpEx
−$12.0K −$3.87/SF
NOI
$27.9K $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%
$557,820
Cap Rate 7%
$398,443
Cap Rate 9%
$309,900
Alternative Uses
Best Use
Multifamily LT 5
$398.4K
$348.6K – $464.9K
NOI $27,891 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$559.0K
$489.1K – $652.2K
NOI $39,131 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences share laundry facilities, outdoor decking, and a fenced backyard.
Where is this duplex located?
The property is located at 1431 Central AVE Coos Bay, OR.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two residences totaling 3,088 square feet: 2,032‑square‑foot main unit and 1,056‑square‑foot lower apartment; Main residence includes two bedrooms, two full bathrooms, an office, formal dining room, family room, and sunroom; Lower apartment has a bedroom, bathroom, full kitchen, and living room
