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480 Highway 101

Rockaway Beach, OR 97136
  • $1,195,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 756317164
UPDATED: 36 min ago
$1,195,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,538
    SQFT
  • $159
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-25T17:58:29.203.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/159811173
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480 Highway 101 Rockaway Beach, OR 97136

  • Price: $1,195,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 36 min ago
  • MLS #: 756317164
0
Beds
0
Baths
0
½ Baths
0.31
Acres
7,538
SQFT
$159
$/SQFT
1912
Built
Neighborhood:
195-Tillamook County
County:
Tillamook
Area:
195-Tillamook County
Elementary School:
Garibaldi
Middle School:
Neah-Kah-Nie
High School:
Neah-Kah-Nie
Property Description
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.
Exterior Features

Attached Garage YN No Exterior Description Cement Siding Foundation Details Concrete Perimeter Lot Features Flood Zone Level Ocean Beach One Quarter Mile Or Less Parking Features Off Street Parking Total 16 Road Surface Type Concrete Roof Composition View YN No

Interior Features

Basement Crawl Space Cooling YN No Heating Baseboard Heating YN Yes

Property Features

Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 122812 IDXAddress Display YN Yes Internet Service Type Cable Listing Terms Cash Conventional Net Operating Income 89949 Operating Expense 32863 Property Attached YN No Property Condition Existing Rent Includes Cable TV Sewer Trash Collection Water Sewer Public Sewer Short Sale YN No Tax Annual Amount 4083.34 Tax Year 2024 Water Source Public Water Zoning RK- C-1

Listing provided courtesy of Legend Real Estate Services: .


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-25T17:58:29.203.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301