Duplex with Oversized
New
For Sale
$620,000
26 Jewel Court, Depoe Bay, OR 97341
Residential Income, Depoe Bay, OR
Property Size2,798 SF
Lot Size0.26 Acres
Price / SF$221.59
Days on Market6
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
Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking
6
Parking features
Garage - Attached, Off Street, Driveway
Window features
Vinyl Frames, Blinds, Skylight(s)
Patio and Porch features
Patio
Exterior features
Garden
Fireplace
1
Appliances
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
backyard
gazebo
storage shed
on-site laundry
Building Details
Year built
1993
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
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: Aug 20
Last Checked: Aug 20 at 8:06AM
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.
This 2,798-square-foot duplex contains two separately configured residences. Unit A has 3 bedrooms and 2 baths, including a main-level bedroom and full bath, an upstairs primary suite with attached continental bath, skylights, and a gas fireplace. Unit B provides 2 bedrooms and 1 bath, with an open kitchen and dining area, skylight, laundry closet, and primarily single-level living. The property also includes an oversized double garage with laundry space, a separate storage shed, and a long driveway.
Outdoor features include a large backyard with a play structure and garden boxes, plus a gazebo near the front side yard. Built in 1993 on 0.26 acres, the duplex has R-2 Residential zoning, public water, and public sewer. It is situated on a cul-de-sac a few blocks from Depoe Bay City Hall, the harbor, and city park, with the Depoe Bay Bridge, shops, restaurants, and whale-watching attractions nearby. Both units are occupied by long-term tenants.
Outdoor features include a large backyard with a play structure and garden boxes, plus a gazebo near the front side yard. Built in 1993 on 0.26 acres, the duplex has R-2 Residential zoning, public water, and public sewer. It is situated on a cul-de-sac a few blocks from Depoe Bay City Hall, the harbor, and city park, with the Depoe Bay Bridge, shops, restaurants, and whale-watching attractions nearby. Both units are occupied by long-term tenants.
Key Highlights
- 2,798‑square‑foot duplex on a 0.26‑acre lot
- Unit A: 3 bedrooms, 2 baths, skylights, gas fireplace, and main‑level bedroom
- Unit B: 2 bedrooms, 1 bath, open kitchen and dining area, and laundry closet
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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
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 residential units offer distinct layouts, outdoor space, and off-street parking in a coastal Oregon community.
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 $620,000.
What are key features of this property?
This property features: 2,798‑square‑foot duplex on a 0.26‑acre lot; Unit A: 3 bedrooms, 2 baths, skylights, gas fireplace, and main‑level bedroom; Unit B: 2 bedrooms, 1 bath, open kitchen and dining area, and laundry closet
