Vacant Land for Multi-Family
For Sale
$499,000
1500 1600 Blk NE Oar Ave, Lincoln City, OR 97367
Over 1 acre of vacant land zoned for multi-family.
Property SizeContact for details
Lot Size1.03 Acres
Days on Market417
Property Features for 1500 1600 Blk NE Oar Ave
General Information
Standard status
Active
Lot size
1.03 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$3,996
Amenities
Brush
Trees
Listing Agency:
TAYLOR & TAYLOR REALTY CO.
(541) 994-9111
Listed By:
DENNIS REGEN · License #810604051
Source:
Corcoran
Added: Jun 30, 2025
Changed: Aug 19
Last Checked: Aug 20 at 5:37AM
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.
This is over 1 acre of vacant land comprised of 8 tax lots zoned RM (Residential Multi-Family). It is located in the 1600 block between NE 15th and NE 16th Streets, just east of NE Oar. This property presents an opportunity for developers or investors looking to build multi-family housing. Preliminary concept drawings suggest the potential for an 18+ unit multi-family development with City approval. There are possible ocean views from upper levels. Coordination with Public Works will be necessary for water and sewer service. There is a septic easement on 7-11-10DA TL 8202 that benefits 7-11-10DA TL 8703 until connection to sewer is completed. Buyers are advised to perform due diligence with the City of Lincoln City regarding allowable uses, zoning requirements, and potential density.
Key Highlights
- Over 1 acre of vacant land zoned RM for residential multi‑family development.
- Potential for 18+ unit multi‑family development (subject to City approval).
- Priced at just $11 per square foot.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Over 1 acre of vacant land zoned for multi-family.
Where is this land located?
The property is located at 1500 1600 Blk NE Oar Ave Lincoln City, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Over 1 acre of vacant land zoned RM for residential multi‑family development.; Potential for 18+ unit multi‑family development (subject to City approval).; Priced at just $11 per square foot.
