Vacant Duplex with Adjacent
1032 SW 14th Street, Lincoln City, OR 97367
For Sale
$519,900
Residential Income, Lincoln City, OR
Property Size1,840 SF
Lot Size0.46 Acres
Price / SF$282.55
Days on Market259
Property Features for 1032 SW 14th Street
General Information
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Full bathrooms
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Parking
Parking features
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Directions
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Size
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Building Details
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Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Amy Graham · License OR #200310128
(541) 992-1050
Added: Mar 2
Changed: Oct 28
Last Checked: Nov 15 at 4:06AM
MLS# 26-452
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This for-sale duplex is currently vacant and set up with two separate units. Each unit provides 2 bedrooms and 1 bath, and the property totals 1,840 square feet. The offering also includes a neighboring bare lot, which may be used for additional development, subject to buyer verification with the Lincoln City planning department.
Zoned R1-7.5, the duplex is located at 1032 SW 14th Street in Lincoln City, OR 97367. Public remarks indicate the location is central to nearby beach access, grocery options, an outlet mall, and a library.
With the duplex configuration and the included adjacent lot, the property provides flexibility for an owner-occupant or investor who wants rental income while retaining development optionality for the additional parcel, pending confirmation of feasibility with the City.
Zoned R1-7.5, the duplex is located at 1032 SW 14th Street in Lincoln City, OR 97367. Public remarks indicate the location is central to nearby beach access, grocery options, an outlet mall, and a library.
With the duplex configuration and the included adjacent lot, the property provides flexibility for an owner-occupant or investor who wants rental income while retaining development optionality for the additional parcel, pending confirmation of feasibility with the City.
Key Highlights
- Duplex with 2 units, each featuring 2 bedrooms and 1 bathroom
- Each unit has 920 sq ft
- Includes neighboring bare lot; buyer to verify potential development options with the Lincoln City planning department
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,149
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,980
$343.0K
Cap Rate 7%
$244,986
$245.0K
Cap Rate 9%
$190,544
$190.5K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$25.4K $13.80/SF
− Vacancy
−$894 −$0.49/SF
EGI
$24.5K $13.31/SF
− OpEx
−$7.3K −$3.99/SF
NOI
$17.1K $9.32/SF
Area
Lincoln County, OR
Vacancy
3.52%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,980
Cap Rate 7%
$244,986
Cap Rate 9%
$190,544
Alternative Uses
Best Use
Multifamily LT 5
$245.0K
$214.4K – $285.8K
NOI $17,149 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$225.5K
$197.4K – $263.1K
NOI $15,788 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$479.9K
$419.9K – $559.9K
NOI $33,595 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
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Business Placement
Demographics for 97367, OR
11,095
Population
8,138
Households
1.4
Avg Household Size
53
Median Age
29%
College-Educated
91%
High-School Grad
45.7 sq mi
ZIP Area
243
Density / Sq Mi
$58,845
Median Household Income
$37,370
Median Earnings
$1,333
Median Rent
$388,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lincoln County, OR
Properties on Market for Duplexes in Lincoln County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex offers two 2-bedroom, 1-bath units, plus an adjacent bare lot in an R1-7.5 zoning area.
Where is this duplex located?
The property is located at 1032 SW 14th Street Lincoln City, OR.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Duplex with 2 units, each featuring 2 bedrooms and 1 bathroom; Each unit has 920 sq ft; Includes neighboring bare lot; buyer to verify potential development options with the Lincoln City planning department
