Residential
3217 NE Tide Avenue NE, Lincoln City, OR 97367
For Sale
$475,000
Residential Income, Lincoln City, OR
Property Size2,212 SF
Lot Size0.13 Acres
Price / SF$214.74
Days on Market51
Property Features for 3217 NE Tide Avenue NE
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Steve J Rutherford · License OR #850600162
(503) 334-9178
Added: Sep 25
Changed: Oct 28
Last Checked: Nov 14 at 3:06AM
MLS# 26-2597
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 duplex comprises two residences, each with two bedrooms and one bathroom. Both are currently occupied under month-to-month leases. Interior features include eat-in kitchens, pantries, storage, and vaulted ceilings; heating is electric baseboard with zoning. The property is served by public water and sewer and has R-M Residential, Multifam zoning.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate utilities for each residence; tenants pay utility costs
- Currently occupied under month‑to‑month leases
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
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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 - Both residences have separate utilities, paid by their respective tenants.
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: Two residences, each with 2 bedrooms and 1 bathroom; Separate utilities for each residence; tenants pay utility costs; Currently occupied under month‑to‑month leases
