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Listed by Taylor & Taylor Realty Co. • 541-994-9111
$ 664,500
Est. payment /mo
Price Dropped by $34K
5218 NW JETTY AVE Lincoln City, OR 97367
1,980 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $335
Subdivision Braemar
MLS Listing ID 518414587
HOA Y/N No
Year Built 1966
Annual Tax Amount $5,871
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Motivated seller. Price greatly reduced. Ocean view duplex located in the Road's End area of Lincoln City, with nearby public beach access. This property offers the opportunity for coastal income, or the option to occupy one unit and rent the other.The property is currently operated as a rental with an approximate 6.6% cap rate. The lower unit features two bedrooms and one bathroom, while the upper unit includes one bedroom and one bathroom.Conveniently located less than a mile from grocery stores, shopping, banks, and entertainment. All showings are by appointment only. Please do not disturb tenants.The property has a recorded view easement in place, preventing any structure from being built above the current height.One of the sellers holds an active real estate license in the state of Oregon."
Location
State OR
County Lincoln
Area _200
Zoning R1-RE
Rooms
Basement None
Interior
Heating Forced Air
Cooling None
Exterior
View Ocean
Roof Type BuiltUp
Garage No
Building
Lot Description Ocean Beach One Quarter Mile Or Less
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Oceanlake
Middle Schools Taft
High Schools Taft
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
