Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    675 SE KEEL Ave Lincoln City, OR 97367

    View on Map
    New
    For Sale
    $539,000

    MULTI_FAMILY - LincolnCity, OR

    Property size:
    3,090 SF
    Lot size:
    0.11 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 5 at 4:06 pm

    Property Features for 675 SE KEEL Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-M
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 2
    Standard status
    Active
    APN
    R56231
    Size
    3,090 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    PROPERTY ID R56231 TWNSHP 07, RNG 11, ACRES 0.11, DOC201802016
    Tax Annual Amount
    3747

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1969
    Floors in Building
    2
    Number of units
    3
    Roof type
    Composition

    We can help!

    Listing Contact
    Mark Charlesworth

    Listing agent Mark Charlesworth License #200907037

    Listing office Keller Williams PDX Central 919 NE 19th Ave Ste 100, Portland, OR

    Listing date Apr 2, 2026

    MLS# 783468512

    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

    Lincoln City Triplex Near Beach

    Located in a quiet neighborhood, this well-maintained triplex offers a blend of privacy and convenience. It is situated minutes from shops, groceries, restaurants, and the post office, and a short stroll to the sandy beach. The property features tranquil, woodsy views from the front and partial ocean views from the upper level. The triplex consists of two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each with updates. The property includes a fully fenced backyard and mature landscaping. The property size is 3090 square feet on a lot of 0.11 acres. The zoning is R-M. This versatile property is suitable for a full-time rental, vacation getaway, or multi-generational living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.012422
    Latitude
    44.962471

    Nearby Similar for Sale

    • $825,000
      336 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage in Lincoln City, Oregon.
      3632 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $579,000
      2,406 SF

      Lincoln City Duplex Opportunity

      Duplex in central Lincoln City with rental income potential.
      1941-1945 NE 7th Drive, Lincoln City, OR 97367
      View Details
    • $1,800,000
      12,300 SF

      Highway Frontage Commercial Building

      12,300 SF commercial building on Highway 101 frontage.
      1745 SW Hwy 101, Lincoln City, OR 97367
      View Details
    • $698,000
      1,628 SF

      Remodeled Commercial Building on Highway

      Remodeled commercial building with highway frontage in downtown Lincoln City.
      1316 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $849,900
      2,524 SF

      Remodeled Commercial Building on Highway 101

      Remodeled commercial building with indoor/outdoor seating and parking.
      1330 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $1,200,000

      Highway Frontage Dispensary Business Opportunity

      Established dispensary business with highway frontage and consistent customer traffic.
      1745 SW Hwy 101, Lincoln City, OR 97367
      View Details
    • $408,900
      1,648 SF

      Lincoln City Home with Views

      Partially finished home with ocean views and rental potential.
      1333 NE Keel Avenue, Lincoln City, OR 97367
      View Details
    • $575,000
      2,655 SF

      Devils Lake Frontage Opportunity

      Lincoln City property with lake frontage and commercial zoning.
      4006 NE W Devils Lake Road, Lincoln City, OR 97367
      View Details
    • $825,000
      336 SF

      Highway Frontage Retail Opportunity

      Six lots with highway frontage and existing tenant.
      3632 NE HIGHWAY 101, LincolnCity, OR 97367
      View Details
    • $699,000
      1,980 SF

      Ocean View Duplex in Lincoln

      Income property duplex with ocean views and beach access.
      5218 NW Jetty Avenue, Lincoln City, OR 97367
      View Details
    • $2,239,900
      6,713 SF

      New Construction Multifamily Ocean View

      New six-unit multifamily property with ocean views in Lincoln City.
      305 SE Jetty Ave, LincolnCity, OR 97367
      View Details
    • $1,170,000
      2,665 SF

      Devils Lake Frontage Opportunity

      Prime commercial property with lake frontage in Lincoln City, Oregon.
      4006-4040 NE W Devils Lake Road, Lincoln City, OR 97367
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex in a quiet neighborhood near the beach.
    Where is this triplex located?
    The property is located at 675 SE KEEL Ave Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: Triplex featuring two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.; Minutes from shops, groceries, restaurants, post office, and the beach.; Versatile property suitable for rental, vacation getaway, or multi‑generational living.
    (503) 444-5868
    We can help!
    Listing Contact
    Mark Charlesworth
    Real Estate License ID: 200907037
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!