Multifamily Property with Detached
For Sale
$440,000
62934 Crown Point Rd, Coos Bay, OR 97420
Multi-dwelling property with a main residence, attached studio, separate home, garage, carport, and landscaped grounds.
Property Size2,258 SF
Lot Size0.70 Acres
Price / SF$194.86
Days on Market9
Property Features for 62934 Crown Point Rd
General Information
Standard status
Active
Size
2,258 SF
Lot size
0.70 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x studio, 1 x 2BR
Multifamily Units
3
Amenities
fish pond
paved walking paths
roof-mounted solar panels
Building Details
Year Built
1954
Buildings
2
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Amanda Legaspino
Source:
Rosecityrealtygroup
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 31 at 6:41PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Set on 0.70 acres, this multifamily property combines a primary residence with 2 bedrooms and 2 bathrooms, an attached studio with bathroom and kitchen space, and two additional oversized rooms. A separate detached home with 2 bedrooms occupies the backyard, creating a flexible residential configuration with two separate residential addresses.
The grounds include a small fish pond, paved walking paths, and landscaped park-like areas. The property borders more than 100 acres of State of Oregon land dedicated to the South Slough Estuary. Additional improvements include a 2-car garage, carport, abundant parking, and roof-mounted solar panels. The property was built in 1954 and is located near Oregon Coast beaches, Charleston, Shore Acres State Park, Sunset Bay State Park, and Southwestern Oregon Community College, which is less than 15 minutes away.
The grounds include a small fish pond, paved walking paths, and landscaped park-like areas. The property borders more than 100 acres of State of Oregon land dedicated to the South Slough Estuary. Additional improvements include a 2-car garage, carport, abundant parking, and roof-mounted solar panels. The property was built in 1954 and is located near Oregon Coast beaches, Charleston, Shore Acres State Park, Sunset Bay State Park, and Southwestern Oregon Community College, which is less than 15 minutes away.
Key Highlights
- 0.70‑acre multifamily property with two separate residential addresses
- Main residence includes 2 bedrooms, 2 bathrooms, an attached studio, and two oversized rooms
- Detached backyard home provides 2 bedrooms
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
$18,912
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
4.30%
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%
$378,240
$378.2K
Cap Rate 7%
$270,171
$270.2K
Cap Rate 9%
$210,133
$210.1K
Market Conditions
NOI Build-Up for 2,258 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
$36.6K $16.20/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$34.4K $15.23/SF
− OpEx
−$15.5K −$6.85/SF
NOI
$18.9K $8.38/SF
Area
Coos County, OR
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$378,240
Cap Rate 7%
$270,171
Cap Rate 9%
$210,133
Alternative Uses
Best Use
Apartment 5plus
$270.2K
$236.4K – $315.2K
NOI $18,912 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.8K
$357.7K – $476.9K
NOI $28,613 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
17
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?
Multifamily property - Multi-dwelling property with a main residence, attached studio, separate home, garage, carport, and landscaped grounds.
Where is this multifamily property located?
The property is located at 62934 Crown Point Rd Coos Bay, OR.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 0.70‑acre multifamily property with two separate residential addresses; Main residence includes 2 bedrooms, 2 bathrooms, an attached studio, and two oversized rooms; Detached backyard home provides 2 bedrooms
