Historic Mixed-Use
New
For Sale
$1,585,000
176 E Market Ave, Coos Bay, OR 97420
A downtown Coos Bay building combines 15 apartments with six retail suites.
Property SizeContact for details
Days on Market2
Property Features for 176 E Market Ave
General Information
Standard status
Active
Property subtype
Mixed-Use
Occupancy
10%
Additional Details
Cap Rate
8.06%
Multifamily Units
15
Amenities
Offered with Seller Financing Terms: Attractive Acquisition Terms Include a Suggested 25% Down Payment, 6% Rate, and 10-Year Term
Historic Mixed-Use Asset: Built in 1911, Featuring 15 Apartments and Six Retail Suites in Downtown Coos Bay
Residential Value Opportunity: Current Apartment Rents Offer More Than 13 Percent Upside Through Strategic Lease Adjustments
Retail Revenue Potential: Existing Commercial Rents Provide More Than 20 Percent Upside Through Future Rent Growth
Targeted Capital Improvement: Recent Structural Improvements, Updated Electrical Systems in the West Building and Light Renovations in Nine Residential Units
Diverse Income Streams: Residential and Retail Components Provide Revenue Diversification and Reduced Investment Risk
Prime Downtown Location: Walkable Coos Bay Setting Offers Convenient Access to Shopping, Dining, Services, and Employment
Building Details
Year Built
1911
Units
15
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Whitney Rhoades · License #License(s): OR: 201204200, WA: 25012784
(503) 200-2022
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 20 at 5:03PM
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 Marcus & Millichap - Portland
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Investment Insights
Based on property information with market context.
Built in 1911, this mixed-use property contains 15 residential units and six retail suites at 176 E Market Ave in downtown Coos Bay. Apartment interiors have roughly 10-foot ceilings, natural light, full kitchens, and functional layouts, with cadet or baseboard electric heat. Structural and electrical systems in the west building have been updated.
The residential and retail components offer separate opportunities for rental growth, with stated upside of more than 13 percent for apartment rents and more than 20 percent for retail rents. The address is in downtown Coos Bay, near shopping, dining, employment, professional services, and community amenities.
The residential and retail components offer separate opportunities for rental growth, with stated upside of more than 13 percent for apartment rents and more than 20 percent for retail rents. The address is in downtown Coos Bay, near shopping, dining, employment, professional services, and community amenities.
Key Highlights
- 15 residential units and six retail suites in one property
- Constructed in 1911 at 176 E Market Ave in downtown Coos Bay
- Apartments feature approximately 10‑foot ceilings, full kitchens, and cadet or baseboard electric heat
Property Analytics
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A downtown Coos Bay building combines 15 apartments with six retail suites.
Where is this mixed-use property located?
The property is located at 176 E Market Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: 15 residential units and six retail suites in one property; Constructed in 1911 at 176 E Market Ave in downtown Coos Bay; Apartments feature approximately 10‑foot ceilings, full kitchens, and cadet or baseboard electric heat
