Duplex with Two-Car
New
For Sale
$549,000
625 CLAY St, Coos Bay, OR 97420
MultiFamily, CoosBay, OR
Property Size2,828 SF
Lot Size0.18 Acres
Price / SF$194.13
Days on Market3
Property Features for 625 CLAY St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
View
Territorial
Elementary school
Coos Bay
Middle school
Sunset
High school
Marshfield
Directions
clay end of street
Subdivision
_260
Standard status
Active
APN
1993000
Size
2,828 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
25S / 13W / 20 / C
Tax Annual Amount
3967
Legal Description
25S / 13W / 20 / C
Utilities
Heating system
Forced Air
Amenities
fireplace
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Pacific Properties
(541) 396-8842
Listed By:
Colleen Adams
(541) 435-4467
Added: Aug 27
Changed: Aug 29
Last Checked: Aug 29 at 4:06PM
MLS# 514995848
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 duplex contains two 3-bedroom, 2-bath residences within a 2,828-square-foot property. Each unit includes a primary bedroom on the main floor, a fireplace, and a 2-car garage, providing six bedrooms, four bathrooms, and four garage spaces in total. The configuration supports owner occupancy in one residence with rental use for the other, or continued operation as a two-unit income property.
Built in 2006, the property sits on 0.18 acres at 625 CLAY St in Coos Bay, Oregon. R-2 zoning, forced-air heating, and a composition roof are documented features. The layout offers separate residential accommodations while keeping both units within one duplex asset.
Built in 2006, the property sits on 0.18 acres at 625 CLAY St in Coos Bay, Oregon. R-2 zoning, forced-air heating, and a composition roof are documented features. The layout offers separate residential accommodations while keeping both units within one duplex asset.
Key Highlights
- Two 3‑bedroom, 2‑bath units
- 2,828 square feet on 0.18 acres
- Six bedrooms and four bathrooms total
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.65%
Second Best
Apartment 5plus
$338.4K
$296.1K – $394.8K
NOI $23,686 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
227
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature main-level primary bedrooms, fireplaces, and forced-air heating.
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 $549,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units; 2,828 square feet on 0.18 acres; Six bedrooms and four bathrooms total
