Residential
For Sale
$475,000
3217 NE Tide Avenue NE, Lincoln City, OR 97367
R-M zoning designates the property for residential multifamily use.
Property Size2,212 SF
Price / SF$214.74
Days on Market21
Property Features for 3217 NE Tide Avenue NE
General Information
Standard status
Active
Size
2,212 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R-M Residential, Multifam
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,128
Amenities
Curbs
Baseboard, Electric, Zoned
Disposal, Electric Range, Microwave, Refrigerator, Water Heater
Eat-in Kitchen, Pantry, Storage, Vaulted Ceiling(s)
Chain Link, Partial
Off Street, On Street, Paved
Traditional
Building Details
Building Size
2,212 SF
Year Built
1977
Buildings
1
Stories
2
Listing Agency:
Taylor and Taylor Realty Co.
Listed By:
Steve J Rutherford · License #850600162
(503) 334-9178
Source:
Evrealestate
Added: Sep 25
Changed: Oct 15
Last Checked: Oct 15 at 2:37AM
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 and Taylor Realty Co.
Investment Insights
Based on property information with market context.
This 2,212-square-foot duplex was built in 1977 and has R-M Residential, Multifam zoning. Interior features include eat-in kitchen space, a pantry, storage, and vaulted ceilings, along with baseboard electric heat and zoned temperature control.
The property is at 3217 NE Tide Avenue NE in Lincoln City, Oregon, on the corner of Tide Avenue and Holmes Road. Exterior details include partial chain-link fencing and paved off-street and on-street parking.
The property is at 3217 NE Tide Avenue NE in Lincoln City, Oregon, on the corner of Tide Avenue and Holmes Road. Exterior details include partial chain-link fencing and paved off-street and on-street parking.
Key Highlights
- 2,212‑square‑foot duplex
- R‑M Residential, Multifam zoning
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,616
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,320
$412.3K
Cap Rate 7%
$294,514
$294.5K
Cap Rate 9%
$229,067
$229.1K
Market Conditions
NOI Build-Up for 2,212 SF
Gross rent
$30.5K $13.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$29.5K $13.31/SF
− OpEx
−$8.8K −$3.99/SF
NOI
$20.6K $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%
$412,320
Cap Rate 7%
$294,514
Cap Rate 9%
$229,067
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.6K
NOI $20,616 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$271.1K
$237.3K – $316.3K
NOI $18,980 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$577.0K
$504.8K – $673.1K
NOI $40,387 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - R-M zoning designates the property for residential multifamily use.
Where is this duplex located?
The property is located at 3217 NE Tide Avenue NE 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: 2,212‑square‑foot duplex; R‑M Residential, Multifam zoning; Built in 1977
