107/109 NW 22nd Ave, Rockaway Beach, OR 97136

$925,000

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Property Description

Unlock the ultimate coastal investment with this versatile duplex, perfectly positioned to capture both the soothing white noise of the surf and a steady rental stream. Just a stone's throw from the beach via a convenient trail, this property is a premier find for savvy investors or anyone seeking a coastal home with built-in income potential. With transferable short-term rental permits for each unit, this property is ideal for those seeking a prime coastal location. Each unit features four spacious bedrooms and three full bathrooms, providing ample space for your family or guests. With plenty of parking available, you can easily explore the beach or nearby attractions. The property also enjoys a unique touch of local history, as the Oregon Coast Scenic Railroad occasionally passes by on the tracks out front. These vintage tourist trains run only on a limited, seasonal schedule, offering a charming and nostalgic sight rather than the activity of a standard commercial line. It's a delightful, only-on-the-coast feature that adds a bit of whimsical character to an already standout property. Approximately 90 minutes from PDX, this duplex presents a fantastic chance to capitalize on the growing demand for coastal real estate.

107/109 NW 22nd Ave | MLS# 24285847

This multi-family property located at 107/109 NW 22nd Ave, Rockaway Beach, OR 97136 is currently listed for sale with an asking price of $925,000. Search Rockaway Beach real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump
Fuel Type: Electricity
Heating: Forced Air, Heat Pump
Roof Type: Composition
Stories: 2.0
Taxes: $4,287
Year Built: 2021
Square Feet: 3,076

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 4
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $3000.00
Square Footage: 1538
Total Units: 1
Unit Type 2:
Bathroom(s): 3
Bedrooms: 4
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $3000.00
Square Footage: 1538
Total Units: 1

Feature Descriptions

Days on Site: 530
Exterior: Board & Batten Siding, Cement Siding
Gross Income: $52323.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Level, Ocean Beach 1-4 Mile or Less
Net Income: $41236.00 (Actual)
Operating Expenses: $11087.00 (Actual)
Parking: Driveway, Garage
Parking Notes: Driveway, Garage
Sewer: Public Sewer
Special View Info: Mountain
Storage: Garage
Units: 2
Water: Public Water

Local Schools

High School: Neah-Kah-Nie
Middle School: Neah-Kah-Nie
Elementary School: Garibaldi

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Professional
Agency Phone: 503-538-0468

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 5,304.35 per month $4,677.30 Principal & Interest $357.25 Property Tax $269.79 Homeowner's Insurance

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