Multifamily Property with
For Sale
$385,000
846 S 11TH St, Coos Bay, OR 97420
MultiFamily, CoosBay, OR
Property Size2,052 SF
Lot Size0.10 Acres
Price / SF$187.62
Days on Market93
Property Features for 846 S 11TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
View
City, Territorial
Elementary school
Coos Bay
Middle school
Coos Bay
High school
Marshfield
Directions
Behind Marshfield High School
Subdivision
_260
Standard status
Active
APN
7007201
Size
2,052 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
25S1334-AD-02200
Tax Annual Amount
2978
Legal Description
25S1334-AD-02200
Utilities
Heating system
Forced Air
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Roof type
Metal, Composition
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Amy Aguirre
(541) 217-7725
Added: May 20
Changed: Aug 20
Last Checked: Aug 20 at 7:06AM
MLS# 198435879
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 multifamily property includes a primary residence and a detached duplex, creating three residential units within a 2,052-square-foot property built in 1925. The main home offers three bedrooms, one full bathroom, a breakfast nook, formal dining room, wood floors beneath carpet, and lower-level laundry and storage. A small detached garage is located behind the home, which also features a metal shingle roof and a new natural gas furnace with forced-air heat.
The rear duplex provides two studio units, each with a small kitchen, dining area, and vinyl windows. Alley access supports separate parking and entrances for the duplex. The property is located at 846 S 11TH St in CoosBay, Oregon, on a 0.1-acre lot, with R zoning.
The rear duplex provides two studio units, each with a small kitchen, dining area, and vinyl windows. Alley access supports separate parking and entrances for the duplex. The property is located at 846 S 11TH St in CoosBay, Oregon, on a 0.1-acre lot, with R zoning.
Key Highlights
- Three‑unit configuration with a primary home and rear duplex
- 2,052 square feet on a 0.1‑acre lot
- Main home includes 3 bedrooms and 1 full bathroom
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
$18,534
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
4.81%
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%
$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
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
$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 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%
$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 4.81%
Second Best
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,186 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$371.5K
$325.0K – $433.4K
NOI $26,003 @ 7.0% cap · market cap 6.75%
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
875
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 - Three-unit residential setup combines a primary home with two studio apartments and separate alley-access parking.
Where is this multifamily property 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 $385,000.
What are key features of this property?
This property features: Three‑unit configuration with a primary home and rear duplex; 2,052 square feet on a 0.1‑acre lot; Main home includes 3 bedrooms and 1 full bathroom
