Duplex with Two-Car
For Sale
Contact for pricing
26 Jewel Court #A & B, Depoe Bay, OR 97341
Two separate residences offer varied layouts, outdoor areas, storage, and off-street parking within a residential setting.
Property Size2,798 SF
Price / SF$221.59
Days on Market16
Property Features for 26 Jewel Court #A & B
General Information
Standard status
Active
Size
2,798 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
R-2 Residential
Net Operating Income
$31,392
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
gas fireplace
skylights
laundry area
backyard
play structure
garden boxes
gazebo
storage shed
Building Details
Year Built
1993
Buildings
1
Units
2
Listing Agency:
Taylor & Taylor Realty Company
(541) 994-9111
Listed By:
Debra Williams · License #860200161
Source:
Crexi
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 4:49PM
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 Taylor & Taylor Realty Company
Investment Insights
Based on property information with market context.
This 1993-built duplex includes two distinct residences with complementary layouts. Unit A has three bedrooms and two baths, including a main-level bedroom and full bath, plus an upstairs primary suite with an attached continental bath. Unit B provides two bedrooms and one bath in a primarily single-level arrangement. Both units include skylights, while Unit A also features a gas fireplace. The property includes a two-car garage with laundry space, a separate storage shed, a backyard with play equipment and garden boxes, and a gazebo in the front side yard.
Located at 26 Jewel Court in Depoe Bay, the property sits on a cul-de-sac near City Hall, the harbor, and a city park. The Depoe Bay Bridge, shops, restaurants, and whale-watching attractions are also nearby. Zoning is R-2 Residential.
Located at 26 Jewel Court in Depoe Bay, the property sits on a cul-de-sac near City Hall, the harbor, and a city park. The Depoe Bay Bridge, shops, restaurants, and whale-watching attractions are also nearby. Zoning is R-2 Residential.
Key Highlights
- Two‑unit duplex built in 1993
- Unit A offers 3 bedrooms and 2 baths with a gas fireplace and two skylights
- Unit B includes 2 bedrooms, 1 bath, an open kitchen and dining area, and a skylight
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,540
$521.5K
Cap Rate 7%
$372,529
$372.5K
Cap Rate 9%
$289,744
$289.7K
Market Conditions
NOI Build-Up for 2,798 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.6K $13.80/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$37.3K $13.31/SF
− OpEx
−$11.2K −$3.99/SF
NOI
$26.1K $9.32/SF
Area
Lincoln County, OR
Vacancy
3.52%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,540
Cap Rate 7%
$372,529
Cap Rate 9%
$289,744
Alternative Uses
Best Use
Multifamily LT 5
$372.5K
$326.0K – $434.6K
NOI $26,077 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$729.8K
$638.6K – $851.5K
NOI $51,087 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 97341, OR
2,659
Population
2,693
Households
1
Avg Household Size
60
Median Age
32%
College-Educated
98%
High-School Grad
9.9 sq mi
ZIP Area
269
Density / Sq Mi
$62,917
Median Household Income
$47,273
Median Earnings
$1,316
Median Rent
$344,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer varied layouts, outdoor areas, storage, and off-street parking within a residential setting.
Where is this duplex located?
The property is located at 26 Jewel Court #A & B Depoe Bay, OR.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1993; Unit A offers 3 bedrooms and 2 baths with a gas fireplace and two skylights; Unit B includes 2 bedrooms, 1 bath, an open kitchen and dining area, and a skylight
