1505 Pacific Ave Oceanside, OR 97134
Estimated payment $13,500/month
Highlights
- Ocean View
- Wood Flooring
- Level Lot
- Contemporary Architecture
- Attached Garage
- 2-minute walk to Oceanside Beach State Recreation Site
About This Home
Iconic Oceanside property! Lodging, Retail & Cafe. Rare opportunity to own a beloved 6-unit hotel with commercial retail space, just one row back from the oceanfront in the heart of picturesque Oceanside! Located just 90 minutes from Portland, this well-maintained, income-generating gem offers stunning, up-close views of the sandy beach, Three Arch Rocks, and Cape Lookout. Recent 2025 renovations include brand-new guest room remodels featuring sliding glass doors to private decks, opening windows to let in the salt air, and loft-style bedrooms in upper units accessed by spiral staircases. Most units include kitchens, and all are designed to maximize comfort and coastal charm. Strong repeat clientele and increasing revenue thanks to room upgrades & higher nightly rates. A savvy investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,172
Year Built
- Built in 2005
Lot Details
- 2,178 Sq Ft Lot
- Level Lot
Parking
- Attached Garage
Home Design
- Contemporary Architecture
- Frame Construction
- Tile Roof
- Composition Roof
- Cedar Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,592 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Ocean Views
- Crawl Space
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Utilities
- Air Source Heat Pump
- Propane
- Electric Water Heater
- Phone Available
- Cable TV Available
Community Details
- 6 Units
- Gross Income $282,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $15,172 | $1,237,180 | $121,600 | $1,115,580 |
| 2023 | $14,853 | $1,196,630 | $348,610 | $848,020 |
| 2022 | $11,213 | $901,630 | $332,490 | $569,140 |
| 2021 | $9,753 | $778,650 | $288,010 | $490,640 |
| 2020 | $8,950 | $708,780 | $262,740 | $446,040 |
| 2019 | $8,373 | $657,020 | $244,020 | $413,000 |
| 2018 | $7,636 | $592,900 | $220,830 | $372,070 |
| 2017 | $7,156 | $549,720 | $205,210 | $344,510 |
| 2016 | $6,885 | $530,220 | $205,210 | $325,010 |
| 2015 | $7,118 | $540,270 | $205,210 | $335,060 |
| 2014 | $7,479 | $557,900 | $205,210 | $352,690 |
| 2013 | -- | $547,150 | $201,380 | $345,770 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $2,250,000 | -- | $490 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,200,000 | Ticor Title | |
| Bargain Sale Deed | $550,000 | First American | |
| Bargain Sale Deed | $550,000 | First American | |
| Trustee Deed | $483,000 | None Available | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $1,665,000 | First American |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $179,158 | New Conventional | |
| Open | $900,000 | Commercial | |
| Previous Owner | $541,000 | Credit Line Revolving |
Source: Tillamook Board of REALTORS®
MLS Number: 25-393
APN: R0193436
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