Duplex with Attached
For Sale
$599,900
26 Jewel Court, Depoe Bay, OR 97341
Residential Income, Depoe Bay, OR
Property Size2,798 SF
Lot Size0.26 Acres
Price / SF$214.40
Days on Market51
Property Features for 26 Jewel Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2 Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5
Parking
6
Parking features
Off Street, Garage - Attached, Driveway
Window features
Blinds, Vinyl Frames, Skylight(s)
Patio and Porch features
Patio
Exterior features
Garden
Fireplace
1
Appliances
Dryer, Disposal, Dishwasher, Gas Range, Refrigerator, Washer, Dryer, Disposal, Dishwasher, Gas Range, Refrigerator, Washer
Subdivision
Depoe Bay
Lot features
Cul-De-Sac, Level, Rolling Slope, Wooded
Elementary school district
Lincoln County School District
Middle school district
Lincoln County School District
High school district
Lincoln County School District
Directions
Hwy 101, East on Schoolhouse Dr just before the Shell Station, right on Jewel Ct to the end of the cul-de-sac.
Standard status
Active
APN
091108DB0010200
Size
2,798 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5068
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
skylights
gas fireplace
play structure
garden boxes
gazebo
storage shed
Building Details
Year built
1993
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Laminate
Building materials
HardiPlank Type, Lap Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Debra P Williams · License #860200161
(503) 544-1190
Added: Aug 15
Changed: Oct 3
Last Checked: Oct 4 at 5:06PM
MLS# 26-2273
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1993, this 2,798-square-foot duplex contains two residences: one with three bedrooms and two baths, and another with two bedrooms and one bath. The larger unit includes a gas fireplace, skylights, a main-level bedroom and bath, and an oversized attached double garage with laundry space. The second residence has an open kitchen and dining area, a skylight, a laundry closet, and a primary bedroom with a sitting area. Its living area is primarily on one level, with a few steps between the living room and the rest of the home.
The property occupies 0.26 acres on a cul-de-sac in Depoe Bay, a few blocks from City Hall, the harbor, and a city park. The Depoe Bay Bridge is just to the south. Shops, restaurants, and whale-watching attractions are nearby. Outdoor features include a backyard with garden boxes and a play structure, a front-side-yard gazebo, a patio, and a separate storage shed. A long driveway offers off-street parking for at least two vehicles. The property is zoned R-2 Residential and has public water and sewer.
The property occupies 0.26 acres on a cul-de-sac in Depoe Bay, a few blocks from City Hall, the harbor, and a city park. The Depoe Bay Bridge is just to the south. Shops, restaurants, and whale-watching attractions are nearby. Outdoor features include a backyard with garden boxes and a play structure, a front-side-yard gazebo, a patio, and a separate storage shed. A long driveway offers off-street parking for at least two vehicles. The property is zoned R-2 Residential and has public water and sewer.
Key Highlights
- Duplex with 2,798 square feet across two residences
- Unit A: 3 bedrooms, 2 baths, two skylights, and a gas fireplace
- Unit B: 2 bedrooms, 1 bath, open kitchen and dining area, and a primary bedroom sitting area
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
4.35%
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 4.35%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a three-bedroom, two-bath unit and a two-bedroom, one-bath unit.
Where is this duplex located?
The property is located at 26 Jewel Court 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: Duplex with 2,798 square feet across two residences; Unit A: 3 bedrooms, 2 baths, two skylights, and a gas fireplace; Unit B: 2 bedrooms, 1 bath, open kitchen and dining area, and a primary bedroom sitting area
