New Coastal Luxury
For Sale
$1,179,900
331 Southeast Jetty Avenue, Lincoln City, OR 97367
Modern duplex in Lincoln City, near beaches and amenities.
Property Size3,604 SF
Price / SF$327.39
Days on Market222
Property Features for 331 Southeast Jetty Avenue
General Information
Standard status
Active
Size
3,604 SF
Total Parking Spaces
2
Property subtype
Residential / Single Family Residence
Zoning
R-M
Taxes and HOA fees
Annual Taxes
$6,956
Amenities
2, 4, 6, 0, 2, 0, 0.2, 4, 0.0, 4.0, 0, 0
81, Dining Room, Main, 9, 9, Great Room, High Ceilings
Family Room
143, Upper, 11, 13, _4th Bedroom
132, Upper, 11, 12, _5th Bedroom
100, Upper, 10, 10, _6th Bedroom
2
Crawl Space
4.2
6
3604
Double Pane Windows, Vinyl Frames
High Ceilings, Hookup Available, Laundry
Concrete Perimeter, Stem Wall
1544
2060
Composition
Deck, Yard
Board Batten Siding, Cement Siding, Lap Siding
Building Details
Year Built
2024
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Compass
Added: Mar 26
Changed: Oct 25
Last Checked: Nov 1 at 8:24AM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This new construction duplex offers luxury coastal living in Lincoln City, Oregon. Each side features an open concept floor plan with designer tones and fixtures. The main levels include kitchens with ample storage, eat-in islands, and tile backsplashes. Living rooms feature gas fireplaces, built-in features, and deck access. Upstairs, an additional living space offers versatility as a movie spot, home office, or rec area. The primary bedroom includes expansive windows, a walk-in closet, and a dual vanity ensuite. Two additional bedrooms complete the upper level. Located in Lincoln City, the property is convenient to restaurants, shopping at the outlet mall, and beaches. D River State Park is a short 0.4 walk to beach access. The property size is 3604 square feet and includes a 1 year builder warranty.
Key Highlights
- New construction duplex in Lincoln City, Oregon, offering modern elegance and coastal charm.
- Prime location: just a short 0.4 walk to beach access at D River State Park**, close to restaurants, shopping, and outlet mall.
- Open concept floor plan with designer tones, gas fireplace, built‑in features, and deck access.**
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.
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Location Intelligence
Trade Area within ½ mile
503
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Modern duplex in Lincoln City, near beaches and amenities.
Where is this duplex located?
The property is located at 331 Southeast Jetty Avenue 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: New construction duplex in Lincoln City, Oregon, offering modern elegance and coastal charm.; Prime location: just a short 0.4 walk to beach access at D River State Park**, close to restaurants, shopping, and outlet mall.; Open concept floor plan with designer tones, gas fireplace, built‑in features, and deck access.**
