Two-Unit Duplex
For Sale
$289,000
146 1ST St, Myrtle Point, OR 97458
MULTI_FAMILY - MyrtlePoint, OR
Property Size2,068 SF
Lot Size0.14 Acres
Price / SF$139.75
Days on Market51
Property Features for 146 1ST St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
View
Territorial, City
Elementary school
Myrtle Crest
Middle school
Myrtle Point
High school
Myrtle Point
Directions
Corner of Lampa Ln & 1st St
Subdivision
_260
Standard status
Active
APN
1119800
Size
2,068 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
29S-12W-08DD TL 02000
Tax Annual Amount
2714
Legal Description
29S-12W-08DD TL 02000
Utilities
Heating system
Wood, Forced Air, Wood Stove, Pellet Stove
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Roof type
Membrane, Composition
Listing Agency:
RE/MAX South Coast · RE/MAX International
(541) 297-7507
Listed By:
Julie Stephens · License #201223170
(503) 807-8910
Added: Jun 13
Changed: Jul 29
Last Checked: Aug 2 at 8:06PM
MLS# 764274272
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 classic two-story residence in Myrtle Point has been divided into two separate living spaces, creating flexibility as a duplex or for multigenerational living. The main floor unit offers two bedrooms and one bath, with a generous living room featuring a wood stove insert for supplemental heat (certification status of the wood stove is unknown). The kitchen includes stainless steel appliances, and the bathroom is fully remodeled. Washer/dryer are included for the main floor unit.
The lower-level unit provides two bedrooms and one bath, along with multiple bonus/flex spaces. It also includes a kitchen with an eat-at counter and stainless steel oven/range and built-in microwave, with room for a small dishwasher. A stand-alone pellet stove is located in the common area for supplemental heating.
Both units have their own kitchen, laundry hookups, private entrance, and electrical panel. Forced air furnace service is provided for both units. The yard includes established flowers and shrubs, plus a large black walnut tree recognized as part of the Myrtle Point Tree Trail. Buyers are encouraged to check with the City of Myrtle Point to verify use as a duplex.
The lower-level unit provides two bedrooms and one bath, along with multiple bonus/flex spaces. It also includes a kitchen with an eat-at counter and stainless steel oven/range and built-in microwave, with room for a small dishwasher. A stand-alone pellet stove is located in the common area for supplemental heating.
Both units have their own kitchen, laundry hookups, private entrance, and electrical panel. Forced air furnace service is provided for both units. The yard includes established flowers and shrubs, plus a large black walnut tree recognized as part of the Myrtle Point Tree Trail. Buyers are encouraged to check with the City of Myrtle Point to verify use as a duplex.
Key Highlights
- Property divided into two separate living spaces (main unit plus lower unit) for flexible multigenerational living or rental use
- Main floor unit: 1,073 SF with 2 beds/1 bath, high ceilings, and a wood stove insert for supplemental heating (certification unknown)
- Lower level unit: 995 SF with 2 beds/1 bath plus multiple bonus/flex spaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $13.80 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $26.7k | $12.90 |
| − OpEx | −$8.0k | −$3.87 |
| NOI | $18.7k | $9.03 |
2,068 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.8K
$233.5K – $311.3K
NOI $18,678 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$247.4K
$216.5K – $288.7K
NOI $17,320 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,206 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
171
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?
Duplex - Duplex-style two-story home with two separate units, each with its own kitchen, laundry hookups, and private entrance.
Where is this duplex located?
The property is located at 146 1ST St Myrtle Point, OR.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Property divided into two separate living spaces (main unit plus lower unit) for flexible multigenerational living or rental use; Main floor unit: 1,073 SF with 2 beds/1 bath, high ceilings, and a wood stove insert for supplemental heating (certification unknown); Lower level unit: 995 SF with 2 beds/1 bath plus multiple bonus/flex spaces
