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.
Taylor & Taylor Realty Co.Brokerage Phone: 541-994-9111License #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:
Collateral Analytics
Collateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Not Available
Collateral Analytics does not have data for the current month. Please view the chart for historical values.
ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
Not Available
ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.
First American
First American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Not Available
First American does not have data for the current month. Please view the chart for historical values.
Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
Not Available
Quantarium does not have data for the current month. Please view the chart for historical values.
Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
Incredible opportunity to own a triplex on the water with private steps to the sand. Each unit has its own incredible ocean views. This would be a great owner/user opportunity with income producing units to offset the mortgage. Listing agent is a member of the LLC.
Tucked away in a quiet neighborhood, this well maintained triplex offers the perfect blend of privacy and convenience just minutes from shops, groceries, restaurants, the post office, and a short stroll to the sandy beach. Enjoy tranquil, woodsy views from the front and partial ocean views from the upper level.The property features two spacious 2 bedroom, 1 bath units and one 1 bedroom, 1 bath
This home is located at 5218 NW Jetty Ave, Lincoln City, OR 97367 and is currently priced at $734,999, approximately $371 per square foot. This property was built in 1966. 5218 NW Jetty Ave is a home located in Lincoln County with nearby schools including Oceanlake Elementary School, Taft Elementary School, and Taft High School.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.