1. Oregon
  2. Rockaway Beach
  3. 480 HIGHWAY 101
$1,100,000

480 HIGHWAY 101, Rockaway Beach, OR 97136

  • 7,538 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $146/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

A 7.97% cap rate with an on-site manager with gross monthly income of $10,043. 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.

Listing Status:
Active
Date Added:
January 27, 2025 at 06:00AM
Listing Office:
Legend Real Estate Services : 503-502-9678
Listing Agent:
Marjorie Wells : 503-502-9678
MLS ID:
756317164
  • Basement: Crawl space
  • Heating: Baseboard

This listing courtesy of Marjorie Wells, Legend Real Estate Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Garibaldi Elementary School

604 Cypress Ave, Garibaldi, OR, 97118

Grades KG-5

3.42 miles away

N

Neah-Kah-Nie Middle School

25111 Highway 101 N, Rockaway Beach, OR, 97136

Grades 6-8

2.33 miles away

N

Neah-Kah-Nie High School

24705 Highway 101 N, Rockaway Beach, OR, 97136

Grades 9-12

2.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.