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    589 10Th Ave Coos Bay, OR 97420

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    589 10Th Ave Coos Bay, OR 97420

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    • Small apartment buildings
    • 2,978 SF
    • 0.18 lot acres
    For Sale
    $545,000
    View Listing →
    Coos Bay Triplex Investment For Sale
    $545,000
    2,544 SF

    Coos Bay Triplex Investment

    Eastside triplex with rental income and value-add potential.

    Coos Bay, OR 97420
    View Listing
    Property ID
    US71-0624765
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 589 10Th Ave

    Year built
    1972
    Lot size
    0.18 lot acres
    Property size
    2,978 SF
    Property type
    Small apartment buildings
    APN
    4073100

    Description

    This stabilized triplex in Coos Bay, Oregon, presents a compelling investment opportunity. Located at 589 10th Ave, this 2-story, 1972-built property features three units totaling 2,978 square feet on a 0.18-acre lot. The property boasts a 7.29% cap rate and a strong net operating income (NOI) of $33,450, with 100% occupancy. The units are well-maintained, offering a mix of sizes and layouts to maximize rental income. Two main floor units each measure 744 square feet, each with two bedrooms and one bathroom. A larger downstairs unit provides 745 square feet, three bedrooms, and two bathrooms. An attached 745-square-foot garage and an owner's storage unit add further value. A brand new roof was installed in June 2024. The property is zoned R-3 and features a desirable location in the Eastside neighborhood. The asking price is $459,000, translating to $154.13 per square foot. This property is ideal for investors seeking a stable, high-return investment in a thriving community. The property's strong cash flow, combined with its recent roof replacement, minimizes immediate maintenance concerns. This is a turnkey investment ready for immediate income generation. The property's location in the Eastside neighborhood offers convenient access to local amenities and public transportation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's APN is 4073100. This offering is suitable for a 1031 exchange.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.1893198
    Latitude
    43.3622913

    Comparable in this City

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      Coos Bay Income Property

      Unique income property with multiple units and development potential.
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    • New
      $545,000
      2,544 SF

      Coos Bay Triplex Investment

      Eastside triplex with rental income and value-add potential.
      589 10Th Ave, Coos Bay, OR 97420
      View Details
    • $2,129,000

      Coos Bay Mobile Home Park

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    • New
      $1,200,000

      Coos Bay Income Property

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      Remodeled Duplex with Bay Views

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      Updated Craftsman with Bay Views

      Charming 2-bedroom Craftsman with ADU and bay views.
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    Similar Nearby for Sale

    • New
      $565,000
      1,320 SF

      Coos Bay Income Property

      Unique income property with multiple units and development potential.
      532 Limnell St, Coos Bay, OR 97420
      View Details
    • $2,129,000

      Coos Bay Mobile Home Park

      41-unit mobile home park with value-add potential in Coos Bay.
      718 F St, Coos Bay, OR 97420
      View Details
    • New
      $545,000
      2,544 SF

      Coos Bay Triplex Investment

      Eastside triplex with rental income and value-add potential.
      589 10Th Ave, Coos Bay, OR 97420
      View Details
    • New
      $1,200,000

      Coos Bay Income Property

      Six units with bay views and strong income potential.
      303 S Empire Blvd, Coos Bay, OR 97420
      View Details
    • $629,000
      837 SF

      Remodeled Duplex with Bay Views

      Remodeled duplex in Telegraph Hill with bay views.
      546 Fir Ave, Coos Bay, OR 97420
      View Details
    • New
      $338,000
      428 SF

      Updated Craftsman with Bay Views

      Charming 2-bedroom Craftsman with ADU and bay views.
      884 S 7Th St, Coos Bay, OR 97420
      View Details
    View Listing
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    Coos Bay, OR 97420
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    589 10Th Ave, Coos Bay, OR, 97420

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