$448,000
SOLD OCT 20, 2025
3 Beds
3 Baths
1,698 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$264 Per Sq Ft

10% Below List Price

589 Days on Market

Highlights

  • No HOA
  • Shed
  • Heating Available
  • Cottage
  • Carpet
  • 4-minute walk to Fishing Rock State Recreational Site

About This Home

As of October 2025

Fantastic income property. Triplex Zoned Commercial Tourist. One unit has recently been fully remodeled, the other two were partially updated in 2018. Units 1 and 2 can be combined into one unit. Comes with a big billboard with Northern and Southern Hwy 101 exposure for additional income. If buildings are used to house a business' this is a great asset, or could potentially be rented for additional income. This is the first time units have been vacant in years, and are only being kept that way to make it easier to show, and sell. Great spot half way between Newport and Lincoln City. Seller is a license broker in the State of Oregon.

Last Agent to Sell the Property

Shelli Neal

Realty One Group At the Beach, License #201220482 Listed on: 06/13/2024

Realty One Group At the Beach,

Last Buyer's Agent

Unrepresented Buyer

Unrepresented Buyer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,834

Year Built

  • Built in 1930

Home Design

  • Cottage
  • Composition Roof

Interior Spaces

  • 1,698 Sq Ft Home
  • Gas Fireplace

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating Available
  • Water Heater

Additional Features

  • Shed
  • 6,970 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 081128CB-1800-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,834

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.6
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Directions: Hwy 101, triplex is on the east side of the hwy across from Sundown St. 1/8 mile or so South of Chester's market.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Year Built Details: Updated 2018 & 2021
  • Year Built: 1930
  • Special Features: None
  • Year Built: 1930

Interior Features

  • Appliances: Gas Oven, Gas Range, Refrigerator, Water Heater
  • Basement YN: No
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Window Features: Window Treatments

Exterior Features

  • Waterfront: Yes
  • Construction Type: Shake Siding, Cedar, Shingle Siding
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Parcel #: 081128CB-1800-00
  • Zoning: C-T Tourist Commercial

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2834.22
  • Tax Lot: 1800
  • Tax Map Number: 081128CB
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Oct 14, 2025
Sold by
Shelli Renee Neal Revocable Trust and Neal Shelli Renee
Bought by
Dunne Maureen Elizabeth
Seller's Agent
Shelli Neal
Realty One Group At the Beach,
Buyer's Agent
Unrepresented Buyer
Unrepresented Buyer
List Price
$499,000
Sold Price
$448,000
Premium/Discount to List
-$51,000
-10.22%
Views
697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.98%
Original Mortgage
$380,800
Outstanding Balance
$380,110
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$77,838

Purchase Details

Closed on
Dec 1, 2020
Sold by
Beacon Cottage Llc
Bought by
Neal Shelli Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,880
Interest Rate
2.8%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $448,000 Western Title
Warranty Deed $330,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,800 New Conventional
Previous Owner $341,880 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2025 10/20/25 Sold $448,000 -8.4% $264 / Sq Ft
08/03/2025 08/03/25 Pending -- -- --
06/29/2024 06/29/24 Price Changed $489,000 -2.0% $288 / Sq Ft
06/06/2024 06/06/24 For Sale $499,000 +11.4% $294 / Sq Ft
05/31/2024 05/31/24 Off Market $448,000 -- --
04/13/2024 04/13/24 Price Changed $499,000 -5.0% $294 / Sq Ft
02/29/2024 02/29/24 For Sale $525,000 +17.2% $309 / Sq Ft
02/28/2024 02/28/24 Off Market $448,000 -- --
02/12/2024 02/12/24 Price Changed $525,000 -4.5% $309 / Sq Ft
01/31/2024 01/31/24 Price Changed $550,000 -4.3% $324 / Sq Ft
12/22/2023 12/22/23 For Sale $575,000 -- $339 / Sq Ft
Source: Oregon Coast Multiple Listing Service

Tax History Compared to Growth

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
2025 $3,039 $212,730 -- --
2024 $2,922 $206,540 -- --
2023 $2,666 $199,610 $0 $0
2022 $2,588 $193,800 $0 $0
2021 $2,521 $188,160 $0 $0
2020 $2,475 $182,680 $0 $0
2019 $2,312 $177,360 $0 $0
2018 $2,273 $172,200 $0 $0
2017 $2,210 $167,190 $0 $0
2016 $2,131 $162,330 $0 $0
2014 $1,738 $152,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-97727

Oregon Coast Multiple Listing Service

APN: R263054