About 1032 S 4th St
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!
Features of 1032 S 4th St
| MLS® # | 24498261 |
|---|---|
| Price | $799,000 |
| Bathrooms | 0.00 |
| Acres | 0.16 |
| Year Built | 1930 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1032 S 4th St |
|---|---|
| Area | 260 - Coos County |
| City | Coos Bay |
| County | Coos |
| State | OR |
| Zip Code | 97420 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Off Street, On Street |
| View | City, Bay |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Zoned |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
| Basement | Finished, None, Partial Basement |
Exterior
| Exterior | T-111 Siding, Wood Siding |
|---|---|
| Lot Description | Level, Sloped |
| Roof | Metal |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Coos Bay |
|---|---|
| Middle | Coos Bay |
| High | Marshfield |
Additional Information
| Date Listed | November 24th, 2024 |
|---|---|
| Days on Market | 332 |
| Zoning | R-3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coastal Sotheby's International Realty |
|---|