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Two-Unit Vacation Rental Property
For Sale
$850,000

318 N HIGHWAY 101, Depoe Bay, OR 97341

MultiFamily, DepoeBay, OR

Property Size2,310 SF
Lot Size0.14 Acres
Price / SF$367.97
Days on Market408

Property Features for 318 N HIGHWAY 101

General Information

Property type Residential Multi Family
Property subtype Other
Zoning C-1
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Subdivision D111
View Ocean
Elementary school Sam Case
Middle school Newport
High school Newport
Directions Hwy 101 in Depoe Bay to property on the East.
Standard status Active
APN R439198
Size 2,310 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Description PROPERTY ID R439198 DEPOE BAY, BLOCK 12, LOT 12,PTN OF, MF349-236
Tax Annual Amount 3033
Legal Description PROPERTY ID R439198 DEPOE BAY, BLOCK 12, LOT 12,PTN OF, MF349-236

Utilities

Heating system Forced Air

Amenities

laundry facilities
gas fireplaces
wrap around deck
covered wind-protected patio
ocean views

Building Details

Year built 1934
Floors in Building 3
Number of units 3
Roof type Composition
Listing Agency: Emerald Coast Realty-Seal Rock
Listed By: Amy Plechaty · License #990800074
Added: Jul 22, 2025 Changed: Sep 2 Last Checked: Sep 2 at 12:06PM
MLS# 254283709

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,310-square-foot short-term rental property, built in 1934, contains two separate units arranged on different levels. Each unit has its own entrance, full kitchen, laundry facilities, gas fireplace, and separate electrical meter. The upper residence includes a primary bedroom on the main living level plus a loft with two additional sleeping areas. The ground-level unit has one bedroom and one bathroom, along with a separate 280-square-foot heated storage room that includes a full bathroom.

Situated on two tax lots totaling 0.14 acres, the property includes parking, a two-stall carport, and a shop. Wraparound decking and a covered, wind-protected patio provide outdoor areas oriented toward the ocean, with views described from both levels. The property is located on N Highway 101 in DepoeBay, Oregon, and is zoned C-1.

Key Highlights

  • 2,310‑square‑foot short‑term rental property with two separate units
  • Two tax lots totaling 0.14 acres
  • Separate entrances, electrical meters, full kitchens, laundry facilities, and gas fireplaces for each unit

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store Pet Grooming Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

215
Businesses Nearby

Demographics for 97341, OR

2,659
Population
2,693
Households
1
Avg Household Size
60
Median Age
32%
College-Educated
98%
High-School Grad
9.9 sq mi
ZIP Area
269
Density / Sq Mi
$62,917
Median Household Income
$47,273
Median Earnings
$1,316
Median Rent
$344,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Ocean-view lodging property with separate entrances, full kitchens, laundry facilities, fireplaces, parking, and outdoor gathering areas.
Where is this short term rental property located?
The property is located at 318 N HIGHWAY 101 Depoe Bay, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,310‑square‑foot short‑term rental property with two separate units; Two tax lots totaling 0.14 acres; Separate entrances, electrical meters, full kitchens, laundry facilities, and gas fireplaces for each unit
More about this property
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