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Townhome Apartment Community
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324 Ackerman Avenue, Coos Bay, OR 97420

Townhome-style layouts include two- and three-bedroom units with washer/dryer hookups and access to surface parking.

Property SizeContact for details
Lot Size14.64 Acres
Days on Market47

Property Features for 324 Ackerman Avenue

General Information

Standard status Active
Total Parking Spaces 155
Lot size 14.64 Acres
Property subtype Multifamily, Land
Net Operating Income $570,764

Units

Unit Mix 24 x 2BR/1BA, 36 x 3BR/1BA
Multifamily Units 60

Amenities

washer and dryer hookups

Building Details

Year Built 1974
Buildings 5
Units 60
Listing Agency: Marcus & Millichap - Portland
Listed By: Whitney Rhoades · License #201204200
Source: Crexi
Added: Jul 16 Changed: Aug 29 Last Checked: Aug 29 at 3:21PM

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 Marcus & Millichap - Portland

Investment Insights

Based on property information with market context.

Parkside Village is a 60-unit apartment community at 324 Ackerman Avenue in Coos Bay, Oregon, arranged as two- and three-bedroom townhome units. The mix includes 24 two-bedroom, one-bath homes and 36 three-bedroom, one-bath homes, averaging approximately 960 square feet. Each unit has washer and dryer hookups, and the property provides approximately 150 surface parking spaces across a low-density site with open areas and a central greenspace.

The community directly adjoins John Topits Park and the Empire Lakes recreational area, a 120-acre public park with walking and biking trails, lakes, and preserved natural space. A school bus stop is located at the west end of the property. The approximately 14.64-acre site includes substantial undeveloped greenspace, with potential for as many as 60 additional units subject to buyer verification and entitlement approvals.

Current ownership has completed renovations in select units, while additional interiors remain available for improvement. The property is offered as an income-producing multifamily asset with existing operations and a sizable land component.

Key Highlights

  • 60‑unit townhome apartment community at 324 Ackerman Avenue, Coos Bay, OR 97420
  • Approximately 14.64 acres with low‑density residential layout and central greenspace
  • Unit mix includes 24 two‑bedroom and 36 three‑bedroom, one‑bath townhomes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60
Residential units

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 97420, OR

27,454
Population
12,967
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
89%
High-School Grad
273.9 sq mi
ZIP Area
100
Density / Sq Mi
$61,624
Median Household Income
$35,536
Median Earnings
$982
Median Rent
$282,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Townhome-style layouts include two- and three-bedroom units with washer/dryer hookups and access to surface parking.
Where is this apartment building located?
The property is located at 324 Ackerman Avenue Coos Bay, OR.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: 60‑unit townhome apartment community at 324 Ackerman Avenue, Coos Bay, OR 97420; Approximately 14.64 acres with low‑density residential layout and central greenspace; Unit mix includes 24 two‑bedroom and 36 three‑bedroom, one‑bath townhomes
(503) 200-2000 Call to check price and availability
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