Three-Bedroom
398 S WASSON St, Coos Bay, OR 97420
For Sale
New
$415,000
MultiFamily, CoosBay, OR
Property Size1,924 SF
Price / SF$215.70
Days on Market2
Property Features for 398 S WASSON St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
Detached Garage
Fenced Back Yard
Deck
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Pacific Properties
(541) 269-5263
Listed By:
Joel Sweet · License #201214598
(541) 290-9597
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 8:06PM
MLS# 410747554
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 1,924-square-foot duplex was built in 1967 and is fully occupied. Each residence has three bedrooms and one bathroom. A detached garage, fenced backyard and deck are also part of the property.
The building has R-2 zoning, baseboard heat and a metal roof.
The building has R-2 zoning, baseboard heat and a metal roof.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,924 square feet; built in 1967
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,378
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,560
$347.6K
Cap Rate 7%
$248,257
$248.3K
Cap Rate 9%
$193,089
$193.1K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$26.6K $13.80/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$24.8K $12.90/SF
− OpEx
−$7.4K −$3.87/SF
NOI
$17.4K $9.03/SF
Area
Coos County, OR
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,560
Cap Rate 7%
$248,257
Cap Rate 9%
$193,089
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.2K – $289.6K
NOI $17,378 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.6K
NOI $16,114 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
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
$282,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Coos County, OR
Properties on Market for Duplexes in Coos County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a fenced yard and deck, with a detached garage on the property.
Where is this duplex located?
The property is located at 398 S WASSON St Coos Bay, OR.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,924 square feet; built in 1967; Fully occupied
