Two-Unit Duplex with Laundry
New
For Sale
$350,000
423 7th Ave, Coos Bay, OR 97420
Each residence offers two bedrooms, one bathroom, and in-unit washer and dryer hookups.
Property Size1,480 SF
Price / SF$236.49
Days on Market4
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Property Features for 423 7th Ave
General Information
Standard status
Active
Size
1,480 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$350,000
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Year Built
1970
Stories
1
Listing Agency:
Grami Properties
Listed By:
Mariah Grami · License #200308203
(541) 260-4663
Source:
Viewportlandrealestate
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:26AM
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 Grami Properties
Investment Insights
Based on property information with market context.
This 1,480-square-foot, one-story duplex contains two residences, each configured with two bedrooms and one bathroom. Both units have washer and dryer hookups. The property was built in 1970.
A refrigerator and some carpet have been replaced in one of the units.
A refrigerator and some carpet have been replaced in one of the units.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- Washer and dryer hookups in each unit
- 1,480 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,368
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,360
$267.4K
Cap Rate 7%
$190,971
$191.0K
Cap Rate 9%
$148,533
$148.5K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$20.4K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.1K $12.90/SF
− OpEx
−$5.7K −$3.87/SF
NOI
$13.4K $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%
$267,360
Cap Rate 7%
$190,971
Cap Rate 9%
$148,533
Alternative Uses
Best Use
Multifamily LT 5
$191.0K
$167.1K – $222.8K
NOI $13,368 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$177.1K
$155.0K – $206.6K
NOI $12,396 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$267.9K
$234.4K – $312.6K
NOI $18,755 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
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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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and in-unit washer and dryer hookups.
Where is this duplex located?
The property is located at 423 7th Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; Washer and dryer hookups in each unit; 1,480 square feet
