$535,000
Lincoln City, OR 97367
MLS# LC-68912
Status: Closed
17 beds | 13 baths | 6140 sqft
1 / 12
Property Description
10 Rental Units located a block from the beach/bay in the Historic Taft district. Multiple uses under the TVC Zoning. Would make an excellent B&B site, condo units, hotel, vacation rentals or..? Currently rented month to month & bringing in over $7300 monthly. Gross figure for 2012 was over $85,000 in income. DO NOT DISTURB THE TENANTS, SHOWN BY APPOINTMENT ONLY.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2013-11-19
Purchase Contract Date: 2013-09-01
Close Date: 2013-11-15
Close Price: 535000
Contingency: Accepting Backup Offers
Interior
Basement YN: No
Living Area Source: Assessor
Bedrooms Total: 17
Bathrooms Total: 13
Living Area: 6140
Lot
Lot Size Dimensions: 100x200
View YN: Yes
Lot Size Acres: 0.46
Lot Size Square Feet: 20037.6
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Remarks
Lincoln Public Historical Details: Water: City Street, Possession: Nego, Sq Ft Remarks: per county, Unit 7: Unit Number: 873,Beds: 1,Baths: 1,Rent: 565, Unit 8: Unit Number: 905,Beds: 3,Baths: 1,Rent: 1100, Unit 9: Unit Number: 907,Beds: 2,Baths: 1,Rent: 850, Unit 10: Unit Number: 909,Beds: 1,Baths: 1,Rent: 595
Appliances
Water Heater: 1
Architectural Style
Cottage: 1
Building and Property Details
Exterior Color: Varies
Construction Materials
Lap Siding: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Interior Features
Vaulted Ceiling(s): 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Other Structures
None: 1
Outdoor Living Spaces Features
Covered Porch: 1
Deck: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Body Type
Bay: 1
Water Heater
Electric: 1
Income and Expenses
Gross Income: 85223
Unit Five
Unit Number: 865B
Beds Total: 2
Baths Total: 1
Actual Rent: 795
Unit Four
Unit Number: 865A
Beds Total: 2
Baths Total: 2
Actual Rent: 850
Unit One
Unit Number: 855
Beds Total: 3
Baths Total: 2
Actual Rent: 1100
Unit Six
Unit Number: 871
Beds Total: 1
Baths Total: 1
Actual Rent: 595
Unit Three
Unit Number: 863
Beds Total: 1
Baths Total: 1
Actual Rent: 569
Unit Two
Unit Number: 861
Baths Total: 1
Actual Rent: 365
Additional Tax and Location Information
Highway 101: West Side
Property Tax ID #: R257435
Subdivision Block: NA
Subdivision Parcel/Lot: NA
Tax District: 412
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Historical Details
Historical MLS Number: 13-1287
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 863
Street Direction Prefix: SW
Street Name: 48th Street
County: Lincoln
State: OR
Postal Code: 97367
Directions: HWy 101 to SW Fleet, right on SW 48th Street to property at the end of the Street.
Parcel Number: 071127DC-2608-00
Contract
Current Price: $535,000
Status: Closed
Begin Date: 2013-05-08
Sold Price: $535,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Tax Annual Amount: 9788.87
Tax Year: 2013
Zoning: TVC - Taft Village Core
Tax Lot: 2608
Tax Map Number: 07-11-27-DC
AssociationCommunity
Number of Units: 10
Parking Information
Parking Total: 20
Building
Year Built: 1928
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected
Appliances: Water Heater
Architectural Style: Cottage
Construction Materials: Lap Siding
Foundation Details: Concrete Perimeter
Heating: Electric
Interior Features: Vaulted Ceiling(s)
Levels: Two
Listing Terms: Cash; Conventional
Other Structures: None
Outdoor Living Spaces Features: Covered Porch; Deck
Road Surface Type: Paved
Roof: Metal
Sewer: Public Sewer
Water Body Type: Bay
Water Heater: Electric
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only
Supplements
Buyer to check with the City of Lincoln City for all approved uses.
Cottage Layouts Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.