$1,950,000

18320 Highway 101 N Rockaway Beach, OR 97136

Estimated payment $11,361/month

Total Views 4,595
6 Beds
4 Baths
2,686 Sq Ft
$726 Price per Sq Ft

Highlights

  • Ocean Front
  • No HOA
  • Forced Air Heating System
  • Nehalem Elementary School Rated 10
  • Community Spa
  • Creek or Stream

About This Home

A unique opportunity to own a profitable duplex nestled on nearly an acre of oceanfront property plus an additional lot! This vintage gem is tucked away on a semi-private dead-end street off HWY 101 with a charming bridge on the property that leads over a stream through lush greens to an incredibly private part of Rockaway Beach! The lot next door is included in the sale. Two separate tax lots, both zoned CR2 $1,950,000 for the sale of both: one duplex TAX ID 60070 on 0.81 acres and one neighboring vacant lot TAX ID 59901 on an additional 0.79 acres. DUPLEX: One time transferrable STR. 2024 STATS: rental revenue = $124,402 / 173 nights booked / 47% occupancy rate / $600 average daily rate / $2,568 average revenue per stay. Opportunity AWAITS!

Listing Agent

Kelly Fitzmaurice

Harnish Company Realtors Brokerage Email: harnish@harnishproperties.com License #200802099 Listed on: 04/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,073

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 1.6 Acre Lot
  • Ocean Front
  • Creek or Stream

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,686 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Basement Storage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Flood Zone Lot

Schools

  • Garibaldi Elementary School
  • Neah-Kah-Nie Middle School
  • Neah-Kah-Nie High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 60070

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Rockaway Beach Subdivision

Recreation

  • Community Spa

Building Details

  • Operating Expense $38,520
  • Gross Income $128,402
  • Net Operating Income $89,881

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,073

Year Built

Built in 1978 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1978
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Basement
  • Total Bedrooms: 6
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 1 to 2.99 Acres
  • Waterfront: Yes
  • Foundation Details: Other
  • View: Yes
  • Lot Features: FloodZone, Stream
  • Road Surface Type: Gravel
  • Water Body Name: Pacific Ocean
  • Waterfront Features: OceanFront
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: SpaHotTub
  • Association: No

Schools

  • Elementary School: Garibaldi
  • High School: Neah-Kah-Nie
  • Middle Or Junior School: Neah-Kah-Nie

Lot Info

  • Zoning: CR2
  • Lot Size Acres: 1.6
  • Lot Size: 0.81 + 0.79
  • Lot Size Sq Ft: 69696.0
  • Parcel #: 60070
  • Assessor Parcel Number 2: 59901

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9073.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.19
  • Annual Gross Income: 128402.0
  • Property Net Operating Income: 89881.0
  • Annual Operating Expense: 38520.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,984 $590,310 $375,180 $215,130
2023 $5,952 $573,120 $364,250 $208,870
2022 $5,209 $556,430 $353,640 $202,790
2021 $5,047 $540,230 $343,330 $196,900
2020 $4,905 $524,500 $333,330 $191,170
2019 $4,768 $509,230 $323,630 $185,600
2018 $4,648 $494,400 $314,210 $180,190
2017 $4,517 $480,000 $305,060 $174,940
2016 $4,491 $477,070 $256,840 $220,230
2015 $4,420 $463,180 $249,360 $213,820
2014 $4,359 $449,690 $242,100 $207,590
2013 $4,291 $436,600 $235,060 $201,540
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 For Sale $1,950,000 +552.2% $726 / Sq Ft
06/05/2014 06/05/14 Sold $299,000 -- $119 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $299,000 First American
Interfamily Deed Transfer -- First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $257,350 Commercial
Previous Owner $250,000 New Conventional
Source: Public Records

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