New Coastal Luxury
331 SE Jetty Ave Lincoln City, OR 97367
For Sale
Contact for pricing
Modern duplex in Lincoln City, near beaches and amenities.
Property Size3,604 SF
Price / SF$332.94
Days on Market810
Property Features for 331 SE Jetty Ave
General Information
- Standard status
- Active
- Size
- 3,604 SF
- Property subtype
- Multifamily
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
Source:
Crexi
Added: May 7, 2024
Changed: Jul 6
Last Checked: Jul 24 at 12:00PM
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
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 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 | $49.7k | $13.80 |
| − Vacancy | −$1.8k | −$0.49 |
| EGI | $48.0k | $13.31 |
| − OpEx | −$14.4k | −$3.99 |
| NOI | $33.6k | $9.32 |
3,604 SF · lease $13.80/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.8K
$419.9K – $559.8K
NOI $33,589 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$441.8K
$386.6K – $515.4K
NOI $30,924 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,803 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 SE Jetty Ave Lincoln City, OR.
What is the asking price?
The asking price for this property is $1,199,900.
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.**
