Lincoln City Home with Ocean
For Sale
Contact for pricing
1333 NE Keel Avenue, Lincoln City, OR 97367
Partially finished 4-bed, 2-bath home with vacation rental zoning.
Property Size1,648 SF
Price / SF$248.73
Days on Market374
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Property Features for 1333 NE Keel Avenue
General Information
Standard status
Active
Size
1,648 SF
Property subtype
Hospitality, Office
Zoning
OP-MSH
Building Details
Year Built
1950
Listing Agency:
Taylor & Taylor Realty Co.
Listed By:
Dennis Regen · License #810604051
(541) 994-9111
Source:
Crexi
Added: Oct 7, 2025
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Taylor & Taylor Realty Co.
Investment Insights
Based on property information with market context.
Located in Lincoln City, this partially finished home offers ocean views from the upper level. The property features 4 bedrooms and 2 bathrooms. Interior improvements are underway, with electrical, plumbing, and sheetrock having been completed. The structure is situated on a level lot with convenient access. Its central location offers both residential comfort and commercial potential. The property is zoned to allow for short-term rentals. It is located near shopping, dining, the casino, and beaches. The property has a size of 1648 square feet and is being sold as-is.
Key Highlights
- Vacation Rental Zoning (STR Allowed)
- Ocean Views from Upper Level
- Partially Finished: Electrical, Plumbing, and Sheetrock Complete
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,140
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,800
$282.8K
Cap Rate 7%
$202,000
$202.0K
Cap Rate 9%
$157,111
$157.1K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$988 −$0.60/SF
EGI
$25.7K $15.60/SF
− OpEx
−$11.6K −$7.02/SF
NOI
$14.1K $8.58/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,800
Cap Rate 7%
$202,000
Cap Rate 9%
$157,111
Alternative Uses
Best Use
Apartment 5plus
$202.0K
$176.8K – $235.7K
NOI $14,140 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.9K
$376.1K – $501.5K
NOI $30,090 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Partially finished 4-bed, 2-bath home with vacation rental zoning.
Where is this short term rental property located?
The property is located at 1333 NE Keel Avenue Lincoln City, OR.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Vacation Rental Zoning (STR Allowed); Ocean Views from Upper Level; Partially Finished: Electrical, Plumbing, and Sheetrock Complete
