Mixed-Use Residential and Office
220 NW Spring Street, Waldport, OR 97394
MULTI_FAMILY - Contemporary - Waldport, OR
Property size:
3,116 SFLot size:
0.23 AcresPrice / SF:
$287/SF- Added:
- Mar 16, 2026
- Days on Market:
- 104
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 220 NW Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- D-D Downtown District (Wa
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Parking
- 14
- Parking features
- Off Street
- Window features
- Vinyl Frames, Double Pane Windows
- Fencing
- Chain Link, Privacy
- Appliances
- Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 131119AC-1700
- Size
- 3,116 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4350
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- Vinyl
- Building materials
- Shake Siding, Cedar, Shingle Siding
- Roof type
- Composition
- Architectural style
- Contemporary
Listing agent Pam Mugleston License #940600295 (541) 270-7998
Listing office Emerald Coast Realty - Seal Rock 10521 NW COAST HWY, Waldport, OR (541) 283-3589
Listing date Mar 16, 2026
MLS# 26-619
Listing URL
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2003‑built contemporary building with shake siding/shingle siding construction and composition roof
- Includes 3 residential units plus 2 commercial office spaces
- Laundry room available for tenant convenience and off‑street parking
- Zoned for expansion to add up to 4 more residential units
- Utilities: public water and public sewer; electric heating with ceiling fans
- Appliances included: washer, dryer, refrigerator, electric range, electric oven, and microwave
Overview
This mixed-use property includes three residential units and two commercial office spaces within a contemporary, well-maintained building. The residential portion is described as having great natural light and a rental history, and the property includes a dedicated laundry room for tenant convenience. A garage is also available for storage or workshop use. The existing configuration supports both living and working on site, with office space suited to small businesses or remote professional use as described by the listing.
The building is located within city limits in Waldport, Oregon. The seller’s remarks indicate proximity to the beach and shopping. The property is zoned D-D Downtown District (as stated in the listing) and is described as having expansion zoning potential, with the ability to add up to four additional residential units.
For buyers and operators seeking a live/work setup or a small-scale income property, the mix of residential units and office space can diversify day-to-day occupancy within one holding. The presence of on-site laundry and an included garage add practical utility for residents and may support tenant retention. With the listed expansion option to add additional residential units, the property may also appeal to owners planning for phased growth, subject to approval and permitting.
The building is located within city limits in Waldport, Oregon. The seller’s remarks indicate proximity to the beach and shopping. The property is zoned D-D Downtown District (as stated in the listing) and is described as having expansion zoning potential, with the ability to add up to four additional residential units.
For buyers and operators seeking a live/work setup or a small-scale income property, the mix of residential units and office space can diversify day-to-day occupancy within one holding. The presence of on-site laundry and an included garage add practical utility for residents and may support tenant retention. With the listed expansion option to add additional residential units, the property may also appeal to owners planning for phased growth, subject to approval and permitting.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.0k | $26.64 |
| − Vacancy | −$19.1k | −$6.13 |
| EGI | $63.9k | $20.51 |
| − OpEx | −$16.0k | −$5.13 |
| NOI | $47.9k | $15.38 |
3,116 SF · lease $26.64/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$684.8K
$599.2K – $799.0K
NOI $47,938 @ 7.0% cap · market cap 5.36%
Second Best
Mixed Use
$408.0K
$357.0K – $476.0K
NOI $28,558 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$812.8K
$711.2K – $948.2K
NOI $56,893 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Carrie Naylor
Physician
Waldport physical therapy ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Waldport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.063349
- Latitude
- 44.427956
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - A small mixed-use property with three residential units and two office spaces, plus a laundry room and garage.
Where is this mixed-use property located?
The property is located at 220 NW Spring Street Waldport, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2003‑built contemporary building with shake siding/shingle siding construction and composition roof; Includes 3 residential units plus 2 commercial office spaces; Laundry room available for tenant convenience and off‑street parking
