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589 10th Ave, Coos Bay, OR 97420

$560,000

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Property Description

Investment opportunity in the desirable Eastside neighborhood offering strong rental demand and value add potential. This triplex features a functional unit mix with two 2 bedroom 1 bath units with bay views and one larger 3 bedroom 2 bath unit with garage, providing flexibility for a range of tenant profiles and income strategies. Each unit offers ground level access with dedicated parking directly in front of the unit, eliminating stairs and increasing overall tenant appeal. A new roof installed in June 2024, 3 new hot water heaters in 2025 as well as electrical and plumbing updates, new flooring in lower unit and new asphalt driveways all to help offset immediate capital expenses for a new owner. Grossing over $4,100 a month in rent, this is well suited for investors seeking a 1031 exchange replacement property, this asset offers the ability to reposition and build equity over time while benefiting from steady rental demand in the area. 24HR notice, please do not disturb tenants.

589 10th Ave | MLS# 216102629

This multi-family property located at 589 10th Ave, Coos Bay, OR 97420 is currently listed for sale with an asking price of $560,000. Search Coos Bay real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition
Stories: 2.0
Taxes: $3,990
Year Built: 1972
Square Feet: 2,544

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1300.00
Square Footage: 744
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1320.00
Square Footage: 744
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 3
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1500.00
Square Footage: 1056
Total Units: 1

Feature Descriptions

Days on Site: 83
Exterior: Wood Siding
Gross Income: $49440.00 (Actual)
Hot Water: Electricity, Tank
Net Income: $39749.00 (Actual)
Operating Expenses: $9691.00 (Actual)
Parking: Driveway, Paved
Parking Notes: Driveway, Paved
Sewer: Public Sewer
Special View Info: Bay, City
Storage: Basement
Units: 3
Water: Public Water

Local Schools

High School: Marshfield
Middle School: Marshfield
Elementary School: Millicoma

Listed By / Shown By

Listed By

Agency Name: Pacific Coast Real Estate & Development, LLC
Agency Contact: 541-294-1485

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 3,327.50 per month $2,831.66 Principal & Interest $332.50 Property Tax $163.33 Homeowner's Insurance

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