Duplex with Attached
3217 NE Tide Ave, Lincoln City, OR 97367
For Sale
$475,000
Both residences offer two bedrooms, one bathroom, and an attached laundry room with washer and dryer connections.
Property Size2,204 SF
Price / SF$215.52
Days on Market52
Property Features for 3217 NE Tide Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hook-up
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
Steve Rutherford · License OR #850600162
(503) 334-9178
Source:
Jmannrealty
Added: Sep 25
Changed: Nov 11
Last Checked: Nov 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.
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Investment Insights
Based on property information with market context.
This 2,204-square-foot duplex, built in 1977, contains two residences. Each unit has two bedrooms, one bathroom, and an attached laundry room with washer and dryer hookups. The property is zoned R-M.
The duplex is near a lake, a casino, shopping, restaurants, retail stores, and a beach.
The duplex is near a lake, a casino, shopping, restaurants, retail stores, and a beach.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,204 square feet; built in 1977
- Attached laundry room and washer/dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,541
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,820
$410.8K
Cap Rate 7%
$293,443
$293.4K
Cap Rate 9%
$228,233
$228.2K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$29.3K $13.31/SF
− OpEx
−$8.8K −$3.99/SF
NOI
$20.5K $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%
$410,820
Cap Rate 7%
$293,443
Cap Rate 9%
$228,233
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.8K – $342.4K
NOI $20,541 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$574.9K
$503.0K – $670.7K
NOI $40,241 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
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
$388,800
Median Home Value
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Market
Average Price Trend$/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 - Both residences offer two bedrooms, one bathroom, and an attached laundry room with washer and dryer connections.
Where is this duplex located?
The property is located at 3217 NE Tide Ave Lincoln City, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,204 square feet; built in 1977; Attached laundry room and washer/dryer hookups in each unit
