$1,750,000
Lincoln City, OR 97367
MLS# LC-104089
Status: Pending
2 beds | 1 baths | 648 sqft
1 / 13
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY in the heart of the Oceanlake district in NW Lincoln City Oregon. This mobile home park with 21 units (400/month) and 1 single family home (1,200/mo) with excellent long-term rental history. Almost an acre lot (0.91 acre) of favorable commercial mixed-use zoning of OP-IM. Less then 2 blocks to beach access!! Nearby coffee shop, restaurants, theater, and shopping. Adjacent property (house on 0.11 acre lot) may be purchased also. All mobile homes/RVs are tenant-owned and serviced by public utilities. 2 bed/1bath home has all new electrical. DO NOT DISTURB TENANTS.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2025-07-23
Purchase Contract Date: 2025-12-03
Contingency: Accepting Backup Offers
Contract
Permissible for Vacation Rental: Unknown
Current Price: $1,750,000
Status: Pending
Begin Date: 2025-06-20
List Price: $1,750,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax & Legal
CC&R's: No
Association/Community
Senior Community YN: No
Interior
Basement YN: No
Main Floor Living: Yes
Bedrooms Total: 2
Bathrooms Total: 1
Living Area: 648
Building
Year Built Details: per County
Year Built: 1943
Lot
Lot Size Dimensions: Plat Map
Lot Size Acres: 0.91
Lot Size Square Feet: 39639.6
Utilities
Electricity Connected: 1
Natural Gas Not Available: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Specially Assessed: No
Construction Materials
Shake Siding: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Levels
One and One Half: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 115200
Unit One
Unit Number: 1-21
Unit Description: Tenant Owned
Actual Rent: 400
Additional Tax and Location Information
Additional Subdivision Info: 1st Addn
Additional Tax ID #s: R25007
Highway 101: West Side
Neighborhood Code: L216
Property Tax ID #: R13203
Subdivision Block: 3
Subdivision Phase/Addition: 1
Tax District: 402
Tax Remarks: Per County (R13203 $7,885.35 + R25007 $824.30 = $8,709.65
Historical Details
Historical MLS Number: 25-1406
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 1461
Street Direction Prefix: NW
Street Name: 17th Street
County: Lincoln
State: OR
Postal Code: 97367
Directions: From Hwy 101; West on NW 17th St to address on right. DO NOT DISTURB TENANTS.
Cross Street: NW Jetty Ave
Parcel Number: 071110DB-13700-00
Tax Legal
Subdivision Name: Devils Lake Park
Tax Annual Amount: 8709.65
Tax Year: 2024
Additional Parcels Description: 07-11-10-DB-14300-00
Zoning: I-M Interior Mixed Use (Oceanlake)
Tax Lot: 13700
Tax Map Number: 071110DB
AssociationCommunity
Number of Units: 22
Parking Information
Parking Total: 22
Property Features
Utilities: Electricity Connected; Natural Gas Not Available; Water Available; Electricity Connected; Natural Gas Not Available; Water Available
Construction Materials: Shake Siding
Foundation Details: Concrete Perimeter
Heating: Electric
Levels: One and One Half
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Source: Public
Showing Considerations: Occupied
Overlay Map Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 16 - 2025
Information deemed reliable but not guaranteed.