Multi-Family Income Property with
543 CHICAGO Ave SE Bandon, OR 97411
New
543 CHICAGO Ave SE, Bandon, OR, 97411
$589,000
For Sale
$589,000
MULTI_FAMILY - Bandon, OR
Property Size2,296 SF
Lot Size0.27 Acres
Price / SF$256.53
Days on Market3
Property Features for 543 CHICAGO Ave SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- 3151200
- Size
- 2,296 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- 28S14W30CB9100
- Tax Annual Amount
- 3419
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing Agency
David L. Davis Real Estate
(541) 347-9444
P.O. Box 533, Bandon, OR
Listed by
Keeli Gernandt · License #201213050
(541) 297-9535
Added: Jul 14 Checked: Jul 16 at 3:06 pm
MLS# 641358797
Listing URL
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 property at 543 CHICAGO Ave SE in Bandon, Oregon is a multi-family income offering described as a possible 3-unit setup: two duplexes plus a shop that may be rented separately. One duplex was built in 1956 and is described as having 2 bedrooms and 2 bathrooms. The other duplex was built in 1995 and is currently rented as a 2-bedroom, 1-bath unit. The additional shop includes an entry-level bath/laundry area and an upstairs loft with a separate bath, and the units are described as having separate patio areas.
The property sits in a quiet neighborhood with a closed street at the end. Public remarks also note proximity to the store, post office, and downtown areas.
Zoning is listed as R-1. The lot size is provided as 0.27 acres and the property size is listed as 2,296 square feet.
The property sits in a quiet neighborhood with a closed street at the end. Public remarks also note proximity to the store, post office, and downtown areas.
Zoning is listed as R-1. The lot size is provided as 0.27 acres and the property size is listed as 2,296 square feet.
Key Highlights
- Possible 3‑unit setup with 2 duplexes plus a separate shop space
- Duplex built in 1956 offers 2 bedrooms and 2 bathrooms
- Duplex built in 1995 is currently rented for $1,200/mo and has 2 bedrooms and 1 bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $13.80 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $29.6k | $12.90 |
| − OpEx | −$8.9k | −$3.87 |
| NOI | $20.7k | $9.03 |
2,296 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.2K – $345.6K
NOI $20,738 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$415.6K
$363.7K – $484.9K
NOI $29,095 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Possible 3-unit configuration includes two duplexes and a shop with separate bath and loft.
Where is this triplex located?
The property is located at 543 CHICAGO Ave SE Bandon, OR.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Possible 3‑unit setup with 2 duplexes plus a separate shop space; Duplex built in 1956 offers 2 bedrooms and 2 bathrooms; Duplex built in 1995 is currently rented for $1,200/mo and has 2 bedrooms and 1 bathroom
