Multifamily Property with Commercial
For Sale
$539,000
333 S OLD PACIFIC Hwy, Myrtle Creek, OR 97457
MultiFamily, MyrtleCreek, OR
Property Size7,700 SF
Lot Size0.50 Acres
Price / SF$70
Days on Market8
Property Features for 333 S OLD PACIFIC Hwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2, CC
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 1, Bedroom 10, Bedroom 2, Bedroom 9, Bedroom 3, Bathroom 6, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 7, Bathroom 8, Bedroom 5, Bathroom 2, Bathroom 7, Bedroom 8, Bedroom 6, Bathroom 1
View
Valley
Elementary school
Myrtle Creek
Middle school
Canyonville
High school
Days Creek
Directions
Turn into property
Subdivision
_258
Standard status
Active
APN
R28566
Size
7,700 SF
Lot size
0.50 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
TRI-CITY TRACTS, LOT 2, ACRES 0.50
Tax Annual Amount
2832
Legal Description
TRI-CITY TRACTS, LOT 2, ACRES 0.50
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1947
Floors in Building
2
Number of units
6
Roof type
Built-Up, Shingle
Listing Agency:
Knipe Realty ERA Powered · ERA Real Estate
(541) 246-7198
Listed By:
Skye Leach · License #201241651
(541) 972-0445
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 30 at 8:06AM
MLS# 491635899
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.
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Investment Insights
Based on property information with market context.
This 7,700-square-foot multifamily property includes a triplex, a separate home, an additional rental apartment, and a commercial shop. The five rental units were reported fully occupied. The property was built in 1947 and occupies 0.5 acres at 333 S Old Pacific Hwy in Myrtle Creek. Zoning is R2 and CC.
Heating is forced air, cooling is provided by wall units, and the roof consists of built-up and shingle materials. The combination of residential units and a commercial shop is part of the existing property configuration.
Heating is forced air, cooling is provided by wall units, and the roof consists of built-up and shingle materials. The combination of residential units and a commercial shop is part of the existing property configuration.
Key Highlights
- Five rental units: a triplex, a separate home, and an additional apartment
- Commercial shop on the property
- 7,700 square feet on 0.5 acres
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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Property Analytics
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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
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five rental units include a triplex, a detached home, and an additional apartment alongside a commercial shop.
Where is this multifamily 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: Five rental units: a triplex, a separate home, and an additional apartment; Commercial shop on the property; 7,700 square feet on 0.5 acres
