Lincoln City Triplex Near
675 SE KEEL Ave Lincoln City, OR 97367
For Sale
$539,000
MULTI_FAMILY - LincolnCity, OR
Property Size3,090 SF
Lot Size0.11 Acres
Price / SF$174.43
Days on Market115
Property Features for 675 SE KEEL Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-M
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5
- Standard status
- Active
- APN
- R56231
- Size
- 3,090 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- PROPERTY ID R56231 TWNSHP 07, RNG 11, ACRES 0.11, DOC201802016
- Tax Annual Amount
- 3747
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1969
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing Agency:
Keller Williams PDX Central
(503) 548-4848
Listed By:
Mark Charlesworth · License #200907037
(503) 444-5868
Added: Apr 2
Changed: Jul 11
Last Checked: Jul 25 at 12:06PM
MLS# 783468512
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.
Investment Insights
Based on property information with market context.
Located in a quiet neighborhood, this well-maintained triplex offers a blend of privacy and convenience. It is situated minutes from shops, groceries, restaurants, and the post office, and a short stroll to the sandy beach. The property features tranquil, woodsy views from the front and partial ocean views from the upper level. The triplex consists of two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each with updates. The property includes a fully fenced backyard and mature landscaping. The property size is 3090 square feet on a lot of 0.11 acres. The zoning is R-M. This versatile property is suitable for a full-time rental, vacation getaway, or multi-generational living.
Key Highlights
- Triplex built in 1969 with baseboard heating and composition roof
- Two 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit
- Fully fenced backyard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $41.1k | $13.31 |
| − OpEx | −$12.3k | −$3.99 |
| NOI | $28.8k | $9.32 |
3,090 SF · lease $13.80/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.4K
$360.0K – $480.0K
NOI $28,799 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$378.8K
$331.4K – $441.9K
NOI $26,513 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$806.0K
$705.2K – $940.3K
NOI $56,418 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex in a quiet neighborhood near the beach.
Where is this triplex located?
The property is located at 675 SE KEEL Ave Lincoln City, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Triplex built in 1969 with baseboard heating and composition roof; Two 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit; Fully fenced backyard
