Opportunity knocks in Bandon with this rare dual-home investment property on a spacious half-acre lot. Located at 87605 & 87615 20th Street, this unique offering features two separate residences, each with established long-term rental history—ideal for investors seeking immediate income potential. Rent amounts $3,017 combined ($1,700 and $1,317).The property includes one 3-bedroom, 2-bath home and one 2-bedroom, 1-bath home, offering flexibility and strong rental appeal. Both homes were built in 1971 and showcase appealing mid-century design elements, including exposed beam ceilings that add warmth and architectural character. The layout of the property allows for privacy between units while still benefiting from shared infrastructure, including a septic system and new well. With tenants already in place, this is a turnkey opportunity for steady cash flow. The generous lot size also provides room for future improvements or added value potential, subject to local regulations.Whether you’re expanding your portfolio or looking for a property with dual-income capability, this Bandon investment offers a compelling blend of stability, character, and upside.
Active
$459,000
87615 20th St SW, Bandon, OR 97411
5beds
2,348sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$195/sqft
$-- HOA
What's special
Appealing mid-century design elementsSpacious half-acre lotExposed beam ceilingsGenerous lot size
- 56 days |
- 921 |
- 48 |
Zillow last checked:
Listing updated:
Listed by:
Rushel Reed 541-297-5806,
eXp Realty, LLC
Source: RMLS (OR),MLS#: 323147762
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,348
- Total interior livable area: 2,348 sqft
Property
Parking
- Parking features: Covered, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.51 Acres
- Features: Corner Lot, Level, SqFt 20000 to Acres1
Details
- Parcel number: 2814300
- Zoning: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Board & Batten Siding, T111 Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- Year built: 1971
Utilities & green energy
- Sewer: Shared Septic
- Water: Shared Well, Well
- Utilities for property: DSL
Community & HOA
Location
- Region: Bandon
Financial & listing details
- Price per square foot: $195/sqft
- Annual tax amount: $2,099
- Date on market: 5/4/2026
- Listing terms: Cash,Conventional
- Total actual rent: 3017
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Listed for sale | $459,000$195/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97411
Nearby schools
GreatSchools rating
- 9/10Ocean Crest Elementary SchoolGrades: K-4Distance: 0.5 mi
- 6/10Harbor Lights Middle SchoolGrades: 5-8Distance: 0.7 mi
- NABandon Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Ocean Crest
- Middle: Harbor Lights
- High: Bandon
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Coos County
- Bandon
- 97411
- 87615 20th St SW





