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Listed by Coldwell Banker Professional
$1,057,000
Est. payment /mo
4,497 SqFt
Open House
Fri Sep 05, 12:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,497 sqft
Price per Sqft $235
Subdivision Lakeside Heights
MLS Listing ID 466090545
Year Built 1997
Annual Tax Amount $9,826
Tax Year 2024
Lot Size 0.270 Acres
Property Description
Income-Producing Triplex with Seasonal Lake Views in Desirable Neotsu. Excellent investment opportunity in the peaceful lakeside community of Neotsu, just minutes from Lincoln City and the Oregon Coast. This well-maintained tri-plex offers three spacious units, each with 3 bedrooms, 2 bathrooms, and approximately 1,499 square feet of bright, open living space. Features include driftwood-style luxury vinyl plank flooring, attached oversized single garages, and private decks with seasonal views of Devil's Lake. Two units have strong long-term rental histories. The third unit has been fully remodeled and is currently rented as a mid-range furnished unit—furnishings are negotiable. Recent exterior improvements include fresh paint and stained decks, ensuring low maintenance for years to come.Neotsu is known for its warmer microclimate and easy access to outdoor recreation. Residents enjoy birdwatching, kayaking, fishing, and paddleboarding on Devil's Lake, along with hiking and picnicking at nearby Regatta Park. Just minutes away, Lincoln City offers beachcombing, tide pooling, surfing, and whale watching, plus shopping at the Lincoln City Outlets, dining, art galleries, golf, and the Chinook Winds Casino Resort. Whether you're seeking a full investment property or a chance to live in one unit while leasing the others, this triplex offers both income potential and lifestyle appeal in a high-demand coastal market. Please do not disturb tenants. Showings available only with an accepted offer. Seller-carried financing may be considered.
Location
State OR
County Lincoln
Area _200
Zoning R-M
Interior
Heating Zoned
Exterior
Garage Spaces 3.0
View Lake, Seasonal
Roof Type Composition
Garage No
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Oceanlake
Middle Schools Taft
High Schools Taft
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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