Building Details

Year Built 1931

Listing Agency: Pacific Coast Real Estate & Development, LLC

Listed By: Levi Rider · License #201225928 Show Phone

Source: Wisser

Added: Jul 24 Changed: Oct 4 Last Checked: Oct 12 at 10:37PM

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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

Investment Insights

Based on property information with market context.

This 1,368-square-foot triplex, built in 1931, contains three one-bedroom, one-bathroom units. The apartments feature functional layouts, laminate and vinyl flooring, and included appliances. The upstairs unit is currently vacant and available for viewing. The property is offered in its existing condition.

Located just off Highway 101 in Bandon, the property is minutes from Old Town Bandon, shopping, restaurants, and Oregon Coast beaches. On-site parking serves the building, while commercial zoning and inclusion in an opportunity and enterprise zone are additional property characteristics.

Key Highlights

• Three 1‑bedroom, 1‑bathroom units in a triplex configuration
• 1,368 SF building constructed in 1931
• Upstairs unit currently vacant and available for viewing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,356

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$247,120 $247.1K

Cap Rate 7%

$176,514 $176.5K

Cap Rate 9%

$137,289 $137.3K

Market Conditions

NOI Build-Up for 1,368 SF

Gross rent

$18.9K $13.80/SF

− Vacancy

−$1.2K −$0.90/SF

EGI

$17.7K $12.90/SF

− OpEx

−$5.3K −$3.87/SF

NOI

$12.4K $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%

$247,120

Cap Rate 7%

$176,514

Cap Rate 9%

$137,289

Alternative Uses

Best Use

Multifamily LT 5

$176.5K

$154.5K – $205.9K (±1% cap)

NOI $12,356 @ 7.0% cap · market cap 3.18%

Second Best

Apartment 5plus

$163.7K

$143.2K – $191.0K (±1% cap)

NOI $11,458 @ 7.0% cap · market cap 2.95%

Theoretical Best

Office A

$247.6K

$216.7K – $288.9K (±1% cap)

NOI $17,335 @ 7.0% cap · market cap 4.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Pharmacy Grocery & Convenience Store HVAC Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Explore this area Business Placement

Demographics for 97411, OR

7,572

Population

4,396

Households

1.7

Avg Household Size

59

Median Age

27%

College-Educated

95%

High-School Grad

128.6 sq mi

ZIP Area

59

Density / Sq Mi

$48,476

Median Household Income

$27,375

Median Earnings

$920

Median Rent

$425,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Commercially zoned triplex with on-site parking and a vacant upstairs unit available for viewing.

Where is this triplex located?

The property is located at 195 17th St SE Bandon, OR.

What is the asking price?

The asking price for this property is $389,000.

What are key features of this property?

This property features: Three 1‑bedroom, 1‑bathroom units in a triplex configuration; 1,368 SF building constructed in 1931; Upstairs unit currently vacant and available for viewing