Six-Unit Apartment
For Sale
$535,000
1900 Monroe St, North Bend, OR 97459
Fully occupied multifamily property with varied unit layouts and recent improvements, including a new roof.
Property Size3,024 SF
Price / SF$176.92
Days on Market48
Property Features for 1900 Monroe St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA, 1 x studio, 1 x 2BR/1.5BA
Multifamily Units
6
Building Details
Year Built
1946
Listing Agency:
Pacific Coast Real Estate & Development, LLC
Listed By:
Amy Aguirre, Joseph Aguirre
Source:
Rosecityrealtygroup
Added: Sep 6
Changed: Oct 4
Last Checked: Oct 7 at 3:26PM
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 Pacific Coast Real Estate & Development, LLC
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Investment Insights
Based on property information with market context.
This six-unit apartment property includes four one-bedroom, one-bath units, one studio, and one two-bedroom unit with one and a half baths. The building contains 3,024 square feet and was constructed in 1946. Multiple units have received recent updates, and the property has a new roof.
Situated on a corner lot at 1900 Monroe St in North Bend, the property is described as walkable to in-town amenities. All units are currently occupied. Showings are available by appointment only, with no tenant disturbance requested.
Situated on a corner lot at 1900 Monroe St in North Bend, the property is described as walkable to in-town amenities. All units are currently occupied. Showings are available by appointment only, with no tenant disturbance requested.
Key Highlights
- Six‑unit apartment property with 3,024 square feet
- Unit mix includes four 1 bed/1 bath units, one studio, and one 2 bed/1.5 bath unit
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,327
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,540
$506.5K
Cap Rate 7%
$361,814
$361.8K
Cap Rate 9%
$281,411
$281.4K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$49.0K $16.20/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$46.0K $15.23/SF
− OpEx
−$20.7K −$6.85/SF
NOI
$25.3K $8.38/SF
Area
Coos County, OR
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,540
Cap Rate 7%
$361,814
Cap Rate 9%
$281,411
Alternative Uses
Best Use
Apartment 5plus
$361.8K
$316.6K – $422.1K
NOI $25,327 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 97459, OR
14,932
Population
6,856
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
93%
High-School Grad
109.3 sq mi
ZIP Area
137
Density / Sq Mi
$79,679
Median Household Income
$39,665
Median Earnings
$1,066
Median Rent
$349,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with varied unit layouts and recent improvements, including a new roof.
Where is this apartment building located?
The property is located at 1900 Monroe St North Bend, OR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Six‑unit apartment property with 3,024 square feet; Unit mix includes four 1 bed/1 bath units, one studio, and one 2 bed/1.5 bath unit; Fully occupied
