Building Details

Year Built 1993

Buildings 1

Units 2

Listing Agency: Taylor & Taylor Realty Company

Listed By: Debra Williams · License #860200161 Show Phone

Source: Crexi

Added: Aug 16 Changed: Oct 10 Last Checked: Oct 14 at 11:54PM

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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 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.

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 / Yr

$26,077

Cap Rate

4.35%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $26,077 @ 7.0% cap · market cap 4.35%

Second Best

Apartment 5plus

$343.0K

$300.1K – $400.1K (±1% cap)

NOI $24,008 @ 7.0% cap · market cap 4.00%

Theoretical Best

Office A

$729.8K

$638.6K – $851.5K (±1% cap)

NOI $51,087 @ 7.0% cap · market cap 8.52%

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

Property Analytics

Current Use

Duplexes

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

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 duplexes 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?

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 $599,900.

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