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119 S Wasson St 16 Unit Apartment Building $3,750,000 ($234,375/Unit) 6.09% Cap Rate Coos Bay, OR 97420
INVESTMENT HIGHLIGHTS
- Heavy daytime traffic
- Open floor plans
- Close in to local ammenities
EXECUTIVE SUMMARY
New construction completed 2025. All units have W/D in unit. Fridgidaire and G&E appliances throughout. The property sits within minutes of downtown Coos Bay, the regional medical center, and U.S. Highway 101, providing direct north–south access along the Pacific Coast corridor.
The surrounding area benefits from a diverse economic base anchored by Bay Area Hospital, Southwestern Oregon Community College, the Port of Coos Bay, and tourism-driven retail and hospitality industries. Ongoing investment in the Pacific Coast Intermodal Port project and recent state-backed infrastructure improvements are expected to bring significant long-term job creation and economic growth to the region.
Residents enjoy proximity to shopping, restaurants, schools, and outdoor recreation. The Coos Bay waterfront, Mingus Park, and the expansive Oregon Dunes National Recreation Area are all within easy reach, supporting strong quality-of-life fundamentals and making the location attractive for both tenants and investors.
The surrounding area benefits from a diverse economic base anchored by Bay Area Hospital, Southwestern Oregon Community College, the Port of Coos Bay, and tourism-driven retail and hospitality industries. Ongoing investment in the Pacific Coast Intermodal Port project and recent state-backed infrastructure improvements are expected to bring significant long-term job creation and economic growth to the region.
Residents enjoy proximity to shopping, restaurants, schools, and outdoor recreation. The Coos Bay waterfront, Mingus Park, and the expansive Oregon Dunes National Recreation Area are all within easy reach, supporting strong quality-of-life fundamentals and making the location attractive for both tenants and investors.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$18.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,000
|
$0.38
|
| Effective Gross Income |
$294,000
|
$18.38
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$65,508
|
$4.09
|
| Net Operating Income |
$228,492
|
$14.28
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $18.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.38 |
| Effective Gross Income | |
|---|---|
| Annual | $294,000 |
| Annual Per SF | $18.38 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $65,508 |
| Annual Per SF | $4.09 |
| Net Operating Income | |
|---|---|
| Annual | $228,492 |
| Annual Per SF | $14.28 |
PROPERTY FACTS
| Price | $3,750,000 | Property Subtype | Apartment |
| Price Per Unit | $234,375 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | A |
| Cap Rate | 6.09% | Building Size | 16,000 SF |
| Gross Rent Multiplier | 12.5 | No. Stories | 2 |
| No. Units | 16 | Year Built | 2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | C-2 | ||
| Price | $3,750,000 |
| Price Per Unit | $234,375 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Building Size | 16,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Kitchen
- Carpet
- Double Pane Windows
- Pantry
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 5 | $2,100 | 738 - 976 |
| 2+1 | 6 | $1,500 | 534 - 723 |
| 1+1 | 5 | $1,100 | 401 - 531 |
1 1
Walk Score®
Very Walkable (74)
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119 S Wasson St
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