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    Gold Beach Multifamily Investment Opportunity Title is generated by Realmo AI

    29940 HARBOR Way, Gold Beach, OR 97444

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    Claim this Listing
    New
    For Sale
    $2,200,000

    MULTI_FAMILY - GoldBeach, OR

    Lot size:
    0.80 Acres
    Added:
    May 26, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 29940 HARBOR Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    4C
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Standard status
    Active
    APN
    R19816
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Description
    P.P. 2023-02, PARCEL 1, ACRES 0.80
    Tax Annual Amount
    12770

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    9
    Roof type
    Metal

    We can help!

    Listing Contact
    Raymond Warren

    Listing agent Raymond Warren License #201242827

    Listing office RE/MAX Ultimate Coastal Properties PO Box 494, Gold Beach, OR

    Listing date May 26, 2026

    MLS# 786095037 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Outstanding investment opportunity with immediate cash flow potential from 8 existing homes.
    • Commercially zoned with the possibility to build two additional homes for future development.
    • Prime location near the Port of Gold Beach, shopping, coastal beaches, and the Rogue River.
    • Existing homes suitable for short‑term rentals, offering strong income potential.
    • Newly developed in 2023, minimizing immediate maintenance concerns.
    • Equipped with heat pump for both heating and cooling.

    Overview

    This recently developed 8-home multifamily complex is located near the Port of Gold Beach, Oregon, and is just minutes from local shopping, scenic coastal beaches, and the Rogue River. The property is commercially zoned and offers the possibility to build two additional homes, providing both immediate cash flow opportunities and future development upside. The existing homes may be used as short-term rentals, making this an attractive option for investors seeking strong income potential and long-term portfolio stability. This complex is positioned with exceptional potential on a lot that is 0.8 acres in size. The property is located in Curry County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gold Beach
    County
    Curry
    State
    Oregon
    Longitude
    -124.419342
    Latitude
    42.419477

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    FAQs

    What type of property is this?
    Apartment building - Rare 8-home multifamily complex near the Port of Gold Beach.
    Where is this apartment building located?
    The property is located at 29940 HARBOR Way Gold Beach, OR.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Outstanding investment opportunity with immediate cash flow potential from 8 existing homes.; Commercially zoned with the possibility to build two additional homes for future development.; Prime location near the Port of Gold Beach, shopping, coastal beaches, and the Rogue River.
    (541) 373-9448
    We can help!
    Listing Contact
    Raymond Warren
    Real Estate License ID: 201242827
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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