480 HIGHWAY 101, Rockaway Beach OR, 97136

Active

480 HIGHWAY 101

Rockaway Beach OR, 97136

$1,195,000

Active

14 Beds

10 Baths

Multi-family

Built in 1912

Courtesy of Legend Real Estate Services

A 7.5% cap rate with an on-site manager with gross monthly income of $10,234. An 11-unit apartment plus retail and garage rental. Additional income includes Studio income of $650 a month, retail space income of $1100 a month, laundry income of $580 a year, and garage income of $100 a month. The building has a new roof, with siding, exterior paint, and windows, which were replaced within the last 10 years with foundation improvements. Do not disturb tenants.

756317164

MLSⓇ ID

January 27, 2025

Listed

February 12, 2025

Updated

Interior Features

Total Stories: 2
Bedrooms: 14
Total Bathrooms: 10
Full Bathrooms: 10
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Baseboard

Exterior/Building Features

Lot Size: 0.31 Acres
Lot Features: Flood Zone, Level, Ocean Beach One Quarter Mile Or Less
Roof: Composition
Sewer: Public Sewer

School Information

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

Other Property Details

Area Name: _195
Taxes: $4,083
Tax Frequency: Annually
Days on Market: 16
Garage: Yes
Garage Spaces: 1
Parking: Off Street
View: No
County: Tillamook
Water Source: Public Water
Pool: No
Zoning: RK-C-1

Listing Courtesy of Legend Real Estate Services, Marjorie Wells. 503-502-9678

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This content last updated on 2/12/2025, 5:50 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available