NW 22nd St #TL5500, Lincoln City, OR 97367

Lincoln City
Local realty services provided by:Knipe Realty ERA Powered
NW 22nd St #TL5500,Lincolncity, OR 97367
$99,500
  • 0.22 Acres
  • Lots / Land
  • Pending
Listed by: vanessa corder
Office: realty one group at the beach503-881-2313
MLS#:281988644
Source:PORTLAND

Price summary

  • Price:$99,500

About this home

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...

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Home facts

  • Listing ID #:281988644
  • Added:257 day(s) ago
  • Updated:September 30, 2026 at 08:23 AM

Structure and exterior

  • Lot area:0.22 Acres

Schools

  • High school:Taft
  • Middle school:Taft
  • Elementary school:Oceanlake

Finances and disclosures

  • Price:$99,500
  • Tax amount:$1,165 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: September 30, 2026

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