New Construction
331 SE Jetty Ave, Lincoln City, OR 97367
For Sale
$1,179,900
MultiFamily, LincolnCity, OR
Property Size3,604 SF
Lot Size0.11 Acres
Price / SF$327.39
Days on Market141
Property Features for 331 SE Jetty Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License OR #199910100
(503) 709-4632
Added: Jun 23
Changed: Nov 10
Last Checked: Nov 10 at 11:06PM
MLS# 106701836
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this side-by-side duplex contains two residences within a 3,604-square-foot property on 0.11 acres. Each home includes three bedrooms, 2 1/2 baths, an open main-level arrangement, and an additional living area upstairs. Kitchens feature extensive cabinetry, a full-size island with eat-bar seating, stainless steel appliances, and tile detailing. Dining and living spaces connect to gas fireplaces, built-in features, and sliding doors leading to private decks. Each primary suite has expansive windows, a walk-in closet, and an ensuite bath with dual sinks. Forced-air heating and composition roofing serve the property, which is zoned R-M.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms and 2 1/2 baths
- 3,604 square feet on a 0.11‑acre lot
- Built in 2024 with open layouts and upstairs living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,589
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,780
$671.8K
Cap Rate 7%
$479,843
$479.8K
Cap Rate 9%
$373,211
$373.2K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$49.7K $13.80/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$48.0K $13.31/SF
− OpEx
−$14.4K −$3.99/SF
NOI
$33.6K $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%
$671,780
Cap Rate 7%
$479,843
Cap Rate 9%
$373,211
Alternative Uses
Best Use
Multifamily LT 5
$479.8K
$419.9K – $559.8K
NOI $33,589 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$441.8K
$386.6K – $515.4K
NOI $30,924 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,803 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
503
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
$388,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Side-by-side residences offer open living areas, private decks, upstairs flex space, and separate primary suites with ensuite baths.
Where is this duplex located?
The property is located at 331 SE Jetty Ave Lincoln City, OR.
What is the asking price?
The asking price for this property is $1,179,900.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms and 2 1/2 baths; 3,604 square feet on a 0.11‑acre lot; Built in 2024 with open layouts and upstairs living areas
