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.
Active
$1,195,000
480 Highway 101 S, Rockaway Beach, OR 97136
14beds
7,538sqft
Est.:
Multi Family
Built in 1912
-- sqft lot
$-- Zestimate®
$159/sqft
$-- HOA
What's special
Exterior paintFoundation improvementsNew roof
- 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#: 756317164

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
- Loading
- Loading