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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Jared Hambrook

Jared Hambrook

+1(503) 930-2124
$ 99,500
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Price Dropped by $19K

TL5500 NW 22nd ST Lincoln City, OR 97367

9,583 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 9,583 sqft

Price per Sqft $10

Subdivision Ocean Lake

MLS Listing ID 26-74

HOA Y/N No

Annual Tax Amount $1,146

Tax Year 2025

Lot Size 9,583 Sqft

Acres 9583.2

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

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.

Exterior

Fence None

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

Building

Lot Description Level, Sloped, Wooded

Water Public

Others

Senior Community false

Tax ID 071110AD-5500-00

Special Listing Condition Standard

Lincoln County MLS Oregon / OREGON COAST MLS
Listed by Realty One Group At the Beach,

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

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TL5500 NW 22nd ST

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