MLS# 362104551 – 303 S Empire Blvd Ave, Coos Bay, OR 97420 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Coastal Sotheby's International Realty.

Property Description

Description

6 Units

Status: Active

Year Built: 1948

Days on Website: 11

INVESTMENT OPPORTUNITY! Spacious Home with Bay Views, Second Single Family Residence, and 2 Duplexes!! Well maintained property and grounds, providing an easy transition for a new investor. Unique property - where one could occupy the main home and have 5 additional units for investment income, or many other possible scenarios for a great income. These are on two separate tax lots, each with Commercial zoning! Vinyl windows, 3 of the 4 have had roofs replaced within 7 yrs, and may other quality updates. See MLS#465532214 (304/312 S Marple, Coos Bay) for the 2 duplexes offered alone & MLS#582373626 (303 S. Empire Blvd & 441 Noble) for the 2 homes. Occupied, please do not disturb tenants. 24-hour minimum notice required for appt to show.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Built in 1948

Storage:

Locked

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

26408

Operating Expense:

$36,942

Exterior Features

Exterior Description:

Cedar,Other,ShakeSiding

Heating

Heating Available

Heating:

Other,Zoned

Income

CAP Rate:

Gross Income:

$83,400

Gross Rent Multiplier:

18.59

Gross Scheduled Income:

$113,400

Net Operating Income:

$46,458

Net Scheduled Income:

86992

Listing

Contract Status Change Date:

2025-02-14

Days On Market:

Last Transaction Date:

2025-02-18 09:11:14

List Price:

$1,550,000

Listing Contract Date:

2025-02-14

Listing Id:

362104551

Mls Status:

Active

Modification Timestamp:

2025-02-18 09:11:14

On Market Date:

2025-02-14

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_260

County Or Parish:

Coos

Lot

Features:

CornerLot,Level

Size Acres:

0.43

Size Dimensions:

100x100 & 100x90

Size Range:

SqFt15000to19999

Size Square Feet:

18,730

Size:

15,000 to 19,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Carport,Driveway

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

Composition,Membrane

Schools

High School:

Marshfield

Middle Or Junior School:

Sunset

Elementary School:

Madison

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,848

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,450

Area:

1983

Features:

Range,Refrigerator

Units Total:

2 total bathrooms

4 total bedroom

Unit Two

Area:

994

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,500

Area:

840

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,150

Area:

840

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Actual Rent:

$1,500

Area:

893

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Six

Actual Rent:

$1,400

Area:

893

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,550,000 -

303 S Empire Blvd Ave Coos Bay , OR 97420

MLS Area Major: _260

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on February 25, 2025 11:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.