$1,699,000
Rockaway Beach, OR 97136
MLS# 26-392
6 baths | 3205 sqft
1 / 55
Property Description
Nestled in the heart of Rockaway Beach, Oregon, The Blue Octopus is a thriving 6 unit boutique hotel offering a collection of charming, retro-inspired cottages just off the beach and great NOI. With ocean views and beach access right outside your door, this profitable property presents an incredible investment opportunity. Bright, clean, and cozy, each unit provides a comfortable retreat with unique decor that keeps guests returning time and again. Experience the perfect blend of comfort, charm, and coastal beauty at The Blue Octopus—your home away from home in Rockaway Beach and a lucrative business venture.
Details
Maps
Status Change Information
Price Change Timestamp: 2026-05-10T01:33:49Z
Status Change Timestamp: 2026-02-26
Address
Street Number: 105
Street Direction Prefix: S
Street Name: 6th
Street Suffix: Avenue
County: Tillamook
State: OR
Postal Code: 97136
Directions: West on 6th from hwy 101
Parcel Number: 1N1005-BC-05000
Within City Limits?: Yes
Currently Not Used
Association YN: No
Interior
Above Grade Finished Area: 3205
Living Area: 3205
Building Area Source: Public Records
Basement YN: No
Fireplace YN: No
Bathrooms Total: 6
Furnished: Furnished
Building
Number Of Buildings: 4
Year Built: 1922
Stories Total: 2
Accessibility Features YN: No
Lot
Lot Size Acres: 0.12
Lot Size Square Feet: 5227.2
Water Body Access YN: Yes
Accessory Dwelling Unit YN: Yes
View YN: Yes
Accessory Dwelling Unit Information
Number of ADUs: 6
Building and Property Details
Exterior Color: Blue
Washer/Dryer Type: Electric
Income and Expenses
Cap Rate: 8.23
Gross Income: 274826
Net Operating Income: 143968
Business Details
Equip/FF Incl Y/N: Yes
Additional Tax and Location Information
Highway 101: West Side
Property Tax ID #: 14512
Listing Information
Listing Association Name: Tillamook County BOR
Property Sub Type: Hotel/Motel
Contract
Current Price: $1,699,000
Status: Active
Begin Date: 2026-02-26
List Price: $1,699,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Tax Annual Amount: 3840.71
Tax Year: 2025
Zoning: R-R Recreation Residential
Tax Lot: 5000
Tax Map Number: 1N1005BC
Property Features
Utilities: Cable Available; Electricity Available; Sewer Connected; Cable Available; Electricity Available; Sewer Connected
Appliances: Dishwasher; Microwave; Refrigerator; Washer
Building Features: Free Standing; Laundry Facilities; Lobby; Storage
Business Type: Hotel/Motel
Construction Materials: Frame; Wood Siding
Flooring: Carpet; Laminate; Vinyl
Foundation Details: Crawl Space
Heating: Wall Furnace
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Level
Owner Pays: All Utilities
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Composition
Sale Includes: Building; Business
Special Listing Conditions: Standard
Water Body Type: Ocean
Water Source: Public
Window Features: Double Pane Windows; Vinyl Frames
Showing Requirements: Appointment Only
Listing Office: Keller Williams Sunset Corridor - Coast Life
Office Email: catherine@orcoastrealty.com
Last Updated: September - 30 - 2026
Information deemed reliable but not guaranteed.