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    318 N HIGHWAY 101 Depoe Bay, OR 97341

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    For Sale
    $850,000

    MULTI_FAMILY - DepoeBay, OR

    Property size:
    2,310 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $367/SF
    Added:
    Jul 22, 2025
    Days on Market:
    285
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 318 N HIGHWAY 101

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-1
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2
    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

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1934
    Floors in Building
    3
    Number of units
    3
    Roof type
    Composition

    We can help!

    Listing Contact
    Amy Plechaty
    Amy Plechaty

    Listing agent Amy Plechaty License #990800074

    Listing office Emerald Coast Realty-Seal Rock 10521 NW Pacific Coast Hwy, Waldport, OR

    Listing date Jul 22, 2025

    MLS# 254283709 Listing URL

    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.

    Overview

    Depoe Bay Multifamily with Ocean Views

    This multifamily property, suitable for short-term rentals and residential income, features two separate units with ocean views. Situated on two tax lots, the property includes parking, a two-stall carport, and a shop. Each unit has its own entrance on different levels, a full kitchen, laundry facilities, gas fireplaces, and separate electrical meters. The upstairs unit has the master bedroom on the main living area and 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 store room with a full bathroom. The property offers ocean views from the wrap-around deck and a covered, wind-protected patio. The property is located in Depoe Bay, Oregon, and has a lot size of 0.14 acres. The property size is 2310 square feet. The zoning is C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Food Market Grocery & Convenience Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.062005
    Latitude
    44.815702

    Nearby Similar for Sale

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    • $299,900
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      Highway 101 Commercial Investment

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    • $850,000
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      Ocean View Vacation Rental Property

      Successful vacation rental with ocean views and separate units.
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    • $250,000

      Depoe Bay Retail Space Opportunity

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    FAQs

    What type of property is this?
    Short term rental property - Successful vacation rental property with two units and ocean views.
    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: Stunning and dynamic ocean views.; Successful vacation rental property with two separate units.; Two tax lots with ample parking, including a carport and shop.
    (541) 992-4469
    We can help!
    Listing Contact
    Amy Plechaty
    Amy Plechaty
    Real Estate License ID: 990800074
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    318 N HIGHWAY 101, DepoeBay, OR 97341

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