Duplex with Separate
New
For Sale
$475,000
3217 NE Tide Avenue NE, Lincoln City, OR 97367
Residential Income, Lincoln City, OR
Property Size2,212 SF
Lot Size0.13 Acres
Price / SF$214.74
Days on Market2
Property Features for 3217 NE Tide Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-M Residential, Multifam
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4
Parking
4
Parking features
Off Street, On Street
Window features
Vinyl Frames, Insulated Windows
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Pantry, Storage, Vaulted Ceiling(s)
Exterior features
Entry Flat
Fencing
Chain Link
Appliances
Disposal, Electric Range, Microwave, Refrigerator, Water Heater
Lot features
City Lot, Corner Lot
Directions
Hwy 101 to NE Holmes Rd - East on Holmes to Tide St. The blue Duplex on the corner of Tide and Holmes.
Standard status
Active
APN
071102CD-1202-00
Size
2,212 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3129
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Zoned, Electric (Heating)
Water source
Public
Building Details
Year built
1977
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Wood Siding, T1-11 Type
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Steve J Rutherford · License #850600162
(503) 334-9178
Added: Sep 25
Last Checked: Sep 26 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This 1977 duplex contains two residences, each arranged with two bedrooms and one bathroom. Interior features include eat-in kitchens, pantries, storage, and vaulted ceilings. A patio, chain-link fencing, and off-street and on-street parking are also present. The property occupies 0.13 acres and is zoned R-M Residential, Multifam.
Both units are occupied under month-to-month leases, and tenants pay their respective utility costs. Public water and sewer serve the property.
Both units are occupied under month-to-month leases, and tenants pay their respective utility costs. Public water and sewer serve the property.
Key Highlights
- Two duplex residences, each with 2 bedrooms and 1 bathroom
- Separate utilities paid by tenants
- 0.13‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,616
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and separately metered utilities paid by 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 duplex residences, each with 2 bedrooms and 1 bathroom; Separate utilities paid by tenants; 0.13‑acre parcel
