533 WASHINGTON STPortOrford, OR97465

$475,000
3 total units
$36,000 annual income
Capitilization Rate: 5.49
3551 sq. ft
0.29 acres
SqFt10000to14999
Elementary School: Driftwood
Middle School: Driftwood
High School: Pacific
Zoning: 4C
15 days on market

VestorFilter™

Price per unit$158.3K/unit
Price per ft²$133.77/ft²
Price per acre$1.64M/ac
Time on market15 days

Property Description

Welcome to your exclusive investment opportunity in the heart of a charming coastal town on the picturesque Oregon coast! Nestled above Port Orford Harbor, this stunning triplex offers not just a home, but a lifestyle. Boasting a solid rental history, this triplex presents a rare opportunity for savvy investors. With three rental units, each offering comfortable living spaces and modern amenities, this property is perfectly positioned to generate consistent rental income. Whether it's long-term tenants seeking the tranquility of coastal living or vacationers yearning for a memorable seaside escape, this triplex caters to a variety of rental needs. With four garages and three storage units, this property provides ample space for tenants or extra rental income. Plus, being centrally located in town means residents are just steps away from charming local shops, restaurants, and the Beach, enhancing the overall desirability of the property. This property offers not just a sound financial investment, but also a piece of the coveted coastal lifestyle. Whether you're looking to diversify your investment portfolio or capitalize on the booming demand for coastal properties, this triplex is your gateway to coastal living and investment success.

{{ compliance-logo }}Listing Provided By Neath The Wind Realty, Inc.

Financial Data

Original Price$475,000
Current Price$475,000
Property Taxes$2,464

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Home Facts

StatusPending
Year Built1941
Stories2
Exterior Features
Garage
MLS ID24650541

Unit Details

Unit 1
Unit 2
Unit 3