Two-Unit Duplex with
For Sale
$599,900
26 JEWEL CT, Depoe Bay, OR 97341
Two distinct floor plans include a three-bedroom residence and a two-bedroom unit, each with dedicated laundry space.
Property Size2,798 SF
Price / SF$214.40
Days on Market52
Property Features for 26 JEWEL CT
General Information
Standard status
Active
Size
2,798 SF
Property subtype
Multifamily
Building Details
Year Built
1993
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
Debra Williams · License #860200161
(503) 544-1190
Source:
Beachlooprealty
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 31 at 3:39AM
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 Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1993 duplex contains 2,798 square feet across two homes. Unit A has three bedrooms and two bathrooms, with a main-level bedroom and full bath, an upstairs primary bedroom with an attached continental bath, two skylights, and a gas fireplace. Its oversized double garage includes a laundry area. Unit B offers two bedrooms and one bathroom, an open kitchen and dining area, a skylight, a laundry closet, and a primary bedroom with a sitting area. Most of the living space is on one level, with a couple of steps between the living room and the rest of the home. Outdoor features include a backyard play structure, garden boxes, a gazebo in the front side yard, a long driveway, and a separate storage shed.
The property sits on a cul-de-sac a few blocks from Depoe Bay City Hall, the harbor, and the city park, and south of Depoe Bay Bridge. Shops, restaurants, and whale-watching attractions are nearby. Current tenants are long-term and would like to remain.
The property sits on a cul-de-sac a few blocks from Depoe Bay City Hall, the harbor, and the city park, and south of Depoe Bay Bridge. Shops, restaurants, and whale-watching attractions are nearby. Current tenants are long-term and would like to remain.
Key Highlights
- 2,798‑square‑foot duplex built in 1993
- Unit A: 3 bedrooms, 2 bathrooms, two skylights, and a gas fireplace
- Unit B: 2 bedrooms, 1 bathroom, skylight, and primary bedroom sitting area
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
NOI $26,077 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$729.8K
$638.6K – $851.5K
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
173
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct floor plans include a three-bedroom residence and a two-bedroom unit, each with dedicated laundry space.
Where is this duplex located?
The property is located at 26 JEWEL CT 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: 2,798‑square‑foot duplex built in 1993; Unit A: 3 bedrooms, 2 bathrooms, two skylights, and a gas fireplace; Unit B: 2 bedrooms, 1 bathroom, skylight, and primary bedroom sitting area
