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582 Winchester Ave 4,672 SF 100% Leased Retail Building Reedsport, OR 97467 $995,000 ($212.97/SF) 7.14% Cap Rate
Investment Highlights
- 5 Residential Units
- Retail Unit Could Convert to Residential
- 1 Ground Floor Commercial Unit
Executive Summary
Prime Mixed-Use Investment Opportunity in Old Town Reedsport – 6 Units with Incredible Income & Up-
side! Welcome to an exceptional multi-use investment property located just one block from charming Old Town
Reedsport! Priced at $995,000, this fully renovated 6-unit property delivers stellar monthly gross rents with even
more room to grow. Featuring a versatile 6-unit mix comprised of 5 residential units and 1 commercial space, this
asset is designed for strong cash flow right out of the gate. Most units have been meticulously updated with mod-
ern finishes, luxury flooring, and contemporary kitchens and baths, minimizing deferred maintenance for the new
owner. Fully renovated features throughout attract high-quality tenants and command top-tier market rents. The
Commercial Space features a convenient bathroom and dedicated o"ce area. Situated in a high-visibility, pedes-
trian-friendly area just steps away from Old Town Reedsport’s local shopping, dining, and scenic waterfront views.
Don't miss out on this high-performing coastal income property. Schedule your tour today!
side! Welcome to an exceptional multi-use investment property located just one block from charming Old Town
Reedsport! Priced at $995,000, this fully renovated 6-unit property delivers stellar monthly gross rents with even
more room to grow. Featuring a versatile 6-unit mix comprised of 5 residential units and 1 commercial space, this
asset is designed for strong cash flow right out of the gate. Most units have been meticulously updated with mod-
ern finishes, luxury flooring, and contemporary kitchens and baths, minimizing deferred maintenance for the new
owner. Fully renovated features throughout attract high-quality tenants and command top-tier market rents. The
Commercial Space features a convenient bathroom and dedicated o"ce area. Situated in a high-visibility, pedes-
trian-friendly area just steps away from Old Town Reedsport’s local shopping, dining, and scenic waterfront views.
Don't miss out on this high-performing coastal income property. Schedule your tour today!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,672 SF
Building Class
C
Year Built
1964
Price
$995,000
Price Per SF
$212.97
Cap Rate
7.14%
NOI
$71,050
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial / Mixed Use
Parking
5 Spaces (1.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R10363 | Total Assessment | $250,586 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R10363
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$250,586
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
582 Winchester Ave