Schetter Avenue Townhomes — Sale in Coos Bay, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Coos Bay, OR 97420

Photos

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Investment Figures

Cap rate
7.05%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Schetter Avenue Townhomes, a well maintained 10-Unit townhome community located at 550 Schetter Avenue in Coos Bay, Oregon. Constructed in 1974, the property consists of ten two story townhome residences comprised of eight two-bedroom units and two three-bedroom units, offering functional layouts that appeal to long term renters seeking space, privacy, and in unit conveniences. Schetter Avenue Townhomes has benefited from meaningful recent capital investment that materially reduces deferred maintenance and future capital exposure. In 2024, ownership completed siding repairs and a full exterior repaint, significantly improving curb appeal and building durability. In 2025, all electrical panels were replaced, providing a critical systems upgrade that enhances safety, reliability, and insurability for future ownership. Additional improvements include parking lot seal coat and restripe completed in 2023 and vinyl window replacements. The investment thesis is supported by a clear and proven value add strategy. Two units have been fully renovated with quartz countertops, new cabinetry, updated appliances, luxury vinyl plank flooring, and refreshed bathroom finishes. These renovated units have demonstrated an approximate $300 rent premium over the property’s previous highest rent levels, validating both tenant demand and renovation scope. The remaining eight units present a compelling opportunity to continue the renovation program and capture an estimated 16.5 percent additional rent upside as interiors are upgraded to match the established finish standard. Located in a residential Coos Bay neighborhood, the property benefits from proximity to regional employment centers, healthcare, port related industry, and coastal amenities. The combination of townhome style living, proven rent growth, recent capital improvements, and remaining interior upside positions Schetter Avenue Townhomes as

Market Context

This multifamily in Coos Bay, OR is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Coos Bay, OR — view the full market.

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