$700,000
Lincoln City, OR 97367
MLS# LC-90923
Status: Closed
6 beds | 6 baths | 4435 sqft
1 / 30
Property Description
Oceanfront 4-plex style residence (non conforming) Great investment opportunity. Property features shared private direct beach access on the north side of the property. There are 2 two bedroom units each with 1 1/2 bath and 2 studio units each with 1 bath. Each unit has a wood burning fireplace. Studio units have ocean front patios and upper units each have ocean front decks. Property currently grosses $5,000 per month. Tenants - 24 hour notice required for showing.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2020-10-27
Purchase Contract Date: 2020-09-15
Close Date: 2020-10-27
Close Price: 700000
Tax & Legal
CC&R's: No
Interior
Basement YN: No
Fireplace YN: Yes
Living Area Source: Assessor
Bedrooms Total: 6
Bathrooms Total: 6
Living Area: 4435
Lot
Lot Size Dimensions: 50X253
View YN: Yes
Lot Size Acres: 0.29
Lot Size Square Feet: 12632.4
Waterfront YN: 1
Utilities
Electricity Connected: 1
Natural Gas Available: 1
Remarks
Lincoln Public Historical Details: Water: City Property, Possession: Subject to tenancy
Appliances
Dishwasher: 1
Electric Oven: 1
Electric Range: 1
Refrigerator: 1
Water Heater: 1
Architectural Style
Traditional: 1
Building and Property Details
Exterior Color: Natural
Construction Materials
Cedar: 1
Fireplace Features
Wood Burning: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Baseboard: 1
Levels
Multi/Split: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Outdoor Living Spaces Features
Deck: 1
Patio: 1
Parking Features
Attached Garage: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Body Type
Ocean: 1
Water Heater
Electric: 1
Income and Expenses
Gross Income: 60000
Unit Four
Unit Number: 4
Beds Total: 1
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1100
Unit One
Unit Number: 1
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1400
Unit Three
Unit Number: 3
Beds Total: 1
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1100
Unit Two
Unit Number: 2
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1400
Additional Tax and Location Information
Highway 101: West Side
Property Tax ID #: R208484
Subdivision Block: n/a
Subdivision Parcel/Lot: 061134AA0010000
Tax District: 410
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Historical Details
Historical MLS Number: 20-1082
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 7025
Street Direction Prefix: NW
Street Name: Logan
Street Suffix: Road
County: Lincoln
State: OR
Postal Code: 97367
Directions: Hwy 101 to Logan Rd to property.
Cross Street: Logan Rd
Parcel Number: 061134AA-100-00
Contract
Current Price: $700,000
Status: Closed
Begin Date: 2020-06-04
Sold Price: $700,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Tax Annual Amount: 12763.64
Tax Year: 2019
Zoning: R-1-RE Residential (Roads End)
Tax Lot: 100
Tax Map Number: 061134AA
AssociationCommunity
Number of Units: 4
Parking Information
Garage YN: 1
Garage Spaces: 2
Parking Total: 4
Building
Year Built: 1950
Property Features
Utilities: Electricity Connected; Natural Gas Available; Electricity Connected; Natural Gas Available
Appliances: Dishwasher; Electric Oven; Electric Range; Refrigerator; Water Heater
Architectural Style: Traditional
Construction Materials: Cedar
Fireplace Features: Wood Burning
Flooring: Carpet; Vinyl
Foundation Details: Concrete Perimeter
Heating: Electric; Baseboard
Levels: Multi/Split
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Outdoor Living Spaces Features: Deck; Patio
Parking Features: Attached Garage
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Body Type: Ocean
Water Heater: Electric
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only
Plat Map Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.