5-Unit Mixed-Use
For Sale
$539,000
333 S Old Pacific HWY, Myrtle Creek, OR 97457
A commercial shop, triplex, separate home, and rental apartment share one fully occupied property with established management.
Property Size7,700 SF
Price / SF$70
Days on Market9
Property Features for 333 S Old Pacific HWY
General Information
Standard status
Active
Size
7,700 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$74,340
Road Access
Yes
Multifamily Units
5
Tenant in Place
Yes
Building Details
Year Built
1947
Listing Agency:
RE/MAX Integrity
(541) 345-8100
Listed By:
NW Pacific Realty
(503) 783-9401
Source:
Nwpacificrealty
Added: Oct 24
Changed: Oct 31
Last Checked: Nov 1 at 5:54AM
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 RE/MAX Integrity
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Investment Insights
Based on property information with market context.
This 5-unit mixed-use property brings together a triplex, a commercial shop, a separate home, and an additional rental apartment. The property measures 7,700 square feet and dates to 1947. Established property management is in place, and the rentals are reported at 100% occupancy.
The property is located at 333 S Old Pacific HWY in Myrtle Creek, Oregon.
The property is located at 333 S Old Pacific HWY in Myrtle Creek, Oregon.
Key Highlights
- 5‑unit mixed‑use property with a triplex, commercial shop, separate home, and rental apartment
- 7,700 square feet
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,063
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,260
$741.3K
Cap Rate 7%
$529,471
$529.5K
Cap Rate 9%
$411,811
$411.8K
Market Conditions
NOI Build-Up for 7,700 SF
Gross rent
$72.1K $9.36/SF
− Vacancy
−$4.7K −$0.61/SF
EGI
$67.4K $8.75/SF
− OpEx
−$30.3K −$3.94/SF
NOI
$37.1K $4.81/SF
Area
Douglas County, OR
Vacancy
6.50%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,260
Cap Rate 7%
$529,471
Cap Rate 9%
$411,811
Alternative Uses
Best Use
Mixed Use
$763.1K
$667.7K – $890.3K
NOI $53,419 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$529.5K
$463.3K – $617.7K
NOI $37,063 @ 7.0% cap · market cap 6.88%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.55M
NOI $93,289 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
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Business Placement
Demographics for 97457, OR
10,363
Population
4,688
Households
2.2
Avg Household Size
47
Median Age
11%
College-Educated
91%
High-School Grad
164.0 sq mi
ZIP Area
63
Density / Sq Mi
$53,514
Median Household Income
$35,857
Median Earnings
$917
Median Rent
$242,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial shop, triplex, separate home, and rental apartment share one fully occupied property with established management.
Where is this mixed-use property located?
The property is located at 333 S Old Pacific HWY Myrtle Creek, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 5‑unit mixed‑use property with a triplex, commercial shop, separate home, and rental apartment; 7,700 square feet; 100% occupancy
