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    331 SE Jetty Ave Lincoln City, OR 97367
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    331 SE Jetty Ave Lincoln City, OR 97367

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    • Duplexes
    • 3,604 SF
    For Sale
    $1,199,900
    View Listing →
    New Coastal Luxury Duplex For Sale
    $1,199,900
    3,604 SF

    New Coastal Luxury Duplex

    Modern duplex in Lincoln City, near beaches and amenities.

    331 SE Jetty Ave, Lincoln City, OR 97367
    View Listing
    Property ID
    US71-1026986
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Duplexes

    Property Details for 331 SE Jetty Ave

    Property size
    3,604 SF
    Property type
    Duplexes

    Description

    Welcome to luxury coastal living at its finest in Lincoln City, Oregon! This stunning new construction duplex offers the perfect blend of modern elegance and coastal charm. Each side of this duplex features a thoughtfully designed open concept floor plan, adorned with warm designer tones and fixtures throughout. The main levels feature inviting kitchens equipped with ample storage space, eat-in islands, and stunning tile backsplashes. Adjacent living rooms beckon with cozy gas fireplaces, built-in features, and convenient slider access to the deck – perfect for enjoying Oregon's coastal breezes! Upstairs, discover even more versatility with an additional living space, offering endless possibilities as a movie spot, home office, rec area, or personalized retreat. The light-filled primary bedroom awaits with expansive windows, a walk-in closet, and a luxurious ensuite featuring a dual vanity. Two additional bedrooms complete the upper level, providing space for guests or family members. Nestled in the heart of Lincoln City, this property offers unparalleled convenience to an array of amenities. Explore nearby restaurants, indulge in shopping at the outlet mall, or soak up the sun at the pristine beaches just moments away - D River State Park is a short 0.4 walk to beach access! Don't miss your chance to experience coastal living at its best + enjoy peace of mind with 1 year builder warranty from boutique builder!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.013389
    Latitude
    44.964263

    Comparable in this City

    • New
      $550,000
      2,406 SF

      Lincoln City Duplex Opportunity

      Duplex in central Lincoln City with rental income potential.
      1941-1945 NE 7Th Dr, Lincoln City, OR 97367
      View Details
    • New
      $425,000
      1,840 SF

      Lincoln City Duplex Investment Opportunity

      Lincoln City duplex with two units, great location, vacant.
      1035 SW 15Th St, Lincoln City, OR 97367
      View Details
    • $699,000
      1,980 SF

      Ocean View Lincoln City Duplex

      Income-generating duplex with ocean views and beach access.
      5218 Northwest Jetty Ave, Lincoln City, OR 97367
      View Details
    • $699,000
      1,980 SF

      Ocean View Duplex in Lincoln

      Income property duplex with ocean views and beach access.
      5218 NW Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $1,199,900
      3,604 SF

      Luxury Coastal Living Duplex

      New construction duplex in Lincoln City, close to amenities.
      331 SE Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $584,000
      0.46 Acres

      Lincoln City Duplex and Lot

      Duplex with neighboring lot in great Lincoln City location.
      1032 SW 14Th St, Lincoln City, OR 97367
      View Details

    Similar Nearby for Sale

    • New
      $550,000
      2,406 SF

      Lincoln City Duplex Opportunity

      Duplex in central Lincoln City with rental income potential.
      1941-1945 NE 7Th Dr, Lincoln City, OR 97367
      View Details
    • New
      $425,000
      1,840 SF

      Lincoln City Duplex Investment Opportunity

      Lincoln City duplex with two units, great location, vacant.
      1035 SW 15Th St, Lincoln City, OR 97367
      View Details
    • $699,000
      1,980 SF

      Ocean View Lincoln City Duplex

      Income-generating duplex with ocean views and beach access.
      5218 Northwest Jetty Ave, Lincoln City, OR 97367
      View Details
    • $699,000
      1,980 SF

      Ocean View Duplex in Lincoln

      Income property duplex with ocean views and beach access.
      5218 NW Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $1,199,900
      3,604 SF

      Luxury Coastal Living Duplex

      New construction duplex in Lincoln City, close to amenities.
      331 SE Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $584,000
      0.46 Acres

      Lincoln City Duplex and Lot

      Duplex with neighboring lot in great Lincoln City location.
      1032 SW 14Th St, Lincoln City, OR 97367
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent in Lincoln City, Oregon.
      4041 NW Logan Rd, Lincoln City, OR 97367
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Lincoln City

      Retail space with high visibility near Highway 101 available.
      4069 NW Logan Rd, Lincoln City, OR 97367
      View Details
    • Contact for pricing
      1,702 SF

      Retail Space on Highway 101

      Standalone retail building in a high-visibility location.
      900 Highway 101 SE, Lincoln City, OR 97367
      View Details
    View Listing
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    Lincoln City, OR 97367
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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.

    More about this property
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