Traditional 4-Plex with Off-Street
For Sale
$599,500
465 W MARINE Dr, Astoria, OR 97103
MULTI_FAMILY - Astoria, OR
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$199.83
Days on Market95
Property Features for 465 W MARINE Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C3
Bedrooms
3
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 2, Bathroom 3, Bedroom 3
View
River
Elementary school
Astoria
Middle school
Astoria
High school
Astoria
Directions
West Marine Drive across from Dutch Bros Coffee stand & Jiffy Lube.
Subdivision
_180
Standard status
Active
APN
21615
Size
3,000 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
TAYLORS LT 8 & 9 BLOCK 6
Tax Annual Amount
2108
Legal Description
TAYLORS LT 8 & 9 BLOCK 6
Utilities
Heating system
Forced Air
Building Details
Year built
1890
Floors in Building
3
Number of units
4
Roof type
Composition
Listing Agency:
Area Properties, Inc.
(503) 325-6848
Listed By:
Linda Stephens · License #830300127
(503) 338-0552
Added: Apr 27
Changed: Jul 28
Last Checked: Jul 30 at 11:06AM
MLS# 100050135
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 traditional-style 4-plex is arranged with units on all 3 floors, offering a mix of layouts. Unit #1 has recently been finished. Units #2 and #3 are one-bedroom, one-bath apartments. Unit #4 is a larger loft studio unit with 1.5 bathrooms. The property includes on-site coin-operated washer and dryer facilities and provides off-street parking, with 1 parking space assigned for each unit.
Located at 465 W MARINE Dr in Astoria, Oregon, the building offers Columbia River and Astoria Port Dock views. The property is listed in C3 zoning and sits on a 0.12-acre lot.
For investors and owner-occupants looking for a small multifamily asset with multiple apartment types, this 4-plex provides an on-site laundry amenity and dedicated off-street parking for residents. The unit mix includes two one-bedroom units, a recently finished unit, and a loft studio with additional bath coverage, which can support tenant variety within the same building.
Located at 465 W MARINE Dr in Astoria, Oregon, the building offers Columbia River and Astoria Port Dock views. The property is listed in C3 zoning and sits on a 0.12-acre lot.
For investors and owner-occupants looking for a small multifamily asset with multiple apartment types, this 4-plex provides an on-site laundry amenity and dedicated off-street parking for residents. The unit mix includes two one-bedroom units, a recently finished unit, and a loft studio with additional bath coverage, which can support tenant variety within the same building.
Key Highlights
- Traditional 4‑plex with units on all 3 floors
- Coin‑operated washer & dryer on‑site
- Off‑street parking with 1 parking space per unit
Financial Insights For Multifamily LT 5
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 | $41.4k | $13.80 |
| − Vacancy | −$10.6k | −$3.54 |
| EGI | $30.8k | $10.26 |
| − OpEx | −$9.2k | −$3.08 |
| NOI | $21.5k | $7.18 |
3,000 SF · lease $13.80/SF/yr · vacancy 25.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.8K
$269.3K – $359.1K
NOI $21,547 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$278.8K
$243.9K – $325.2K
NOI $19,513 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$872.2K
$763.2K – $1.02M
NOI $61,056 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 97103, OR
18,080
Population
8,007
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
163.3 sq mi
ZIP Area
111
Density / Sq Mi
$75,080
Median Household Income
$41,222
Median Earnings
$1,156
Median Rent
$437,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Traditional four-unit building with coin-operated laundry, off-street parking, and river/port views in a C3 zone.
Where is this quadplex located?
The property is located at 465 W MARINE Dr Astoria, OR.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Traditional 4‑plex with units on all 3 floors; Coin‑operated washer & dryer on‑site; Off‑street parking with 1 parking space per unit
