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 $6,800.00 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.
Active
Price cut: $20K (11/21)
$979,000
542 Pacific Ave, Brookings, OR 97415
8beds
5,134sqft
Est.:
Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$191/sqft
$-- HOA
What's special
- 197 days |
- 261 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 05:45am
Listed by:
Lindsay Coatney 541-412-9535,
RE/MAX Coast and Country,
Heather O'Connor 541-415-4289,
RE/MAX Coast and Country
Source: RMLS (OR),MLS#: 24230606
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Cooling
- None
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Basement: None
Interior area
- Total structure area: 5,134
- Total interior livable area: 5,134 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Paved
- Garage spaces: 2
Features
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: City, Seasonal
Lot
- Size: 0.34 Acres
- Features: Commons, Level, SqFt 10000 to 14999
Details
- Parcel number: R14746
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Laundry
- Security: None
Location
- Region: Brookings
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $5,575
- Annual tax amount: $2,268
- Date on market: 6/6/2025
- Listing terms: Cash,Conventional
- Total actual rent: 6445
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,506/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Price change | $979,000-2%$191/sqft |
Source: | ||
| 6/6/2025 | Listed for sale | $999,000$195/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | -- |
| 2023 | -- | -- |
| 2022 | -- | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,423/mo
Principal & interest
$4648
Property taxes
$432
Home insurance
$343
Climate risks
Neighborhood: 97415
Nearby schools
GreatSchools rating
- 5/10Kalmiopsis Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Azalea Middle SchoolGrades: 6-8Distance: 0.1 mi
- 4/10Brookings-Harbor High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Kalmiopsis
- Middle: Azalea
- High: Brookings-Harbr
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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