907 N Dean St - Apartments FOR SALE


Coquille, OR 97423
$1,115,000 USD
503-200-2022
907 N Dean St, Coquille, OR for Sale
$1,115,000 USD
Apartments - FOR SALE
1/9
null | 8.01% Cap Rate

907 N Dean St
Coquille, OR 97423


HIGHLIGHTS

  • Select Units Feature Upgraded Flooring
  • Den Space in Each Unit
  • Dual Entry in Each Unit

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to present Dean Street 12. This twelve-unit building in Coquille, Oregon, is a prime investment opportunity in a growing market. Each unit features one bedroom plus an office/den, making them highly versatile and appealing to a range of tenants, including remote workers and small families. The property has been well-maintained, with significant upgrades that enhance its long-term value. The roof was replaced in 2019, ensuring durability and reduced future maintenance costs, while the electrical system has been updated to circuit breakers with individual metering for each unit, providing convenience and energy efficiency for both tenants and owners. An added advantage of this property is that 9 of the 12 units are master leased, offering consistent, reliable income with minimal management effort. This arrangement reduces tenant turnover and maintenance demands, making it an ideal investment for those seeking a low-management, high-yield property in a desirable and growing rental market.

FOR SALE DETAILS

PRICE

$1,115,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

12

PRICE/UNIT

$92,917

CAP RATE

8.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

Urban Residential 1

APN/PARCEL ID

1000746311

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.