Coastal Duplex with Ocean
For Sale
$659,000
5218 NW Jetty Avenue, Lincoln City, OR 97367
Residential Income, Lincoln City, OR
Property Size1,980 SF
Lot Size0.11 Acres
Price / SF$332.83
Days on Market550
Property Features for 5218 NW Jetty Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1-RE Residential (Roads
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking
2
Window features
Window Treatments
Patio and Porch features
Deck
Interior features
Vaulted Ceiling(s)
Fireplace
1
Appliances
Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer, Water Heater, Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer, Water Heater
Subdivision
Road's End
Directions
Hwy 101 to Logan Rd to NW 50th St to NW Jetty to property.
Standard status
Active
APN
061134DD-2300-00
Size
1,980 SF
Lot size
0.11 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6004
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1966
Floors in Building
2
Number of units
2
Flooring type
Carpet
Building materials
Concrete
Roof type
Composition
Architectural style
Other
Buildings
1
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Apr 23, 2025
Changed: Oct 23
Last Checked: Oct 24 at 6:06PM
MLS# LC-103685
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 1,980-square-foot duplex, built in 1966, contains two residences: a lower unit with two bedrooms and one bathroom, and an upper unit with one bedroom and one bathroom. Interior features include vaulted ceilings, and a deck adds outdoor space. The property occupies 0.11 acres and has public water and sewer service. It is currently operated as a rental, with an approximate 6.6% cap rate.
Ocean views and nearby public beach access are among the property’s coastal features. A recorded view easement restricts construction above the existing height, preserving the established view corridor.
Ocean views and nearby public beach access are among the property’s coastal features. A recorded view easement restricts construction above the existing height, preserving the established view corridor.
Key Highlights
- Duplex with ocean views and nearby public beach access
- 1,980 square feet on a 0.11‑acre lot
- Lower unit: 2 bedrooms and 1 bathroom; upper unit: 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,454
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,080
$369.1K
Cap Rate 7%
$263,629
$263.6K
Cap Rate 9%
$205,044
$205.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$962 −$0.49/SF
EGI
$26.4K $13.31/SF
− OpEx
−$7.9K −$3.99/SF
NOI
$18.5K $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%
$369,080
Cap Rate 7%
$263,629
Cap Rate 9%
$205,044
Alternative Uses
Best Use
Multifamily LT 5
$263.6K
$230.7K – $307.6K
NOI $18,454 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$242.7K
$212.4K – $283.2K
NOI $16,989 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$516.4K
$451.9K – $602.5K
NOI $36,151 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
128
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 - Two separate residences offer a two-bedroom lower layout and a one-bedroom upper layout.
Where is this duplex located?
The property is located at 5218 NW Jetty Avenue Lincoln City, OR.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Duplex with ocean views and nearby public beach access; 1,980 square feet on a 0.11‑acre lot; Lower unit: 2 bedrooms and 1 bathroom; upper unit: 1 bedroom and 1 bathroom
