462 SW Coast Ave Depoe Bay, OR 97341
Estimated payment $2,842/month
Highlights
- Ocean View
- Mini Split Air Conditioners
- High Speed Internet
- No HOA
- Zoned Heating
- 1-minute walk to Fogarty Creek State Park
About This Home
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 will be vacant come September leaving the options open for new owners to use immediately. 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 so your hardest decision will be what to do next.Off the highway and one row back from the ocean so the sound of the waves will lull you to sleep. The current tenant to North would love to stay and which will substantially reduce your monthly payments to own. The city previously approved the addition of a 3rd unit. Showing by appointment only. Please respect tenants' privacy.
Listing Agent
Cascade Hasson Sotheby's International Realty License #201227289 Listed on: 08/30/2025
Open House Schedule
-
Saturday, September 20, 202510:00 am to 12:00 pm9/20/2025 10:00:00 AM +00:009/20/2025 12:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,195
Year Built
- Built in 1940 | Remodeled
Lot Details
- 8,712 Sq Ft Lot
- Level Lot
- Cleared Lot
Home Design
- Composition Roof
- Lap Siding
- Plywood Siding Panel T1-11
- Shingle Siding
- Concrete Perimeter Foundation
- Cedar
Interior Spaces
- 1-Story Property
- Ocean Views
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Driveway
- On-Street Parking
Schools
- Sam Case Elementary School
- Taft Middle School
- Taft High School
Utilities
- Mini Split Air Conditioners
- Zoned Heating
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number R342550
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $3,395
- Gross Income $37,200
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 | $2,195 | $168,930 | -- | -- |
| 2023 | $2,097 | $164,010 | $0 | $0 |
| 2022 | $2,037 | $159,240 | $0 | $0 |
| 2021 | $2,055 | $154,610 | $0 | $0 |
| 2020 | $2,010 | $150,110 | $0 | $0 |
| 2019 | $1,891 | $145,740 | $0 | $0 |
| 2018 | $1,837 | $141,500 | $0 | $0 |
| 2017 | $1,790 | $137,380 | $0 | $0 |
| 2016 | $1,746 | $133,380 | $0 | $0 |
| 2015 | $1,556 | $129,500 | $0 | $0 |
| 2014 | $1,162 | $99,630 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2025 08/30/25 | For Sale | $499,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $355,000 | Balloon |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 402317523
APN: R342550
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