Investor Alert! Presenting a rare opportunity to own an 8-unit multifamily property in the heart of Coos Bay—a growing coastal town nestled in Oregon’s coveted “banana belt” known for its milder climate and year-round outdoor lifestyle. This well-maintained asset delivers a strong 8.83% cap rate, making it a standout choice for the smart investor seeking immediate returns and long-term upside. The property features a diverse unit mix of 1-bedroom, 2-bedroom, and studio units, all thoughtfully upgraded with individual laundry hookups, metal roofing, modernized plumbing, and more. With current gross rents exceeding $81,000 annually, low operating costs, and projected rent growth, this is a turnkey investment with room to grow. Seize the opportunity to invest in one of the Oregon Coast’s most livable and up-and-coming communities. Opportunities like this don’t last long in areas of smart growth!
Active
$799,000
1032 S 4th St, Coos Bay, OR 97420
10beds
4,280sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$187/sqft
$-- HOA
What's special
Modernized plumbingMetal roofingIndividual laundry hookups
- 252 days
- on Zillow |
- 250 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: June 25, 2025 at 08:33am
Listed by:
Gary Trenner II 808-213-4484,
Coastal Sotheby's International Realty
Source: RMLS (OR),MLS#: 24498261

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Zoned
Appliances
- Included: Electric Water Heater
- Laundry: Common Area, Washer Dryer Hookup
Features
- Basement: Finished,None,Partial
Interior area
- Total structure area: 4,280
- Total interior livable area: 4,280 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: Bay, City
- Has water view: Yes
- Water view: Bay
Lot
- Size: 6,969.6 Square Feet
- Dimensions: 50 x 140
- Features: Level, Sloped, SqFt 7000 to 9999
Details
- Parcel number: 6905200
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
Location
- Region: Coos Bay
Financial & listing details
- Price per square foot: $187/sqft
- Annual tax amount: $3,144
- Date on market: 11/24/2024
- Listing terms: Cash,Conventional
- Total actual rent: 6815
- Road surface type: Paved
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