87615 20TH ST Bandon, OR $ 459,000
87615 20TH ST
$ 459,000
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87615 20TH ST

Bandon, OR, 97411
$ 459,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 2,826

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Multi-Family Home for sale in Bandon, OR

for $459,000 with 5 bedrooms and 3 full baths. This home was built in 1971 on a lot size of 0.51.

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.

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Multi-Family Active

Price

$ 459,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,099

Style

Lot Size

0.51

Year Built

1971

Town/City

Bandon

County/Region

Coos

MLS | Web ID

323147762

Features
General
Sewer SharedSeptic
Heating ForcedAir
Cooling None
Roof Composition
Zoning C
Year Built 1971
Stories Count 1
Parcel Number 2814300
Gross Income 34504.0
County Coos
Net Operating Income 20669.0
Operating Expense 13834.0
Property Type MultiFamily
HOA N
Rent Includes Sewer Water
Status Active
Directions Hwy 101 south of Bandon WEST onto 20th. Corner of 101 and 20th.
High School Bandon
City Bandon
Number Of Units Total 2
MLS Area _260
Lot Size Square Feet 22215.0
Listing Terms Cash Conventional
Elementary School Ocean Crest
Tax Annual Amount 2099.78
Middle/Junior High School Harbor Lights
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 28-15-36AD TL2800
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Interior
Basement CrawlSpace
Storage None
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Covered Driveway
Lot Features CornerLot Level PublicRoad
Water Source SharedWell Well
Total Parking 0
Exterior Description BoardBattenSiding T111Siding
Foundation Details ConcretePerimeter
Lot Size Acres 0.51
Road Surface Type Gravel Paved
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Internal Only
Street Number 1 87615
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* Excluded Features
List By
Exp Realty, Llc

Broker

rushel@ilovebandon.com

Email

Affordability Calculator

$3,001
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,826
Monthly Property Taxes
$175
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949083 Elementary School
1949206 Middle School
Bandon High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$459,000 Listed Price

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87615 20TH ST, Bandon, OR, 97411 is a Multi-Family Home for sale at $459,000 with a lot size of 0.51. 87615 20TH ST has 5 bedrooms, 3.0 baths, and was built in 1971. The property's zip code is 97411 which is in Bandon, OR