$734,999

5218 NW Jetty Ave Lincoln City, OR 97367

Estimated payment $4,553/month

Total Views 9,536
3 Beds
2 Baths
1,980 Sq Ft
$371 Price per Sq Ft

Highlights

  • Ocean View
  • Forced Air Heating System
  • High Speed Internet
  • No HOA

About This Home

Vacation and income possibilities await! Enjoy amazing ocean views and experience the coastal lifestyle being perfectly situated in Roads End area of Lincoln City. With nearby public beach access to miles of sandy shores, the property offers a unique blend of comfort and convenience. The property is currently setup as a duplex. The lower Unit has 2 bedrooms & 1 bathroom, ensuring a cozy and practical living space. The upper Unit has 1 bedroom & 1 bathroom highlighted by stunning ocean views and vaulted ceilings, enhancing the sense of space & light. Nearby local amenities include a casino, grocery stores, shopping, and entertainment options, adding to the convenience of this location. All showings to be by appointment only. Please do not disturb tenants. One of the owners is a licensed real estate broker in the State of Oregon.

Listing Agent

Dennis Regen

Taylor & Taylor Realty Co. Brokerage Phone: 541-994-9111 License #810604051 Listed on: 04/01/2025

Co-Listing Agent

Korey Hazard

Taylor & Taylor Realty Co. Brokerage Phone: 541-994-9111 License #201219450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,781

Year Built

  • Built in 1966 | Remodeled

Lot Details

  • 4,791 Sq Ft Lot
  • Lot Dimensions are 50.49x100

Home Design

  • Built-Up Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,980 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Taft Elementary And Middle School
  • Taft High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R293416

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Braemar Subdivision

Building Details

  • Operating Expense $10,002
  • Gross Income $43,020
  • Net Operating Income $33,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,781

Year Built

Built in 1966 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1966
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Total Bedrooms: 3
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Gravel
  • Roof: BuiltUp
  • View: Ocean

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Oceanlake
  • High School: Taft
  • Middle Or Junior School: Taft
  • Elementary School #2: Taft

Lot Info

  • Zoning: R1-RE
  • Lot Size Acres: 0.11
  • Lot Size: 50.49x100
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R293416

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5781.46
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.09
  • Annual Gross Income: 43020.0
  • Property Net Operating Income: 33020.0
  • Annual Operating Expense: 10002.0

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 $5,781 $341,680 -- --
2023 $5,622 $331,730 $0 $0
2022 $5,465 $322,070 $0 $0
2021 $5,205 $312,690 $0 $0
2020 $5,086 $303,590 $0 $0
2019 $4,913 $294,750 $0 $0
2018 $4,802 $286,170 $0 $0
2017 $4,596 $277,840 $0 $0
2016 $4,309 $269,750 $0 $0
2015 $4,213 $261,900 $0 $0
2014 $3,855 $254,280 $0 $0
2013 -- $250,180 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 For Sale $734,999 -- $371 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $205,000 First American Title Ins Co
Trustee Deed $329,500 First American Title Ins Co
Warranty Deed $435,000 Wte
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $152,212 New Conventional
Previous Owner $87,000 Stand Alone Second
Previous Owner $348,000 Fannie Mae Freddie Mac
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 518414587

Regional Multiple Listing Service (RMLS)

APN: R293416