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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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1202 Iris St , Brookings, OR 97415
$499,000
Est. Payment: $2,723.25/mo
3 Bed
1 Bath
1080 Sqft
0.18 Acres
Status: active | Days on site: 85
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House Description

Two homes for the price of one! Rare Brookings Investment Opportunity! Two detached homes on one .18-acre corner lot offer exceptional flexibility for investors, multi-generational living, or owner-occupants looking to generate rental income. Live in one home while renting the other, or lease both for long-term income. This property is also an excellent opportunity for buyers completing a 1031 Exchange and seeking to invest in the highly desirable Brookings market. The front home features 3 bedrooms and 1 bathroom, while the second home offers 3 bedrooms and 2 bathrooms. Both homes have been tenant occupied and most rooms have vinyl windows, providing a solid starting point for future updates and added value. Whether you're looking for immediate rental income or a property with long-term upside, this is a rare opportunity to own two homes on one parcel. Ideally located just minutes from downtown Brookings, you'll enjoy convenient access to shopping, restaurants, schools, medical facilities, the Port of Brookings Harbor, and some of the Southern Oregon Coast's most beautiful beaches. From the street and driveway, you'll catch glimpses of the Pacific Ocean, and you'll appreciate the refreshing coastal air and the soothing sound of the surf. Outdoor enthusiasts will love the nearby opportunities for beachcombing, hiking, fishing, kayaking, and exploring the spectacular coastline. The property's zoning does not permit short-term vacation rentals, making it best suited for owner occupancy or long-term rental investment. Multi-unit properties in Brookings rarely become available, making this an outstanding opportunity to build wealth in one of the Oregon Coast's most sought-after communities.

Highlights

Listed by Rebecca Watwood , 541-661-1506 Century 21 Agate Realty , 541-469-2143. Portland Regional Multiple Listing Service mls logo

Property Type

Residential

Lot/Acreage
0.18

Year Built

1953

County

Curry

Area

270 - Curry Co: City, Airport, Marina Hts, NB Chetco

Listing ID

529897212

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:Dishwasher, Free-Standing Range, Microwave
Basement:Crawl Space
Other:
  • ▪ Additional:Laminate Flooring, Wood Floors, Master on Main
Water:Public Water

Exterior Features

Lot:Corner Lot,Level,Ocean Beach 1/4 Mile or Less
Garage Capacity:0
Zoning:R2
Roof:Composition
Others:
  • ▪ Additional:Dog Run, Fenced, Yard, Fixer
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$2,723
Taxes
$190

Home Price

$499,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$99,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,723.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,723.25 $189.79 $0.00 $2,913.03
Yearly $32,678.97 $2,277.42 $0.00 $34,956.39
Total $980,369.18 $68,322.60 $0.00 $1,048,691.78

Today's Rates

30 Year

7.25%

20 Year

7.18%

15 Year

6.69%

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Market insight data is pulled from the same city as the listing being viewed (Brookings, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated: 2026-10-22T22:59:17.000Z

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