Duplex with Two Separate
For Sale
$249,000
146 1ST St, Myrtle Point, OR 97458
MultiFamily, MyrtlePoint, OR
Property Size2,068 SF
Lot Size0.14 Acres
Price / SF$120.41
Days on Market133
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
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
View
City, Territorial
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 Stove, Wood, Pellet Stove, Forced Air
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Membrane, Composition
Listing Agency:
RE/MAX South Coast · RE/MAX International
(541) 297-7507
Listed By:
Julie Stephens
(503) 807-8910
Added: Jun 13
Changed: Oct 22
Last Checked: Oct 23 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This two-level duplex contains 2,068 square feet across two separate residences. The main-floor unit offers 1,073 square feet with two bedrooms and one bathroom; the lower unit has 995 square feet, two bedrooms, one bathroom, and two bonus or flex rooms. Each residence includes a kitchen, laundry hookups, private entrance, and electrical panel, while a forced-air furnace serves both units.
The main residence features a remodeled bathroom, stainless steel kitchen appliances, a wood stove insert, and a step-up walk-in closet in the primary bedroom. The lower unit has an eat-at kitchen counter, stainless steel oven and range, built-in microwave, and a pellet stove in the common area. The 0.14-acre property also includes outdoor space for RV or boat parking and a black walnut tree recognized on the Myrtle Point Tree Trail. Coquille River beach access and a boat ramp are less than half a mile away.
Built in 1900, the property is zoned R-1. Buyers are encouraged to verify duplex use with the City of Myrtle Point.
The main residence features a remodeled bathroom, stainless steel kitchen appliances, a wood stove insert, and a step-up walk-in closet in the primary bedroom. The lower unit has an eat-at kitchen counter, stainless steel oven and range, built-in microwave, and a pellet stove in the common area. The 0.14-acre property also includes outdoor space for RV or boat parking and a black walnut tree recognized on the Myrtle Point Tree Trail. Coquille River beach access and a boat ramp are less than half a mile away.
Built in 1900, the property is zoned R-1. Buyers are encouraged to verify duplex use with the City of Myrtle Point.
Key Highlights
- Two separate units total 2,068 square feet: 1,073‑square‑foot main level and 995‑square‑foot lower level
- Each unit has a kitchen, laundry hookups, private entrance, and electrical panel
- Both residences offer two bedrooms and one bathroom; lower level also has two flex rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,678
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,560
$373.6K
Cap Rate 7%
$266,829
$266.8K
Cap Rate 9%
$207,533
$207.5K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$28.5K $13.80/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$26.7K $12.90/SF
− OpEx
−$8.0K −$3.87/SF
NOI
$18.7K $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%
$373,560
Cap Rate 7%
$266,829
Cap Rate 9%
$207,533
Alternative Uses
Best Use
Multifamily LT 5
$266.8K
$233.5K – $311.3K
NOI $18,678 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$247.4K
$216.5K – $288.7K
NOI $17,320 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,206 @ 7.0% cap · market cap 10.52%
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
171
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?
Duplex - Each residence has its own kitchen, laundry hookups, private entrance, and electrical panel.
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 $249,000.
What are key features of this property?
This property features: Two separate units total 2,068 square feet: 1,073‑square‑foot main level and 995‑square‑foot lower level; Each unit has a kitchen, laundry hookups, private entrance, and electrical panel; Both residences offer two bedrooms and one bathroom; lower level also has two flex rooms
