Two-Unit
New
For Sale
$350,000
423 7TH Ave, Coos Bay, OR 97420
MultiFamily, CoosBay, OR
Property Size1,480 SF
Lot Size0.11 Acres
Price / SF$236.49
Days on Market3
Property Features for 423 7TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4P
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
Elementary school
Coos Bay
Middle school
Coos Bay
High school
Marshfield
Directions
Eastside, Coos River HWY to 7th AVE
Subdivision
_260
Standard status
Active
APN
3992200
Size
1,480 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
25S1336-BA-05800
Tax Annual Amount
2347
Legal Description
25S1336-BA-05800
Utilities
Heating system
Ceiling
Amenities
washer/dryer hookups
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Grami Properties
(541) 260-4663
Listed By:
Mariah Grami · License #200308203
(541) 290-7808
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 14 at 5:06PM
MLS# 217189308
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.
Investment Insights
Based on property information with market context.
This single-story duplex contains 1,480 square feet across two residences, each arranged with two bedrooms and one bathroom. Washer and dryer hookups are provided in both units. One unit has a new refrigerator and some new carpet. The property was built in 1970 and has ceiling heat and a composition roof.
The 0.11-acre property is in Coos Bay’s Eastside area at 423 7TH Ave. Its zoning designation is R-4P.
The 0.11-acre property is in Coos Bay’s Eastside area at 423 7TH Ave. Its zoning designation is R-4P.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,480‑square‑foot building on a 0.11‑acre lot
- Washer and dryer hookups in both units
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
75
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include laundry connections and a two-bedroom, one-bathroom layout.
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 residences, each with 2 bedrooms and 1 bathroom; 1,480‑square‑foot building on a 0.11‑acre lot; Washer and dryer hookups in both units
