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    Oceanfront Duplex in Lincoln City Title is generated by Realmo AI

    3549 NW JETTY Ave, Lincoln City, OR 97367

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    Claim this Listing
    New
    For Sale
    $899,999

    MULTI_FAMILY - LincolnCity, OR

    Property size:
    2,288 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $393/SF
    Added:
    May 28, 2026
    Days on Market:
    2
    Last Refresh:
    May 29 at 5:06 pm

    Property Features for 3549 NW JETTY Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R5
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
    Standard status
    Active
    APN
    R96108
    Size
    2,288 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    PROPERTY ID R96108 NORWICKS FIRST ADDN.-DEVILS LAKE, BLOCK 10, LO
    Tax Annual Amount
    6874

    Utilities

    Heating system
    Baseboard
    Water front features
    Ocean Front
    Water front
    1

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    2
    Roof type
    Membrane

    We can help!

    Listing Contact
    Chris Eden
    Chris Eden

    Listing agent Chris Eden

    Listing office eXp Realty, LLC 4800 Meadows Rd Ste 300, Salem, OR

    Listing date May 28, 2026

    MLS# 280078042 Listing URL

    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.

    HighLights

    • Oceanfront duplex offering rental income potential - live in one unit and rent the other.
    • Both units feature fully remodeled kitchens with quartz countertops and stainless steel appliances.
    • Enjoy new LVP floors, fresh interior/exterior paint, gutters, and flashing.
    • Benefit from dedicated laundry rooms in both units, equipped with new washer and dryers.
    • Short distance to beach access, casino, grocery stores, and other conveniences.
    • Includes separate entrances and parking for 4 cars.

    Overview

    This oceanfront duplex is located in Lincoln City. The property features remodeled kitchens on both levels, with quartz countertops, new cabinets, and stainless steel appliances. New LVP floors have been installed, and both the interior and exterior have been painted. The duplex also has new gutters and flashing. Each unit includes a dedicated laundry room with new washer and dryer. The upper level features vaulted ceilings with exposed beams throughout the main living area and bedrooms, and an enclosed walkway. The property is located a short distance from the casino, grocery stores, and other conveniences. Beach access is available a few doors down. The property has separate entrances and parking for 4 cars. The lot size is 0.12 acres and the property size is 2288 square feet. The property is zoned R5 and can be used as a short term rental property, residential income property, or multifamily property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.012764
    Latitude
    44.991331

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    FAQs

    What type of property is this?
    Duplex - Remodeled duplex with ocean views, near amenities, potential rental income.
    Where is this duplex located?
    The property is located at 3549 NW JETTY Ave Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Oceanfront duplex offering rental income potential - live in one unit and rent the other.; Both units feature fully remodeled kitchens with quartz countertops and stainless steel appliances.; Enjoy new LVP floors, fresh interior/exterior paint, gutters, and flashing.
    (971) 712-6148
    We can help!
    Listing Contact
    Chris Eden
    Chris Eden
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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