6-Unit Mixed-Use
582 Winchester Ave, Reedsport, OR 97467
For Sale
$995,000
The Com/Res-zoned building combines five residential units with a commercial space that includes an office area and bathroom.
Property Size4,672 SF
Price / SF$212.97
Days on Market76
Property Features for 582 Winchester Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Asking Price
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Triple Oaks Realty LLC
(541) 636-3666
Listed By:
Melissa Stiltner · License OR #201240500
(541) 225-8815
Source:
Jmannrealty
Added: Aug 27
Changed: Nov 7
Last Checked: Nov 9 at 6:06PM
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 Triple Oaks Realty LLC
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Investment Insights
Based on property information with market context.
At 582 Winchester Ave, this 4,672-square-foot mixed-use property contains six units: five residential units and one commercial space. The commercial area has a dedicated office and bathroom. Most units have updated kitchens, baths, and flooring. The building dates to 1964 and is zoned Com/Res.
The property is one block from Old Town Reedsport, with local shopping, dining, and waterfront views described nearby.
The property is one block from Old Town Reedsport, with local shopping, dining, and waterfront views described nearby.
Key Highlights
- Six‑unit mix includes five residential units and one commercial space
- Most units feature updated kitchens, baths, and flooring
- Commercial space includes a dedicated office area and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,412
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,240
$648.2K
Cap Rate 7%
$463,029
$463.0K
Cap Rate 9%
$360,133
$360.1K
Market Conditions
NOI Build-Up for 4,672 SF
Gross rent
$56.1K $12.00/SF
− Vacancy
−$4.2K −$0.90/SF
EGI
$51.9K $11.10/SF
− OpEx
−$19.4K −$4.16/SF
NOI
$32.4K $6.94/SF
Area
Douglas County, OR
Vacancy
7.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,240
Cap Rate 7%
$463,029
Cap Rate 9%
$360,133
Alternative Uses
Best Use
Mixed Use
$463.0K
$405.2K – $540.2K
NOI $32,412 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 2.26%
Theoretical Best
Specialty Retail
$808.6K
$707.5K – $943.4K
NOI $56,603 @ 7.0% cap · market cap 5.69%
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
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
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Business Placement
Demographics for 97467, OR
5,602
Population
2,816
Households
2
Avg Household Size
53
Median Age
14%
College-Educated
93%
High-School Grad
327.9 sq mi
ZIP Area
17
Density / Sq Mi
$58,333
Median Household Income
$41,441
Median Earnings
$750
Median Rent
$224,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The Com/Res-zoned building combines five residential units with a commercial space that includes an office area and bathroom.
Where is this mixed-use property located?
The property is located at 582 Winchester Ave Reedsport, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six‑unit mix includes five residential units and one commercial space; Most units feature updated kitchens, baths, and flooring; Commercial space includes a dedicated office area and bathroom
