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About This Home
This 8-bedroom, 8-bathroom residential multi family at 542 PACIFIC Ave in Brookings, OR is listed for $945,000 ($184 per sqft). Built in 1951, the home offers 5,134 sqft of living space on a 0.34 acres lot.
Rare and Unique Investment Opportunity in the Heart of Brookings! This centrally located apartment complex offers an exceptional opportunity for investors. The property features 8 units, a 2-car detached garage, and 3 storage units, all on site. The landlord currently covers water, sewer, and garbage services as part of the monthly rent.
This property is currently producing over $7,300.00 in gross monthly revenue. The potential for increase is excellent, as several units are renting below market rates. Residents also enjoy access to a shared coin-operated laundry facility for added convenience.
Key improvements include a new roof installed in September 2015, a sewer main replacement completed in February 2008 and a fresh paint job of the exterior of the building in 2025, ensuring long-term value and reliability. Ideally situated within walking distance of downtown shops, restaurants, the movie theater, and the beach, this property offers excellent accessibility and appeal for tenants. Call today to schedule your private showing! Please note: Square footage is approximate and should be verified by the buyer.
Key Features
- Built in 1951
- 0.34 acre lot
Property Details
Amenities
Monthly Cost Estimate
$5,054/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
542 PACIFIC Ave
Brookings, OR 97415
Property Details
Views
Questions & Answers
This 8-bedroom, 8-bathroom residential multi family at 542 PACIFIC Ave is listed at $945,000 ($184/sqft). The estimated monthly payment is $4,095 based on 20% down at 6.5% interest.
Key features include: Built in 1951, 0.34 acre lot.
This property is listed by Lindsay Coatney and can be reached at 5416610353 or LindsayCoatneyRealtor@gmail.com.
