TL5500 NW 22nd ST, Lincoln City, OR 97367
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TL5500 NW 22nd ST, Lincoln City, OR 97367
TL5500 NW 22nd ST, Lincoln City, OR 97367
TL5500 NW 22nd ST, Lincoln City, OR 97367
TL5500 NW 22nd ST, Lincoln City, OR 97367
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Marcel Dolak

Marcel Dolak

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TL5500 NW 22nd ST Lincoln City, OR 97367

9,583 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Ocean Lake

MLS Listing ID 26-74

HOA Y/N No

Annual Tax Amount $1,146

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Residential

Source Oregon Coast Multiple Listing Service

Property Description

Site-plan approved 4-plex lot — seller financing available, utilities connected. This 0.22-acre parcel in Lincoln City's Ocean Lake neighborhood is zoned R-M and approved for a 4-plex — a rare shovel-ready position on the central Oregon Coast. Comparable 2-bedroom units in the area rent for $1,800-$2,100/month, putting a fully leased build in the range of roughly $7,200-$8,400/month in gross rental income. (Buyer to verify rents and finalize unit mix.) The groundwork is already done: electricity, public water, and public sewer are connected at the site, and it fronts a paved city street with curbs and sidewalks in place — so you head toward permits instead of burning months and thousands on utility runs. Seller financing available with owner terms — a major advantage on land, where bank financing is hard to come by. Add low carrying costs (just $1,147 in taxes last year), no HOA, no CC&Rs, and no land lease, and the path to breaking ground is clean. Minutes from Highway 101 and the beaches that drive year-round rental demand on the coast. Approved, connected, financeable. Buyers due diligence with the city on plans.

Location

State OR

County Lincoln

Community Ocean Lake

Zoning R-M Residential, Multifamily

Direction Turn on NW 22nd and the lot will be on the right hand side if driving West. Look for the Adair and For sale signs.

Interior

Equipment None

Exterior

Fence None

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Sewer Available, Water Available, Water Connected

Street Surface Paved

Road Frontage City Street

Building

Lot Description Level, Sloped, Wooded

Sewer Public Sewer

Water Public

Others

Tax ID 071110AD-5500-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Realty One Group At the Beach,

NEARBY SCHOOLS & PROPERTIES

Marcel Dolak

Marcel Dolak

Owner | Private Office Advisor | Global Real Estate Advisor | License ID: 28065

+1(425) 466-5870

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TL5500 NW 22nd ST