Fully occupied 5-plex in downtown North Bend. Each unit is 2 bedroom, 1.5 bath complete with W/D hookups. Gross income $64,748/year, expenses $22,889/year, including property management fees of $5180. 5.61% cap rate at $745K. If Self-Managed, annual expenses are $17,709 and the cap rate is 6.31% Excellent walkability to schools, shopping, and parks. Turn-key investment with good maintenance records, and a strong rental history in a high-demand area, with a consistent cash flow, and long-term potential. Excellent long term tenants are all willing to stay. Schedule your private showing now.
Sold
Zillow last checked:
Listing updated:
Bought with:
Rachel Richardson, 200504528
River Cities Realty Inc
Source: RMLS (OR),MLS#: 301905137
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $620,000-16.8%$125/sqft |
Source:  RMLS (OR) #301905137 Report a problem | ||
| 11/25/2025 | Pending sale | $745,000$150/sqft |
Source: RMLS (OR) #301905137 Report a problem | ||
| 6/2/2025 | Listed for sale | $745,000$150/sqft |
Source: RMLS (OR) #301905137 Report a problem | ||
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