Property Description

This cash-flowing 7-unit multifamily property in Coos Bay offers solid performance with an 8.62% cap rate, creating a compelling opportunity for investors seeking stable returns along Oregon's South Coast. The property features a diverse unit mix of 1-bedroom, 2-bedroom, and studio units, with numerous improvements completed over the years, including metal roofing, upgraded plumbing, individual laundry hookups, unit renovations, and structural additions that enhance both functionality and long-term durability. Lower operating expenses allow the property to maintain strong financial performance while supporting consistent rental demand in a growing coastal market. Located in Coos Bay, a vibrant and growing coastal town situated on a beautiful bay, the property benefits from a lifestyle that attracts residents year-round. The area offers easy access to ATV riding on the Oregon Dunes, world-class golfing at Bandon Dunes, miles of coastal beaches, fishing, boating, and outdoor recreation, making it one of the most desirable communities along Oregon's South Coast. Part of Oregon's coastal 'banana belt, known for its milder climate, Coos Bay continues to see steady growth and strong demand for housing. With limited multifamily inventory and increasing interest in coastal living, properties with strong in-place income and reliable performance rarely become available. For investors seeking immediate cash flow and long-term investment stability on the Oregon Coast, this well-positioned 7-unit property represents a compelling opportunity.