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    6322 Rhododendron Ave Lincoln Beach, OR 97388

    Sponsored
    For Sale
    $440,000

    Ocean Views, 3-Car Garage, Income Potential

    Property size:
    1,560 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    348
    This exceptional multifamily investment opportunity in Gleneden Beach, Oregon, presents a rare chance to acquire a portfolio of single-family rentals. The property, located at 6322 Rhododendron Avenue, boasts a total of 1,560 square feet of living space situated on a spacious 10,018.8 square foot double lot. Mature fruit trees enhance the beautifully maintained wooded landscape. The interior features new flooring throughout, abundant storage, and a cozy pellet stove. Skylights illuminate the welcoming living spaces. A covered breezeway leads to a large three-car garage with an attached workshop, ideal for hobbies or storage. Ocean views are partially visible from the property. The property's prime location offers easy access to miles of sandy beaches at the nearby Gleneden Beach State Recreational Site. Golfing, dining, and shopping are within a short distance, and the attractions of Lincoln City and Chinook Winds Casino Resort are just a few miles away. Built in 1985, this property presents a compelling investment opportunity with strong rental potential in a desirable coastal Oregon location. The zip code is 97388. This is a turnkey investment ready for immediate income generation. Don't miss this chance to own a piece of the beautiful Oregon coast.

    Property Features for 6322 Rhododendron Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,560 SF

    Building Details

    Year Built
    1985

    HighLights

    • $440,000 asking price for a multifamily property.
    • 1,560 square feet, built in 1985, situated on a 10,018.8 sq ft lot.
    • Located at 6322 Rhododendron Avenue, Gleneden Beach, OR 97388.
    • Single‑family rental portfolio in a desirable beach location near recreational areas, golf, dining, and shopping.
    • Features include a 3‑car garage with attached shop, new flooring, a pellet stove, and ocean views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Gym & Fitness Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Beach
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.034269
    Latitude
    44.874706

    Nearby Comparable

    • $94,000
      0.31 Acres

      Gleneden Beach Commercial Land

      Commercial land in Gleneden Beach with highway frontage.
      7100 Blk Gleneden Bch, Gleneden Beach, OR 97388
      View Details
    • $85,000
      0.24 Acres

      Land in Salishan Community

      0.24 acre lot with amenities in Gleneden Beach.
      9 Big Tree Rd, Gleneden Beach, OR 97388
      View Details
    • $99,800

      Recreational Land Near Siletz River

      3.88-acre recreational land near the Lower Siletz River.
      S Immonen Rd, Lincoln City, OR 97367
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Ocean Views, 3-Car Garage, Income Potential
    Where is this multifamily property located?
    The property is located at 6322 Rhododendron Ave Lincoln Beach, OR.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: $440,000 asking price for a multifamily property.; 1,560 square feet, built in 1985, situated on a 10,018.8 sq ft lot.; Located at 6322 Rhododendron Avenue, Gleneden Beach, OR 97388.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    6322 Rhododendron Ave Lincoln Beach, OR 97388
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