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Harbor Way Cottages 29940 Harbor Way 8 Unit Apartment Building $2,200,000 ($275,000/Unit) 5.40% Cap Rate Gold Beach, OR 97444
Investment Highlights
- Near local shopping
- Near local beaches and the Rogue River
Executive Summary
Located near the Port of Gold Beach and just minutes from local shopping, Oregon’s scenic coastal beaches, and the world-famous Rogue River, this recently developed and rare 8-home multifamily complex offers an outstanding investment opportunity on the Southern Oregon Coast. Commercially zoned with the possibility to build two additional homes, this property provides both immediate cash flow opportunities and future development upside. The existing homes may be used as short-term rentals, making this an attractive option for investors seeking strong income potential and long-term portfolio stability. Whether you're looking to expand your real estate holdings or secure a unique coastal income property, this versatile complex is ideally positioned with exceptional potential. Approximately $150,000 gross income per year with the ability to increase or operate short term rentals for a higher return on your investment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,200,000 | Property Subtype | Apartment |
| Price Per Unit | $275,000 | Building Class | B |
| Sale Type | Investment | Building Size | 4,970 SF |
| Cap Rate | 5.40% | No. Stories | 1 |
| No. Units | 8 | Year Built | 2023 |
| Property Type | Multifamily | ||
| Zoning | 4C - The 4-C zone is designed to apply to areas where more complete commercial facilities are necessary for community convenience. | ||
| Price | $2,200,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 4,970 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | 4C - The 4-C zone is designed to apply to areas where more complete commercial facilities are necessary for community convenience. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,600 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Harbor Way Cottages | 29940 Harbor Way
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