3-Unit Residential
New
For Sale
$399,000
846 S 11th ST, Coos Bay, OR 97420
A renovated primary residence and two studio apartments offer three distinct living spaces.
Property Size2,052 SF
Price / SF$194.44
Days on Market3
Property Features for 846 S 11th ST
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1925
Buildings
2
Construction
Craftsmen style
Listing Agency:
Refind LLC
Listed By:
Linnea Kittrell
(541) 556-5292
Source:
Oregonrealestateadvisors
Added: Nov 1
Last Checked: Nov 1 at 3:49AM
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 Refind LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,052-square-foot triplex in Coos Bay combines a three-bedroom, one-bathroom home with a rear duplex of two studio units. The main residence includes a living room, breakfast nook, formal dining room, laundry, and a full basement. A metal shingle roof and natural gas furnace serve the home. Recent work in the main residence includes new flooring, refinished hardwood floors, fresh paint, and some replacement fixtures and appliances. One studio has also received new flooring and paint.
The property is located at 846 S 11th St. The rear duplex has alley access, with separate parking and entrances for its units.
The property is located at 846 S 11th St. The rear duplex has alley access, with separate parking and entrances for its units.
Key Highlights
- Three‑unit property with a three‑bedroom, one‑bathroom main home and two studio apartments
- 2,052 square feet; built in 1925
- Main home includes a full basement, laundry, formal dining room, and breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,534
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,680
$370.7K
Cap Rate 7%
$264,771
$264.8K
Cap Rate 9%
$205,933
$205.9K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$28.3K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$26.5K $12.90/SF
− OpEx
−$7.9K −$3.87/SF
NOI
$18.5K $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%
$370,680
Cap Rate 7%
$264,771
Cap Rate 9%
$205,933
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $308.9K
NOI $18,534 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,186 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$371.5K
$325.0K – $433.4K
NOI $26,003 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
875
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?
Triplex - A renovated primary residence and two studio apartments offer three distinct living spaces.
Where is this triplex located?
The property is located at 846 S 11th ST Coos Bay, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑unit property with a three‑bedroom, one‑bathroom main home and two studio apartments; 2,052 square feet; built in 1925; Main home includes a full basement, laundry, formal dining room, and breakfast nook
