Two-Unit Duplex with
For Sale
$529,000
625 Clay St, Coos Bay, OR 97420
R-2-zoned property offers two three-bedroom residences, each with a main-floor primary bedroom and fireplace.
Property Size2,828 SF
Price / SF$187.06
Days on Market9
Property Features for 625 Clay St
General Information
Standard status
Active
Size
2,828 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R-2
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,966
Amenities
fireplace
Building Details
Building Size
2,828 SF
Year Built
2006
Buildings
1
Stories
2
Units
2
Listing Agency:
Pacific Properties
Listed By:
Colleen Adams
(541) 435-4467
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 7:35PM
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 Pacific Properties
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two residences, each with three bedrooms and two bathrooms. Both units include a primary bedroom on the main floor, a fireplace, and a garage. The property totals 2,828 square feet and provides six bedrooms, four bathrooms, and two garage spaces across the two units.
R-2 zoning applies to the property.
R-2 zoning applies to the property.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,828 square feet; built in 2006
- Main‑floor primary bedroom and fireplace in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,543
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,860
$510.9K
Cap Rate 7%
$364,900
$364.9K
Cap Rate 9%
$283,811
$283.8K
Market Conditions
NOI Build-Up for 2,828 SF
Gross rent
$39.0K $13.80/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$36.5K $12.90/SF
− OpEx
−$10.9K −$3.87/SF
NOI
$25.5K $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%
$510,860
Cap Rate 7%
$364,900
Cap Rate 9%
$283,811
Alternative Uses
Best Use
Multifamily LT 5
$364.9K
$319.3K – $425.7K
NOI $25,543 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$338.4K
$296.1K – $394.8K
NOI $23,686 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
227
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - R-2-zoned property offers two three-bedroom residences, each with a main-floor primary bedroom and fireplace.
Where is this duplex located?
The property is located at 625 Clay St Coos Bay, OR.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,828 square feet; built in 2006; Main‑floor primary bedroom and fireplace in each unit
