Ocean View Duplex on
875 Ocean Drive Southwest Bandon, OR 97411
875 Ocean Drive Southwest, Bandon, OR, 97411
$818,600
For Sale
$818,600
Ocean view duplex with rental income potential near the beach.
Property Size2,890 SF
Price / SF$283.25
Days on Market285
Property Features for 875 Ocean Drive Southwest
General Information
- Standard status
- Active
- Size
- 2,890 SF
- Property subtype
- Residential / Attached
Building Details
- Year Built
- 1965
Listing Agency
David L. Davis Real Estate
(541) 297-9535
Listed by
Keeli Gernandt · License #201213050
(541) 297-9535
Source
Compass
Added: Oct 7, 2025 Checked: Jul 17 at 5:48 am
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 David L. Davis Real Estate
Investment Insights
Based on property information with market context.
This ocean view duplex on Ocean Drive presents an opportunity for both living and generating rental income. Its location allows for walking to the beach and Old Town. The property is suitable as a primary residence, a second home, or a vacation rental, although it is not within the nightly vacation rental zone, it could generate income from 30-day rentals. The property features a large, fenced lot, with each unit having its own separate backyard space. The downstairs unit, currently rented at $1700 per month with a one-year lease, includes 3 bedrooms and 2 baths, vaulted ceilings, a large living space, a southern-facing patio, and a fully fenced backyard. The upper unit is currently vacant and offers views with an open floor plan, 2 bedrooms, and 2 baths. This unit also includes a large 2-car garage. The property has immense investment potential and the possibility of remodeling into a large home. The property size is 2890 square feet.
Key Highlights
- Ocean view duplex on Ocean Drive.
- Rental income potential from downstairs unit currently rented at $1700/month with a 1‑year lease.
- Prime location: walk to the beach and Old Town.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $37.3k | $12.90 |
| − OpEx | −$11.2k | −$3.87 |
| NOI | $26.1k | $9.03 |
2,890 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.9K
$326.3K – $435.1K
NOI $26,103 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$345.8K
$302.6K – $403.4K
NOI $24,205 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,622 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ocean view duplex with rental income potential near the beach.
Where is this duplex located?
The property is located at 875 Ocean Drive Southwest Bandon, OR.
What is the asking price?
The asking price for this property is $818,600.
What are key features of this property?
This property features: Ocean view duplex on Ocean Drive.; Rental income potential from downstairs unit currently rented at $1700/month with a 1‑year lease.; Prime location: walk to the beach and Old Town.
