- ADDRESS:
- NW 22nd ST TL5500 Lincoln City, OR 97367
- VIDEOS:
- Print this Listing
- Price:
- $119,000
- Ft²:
- 0
- Acres:
- 0.22
- MLS#:
- 281988644
- Lot Size:
- 7,000 to 9,999 SqFt
- Type:
- Land
- Zone:
- RM
- County:
- Lincoln
- Status:
- Active
- View:
- Trees/Woods
- Elem:
- Oceanlake
- Middle:
- Taft
- High:
- Taft
- Area:
- Lincoln County
- Courtesy of:
- Realty One Group At The Beach
- Remarks:
- 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, finance able. Buy to do their own due diligence to confirm information with city for plans.