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Listed by Cascade Hasson Sotheby's International Realty
$464,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 402317523
Year Built 1940
Annual Tax Amount $2,195
Tax Year 2024
Lot Size 8,712 Sqft
Property Description
Excellent investment opportunity in the heart of Depoe Bay. Extensively renovated by current owners and excellent rental history. This is an ocean view duplex that comes with an expansive lot for all kinds of additional potential. Each side is 2 bed 1 bath with their own laundry. The southern unit has an additional sleeping loft and is currently vacant/easy to show. Other unit will be vacant 11-1. Projected rent $1650+ a side. Ideal location with direct access to the boat harbor and a few blocks to shops and restaurants of Depoe Bay. The neighborhood has its own whale lookout you can stroll to! Depoe Bay is the whale watching capital of the Oregon Coast but it's also strategically located in between two great towns of Lincoln City and Newport. Off the highway and one row back from the ocean so the sound of the waves will lull you to sleep. The city previously approved the addition of a 3rd unit. Large lot with split yards and storage shed in back.
Location
State OR
County Lincoln
Area _200
Zoning R-4
Rooms
Basement Crawl Space
Interior
Heating Wall Heater, Zoned
Cooling Mini Split
Exterior
View Ocean
Roof Type Composition
Garage No
Building
Lot Description Cleared, Level, Ocean Beach One Quarter Mile Or Less
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Sam Case
Middle Schools Taft
High Schools Taft
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Brian O Gass
Principle Broker | License ID: 201235550
Principle Broker License ID: 201235550