Historic Duplex with Solar
For Sale
$580,000
2206 Marion ST, North Bend, OR 97459
Remodeled Victorian duplex with two primary suites, a separate apartment, and flexible bonus space.
Property Size2,610 SF
Price / SF$222.22
Days on Market48
Property Features for 2206 Marion ST
General Information
Standard status
Active
Size
2,610 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
pellet stove
brick fire pit
covered breezeway
private courtyard
shop
solar energy system
bonus room
pantry with pull-out shelving
walk-in closet
walk-in shower
jetted tub
custom tile
LVP flooring
teakwood countertops
stainless steel appliances
new deck
Building Details
Year Built
1910
Construction
Victorian
Listing Agency:
More Realty
(503) 869-8396
Listed By:
Linnea Kittrell
(541) 556-5292
Source:
Oregonrealestateadvisors
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 8:24PM
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 More Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this 2,610-square-foot duplex combines Victorian character with extensive updates. The main residence includes 4 bedrooms, 3 updated bathrooms, two primary suites, a bonus room, foyer, dining and living areas, kitchen, parlor, and oversized pantry. Historic details include high ceilings, crown molding, exposed beams, and a pellet stove, while improvements include teakwood countertops, stainless steel appliances, LVP flooring, updated lighting, newer doors, furnace, water heater, gutters, and roofing approximately 2 years old.
A separate 1-bedroom, 1-bathroom apartment includes a new 6x12 deck. Exterior features include a fully fenced yard, brick fire pit, covered breezeway, private courtyard wired for a hot tub, approximately 17x23 shop with 220 power and a separate electrical panel, and a 2-car garage. The property also has a full solar energy system and is located in North Bend, Oregon.
A separate 1-bedroom, 1-bathroom apartment includes a new 6x12 deck. Exterior features include a fully fenced yard, brick fire pit, covered breezeway, private courtyard wired for a hot tub, approximately 17x23 shop with 220 power and a separate electrical panel, and a 2-car garage. The property also has a full solar energy system and is located in North Bend, Oregon.
Key Highlights
- 2,610‑square‑foot duplex built in 1910
- Main residence offers 4 bedrooms, 3 bathrooms, and two primary suites
- Separate 1‑bedroom, 1‑bathroom apartment with a new 6x12 deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,574
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,480
$471.5K
Cap Rate 7%
$336,771
$336.8K
Cap Rate 9%
$261,933
$261.9K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$36.0K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$33.7K $12.90/SF
− OpEx
−$10.1K −$3.87/SF
NOI
$23.6K $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%
$471,480
Cap Rate 7%
$336,771
Cap Rate 9%
$261,933
Alternative Uses
Best Use
Multifamily LT 5
$336.8K
$294.7K – $392.9K
NOI $23,574 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$472.5K
$413.4K – $551.2K
NOI $33,074 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
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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?
Duplex - Remodeled Victorian duplex with two primary suites, a separate apartment, and flexible bonus space.
Where is this duplex located?
The property is located at 2206 Marion ST North Bend, OR.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2,610‑square‑foot duplex built in 1910; Main residence offers 4 bedrooms, 3 bathrooms, and two primary suites; Separate 1‑bedroom, 1‑bathroom apartment with a new 6x12 deck
