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  • $1,195,000

    480 Highway 101 S, Rockaway Beach, OR 97136

    14beds
    7,538sqft
    : 
    Multi Family
    Built in 1912
    -- sqft lot
    $-- Zestimate®
    $159/sqft
    $-- HOA

    What's special

    Exterior paintFoundation improvementsNew roof
    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.
    88 days
    on Zillow
    |
    243
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 11, 2025 at 08:37am

    Listed by:

    Marjorie Wells 503-502-9678,

    Legend Real Estate Services

    Source: RMLS (OR),MLS#: 756317164MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 480 Highway 101 S.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 10
    • Full bathrooms: 10
    Heating
    • Baseboard
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 7,538
    • Total interior livable area: 7,538 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Off Street
    • Garage spaces: 1
    Features
    • Stories: 2
    Lot
    • Size: 0.31 Acres
    • Features: Flood Zone, Level, Ocean Beach One Quarter Mile Or Less, SqFt 10000 to 14999
    Details
    • Parcel number: 11926
    • Zoning: RK-C-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cement Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Existing
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    Location
    • Region: Rockaway Beach

    Financial & listing details

    • Price per square foot: $159/sqft
    • Annual tax amount: $4,083
    • Date on market: 1/27/2025
    • Listing terms: Cash,Conventional
    • Total actual rent: 8605
    • Road surface type: Concrete
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