x
Address
2701 NW Hwy 101 Lincoln City, OR
Price
$ 4,400,000
Property Attributes
  • MLS#19291474
  • TypeMulti-Family
  • CountyLINCOLN
  • CityLincoln City
  • AreaLincoln County
  • Zip97367
  • Style
  • Year Built1929
  • Taxes36758
  • Price$ 4,400,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage44716
Listing Provided Courtesy Of:
Joseph Bernard LLC
Property Description

The Dorchester House is a turnkey apt building perfectly located in Lincoln City. Property has 69 units, plus large office. This market deal has 2 rental restrictions: tenants must be 58 and older, and 20% of units must be rented to tenants that make 50% of median income. Has library, commercial kitchen, parking, laundry and private courtyard with beautiful grounds with in place on-site management. Value-add potential to add 70th unit.

Price History
7/17/2019 Listed $4,400,000

General Features

Community Features Commons, Laundry
MLS Area Lincoln County
Property Type MultiFamily
Terms Conventional
Total Units 69
Video Tour Y/N No
Zoning G-C

Interior Features

Fueldescription Electricity
Heating Wall Furnace
Hot Water Gas
Sqftapproximatebuildingtotal 44716
Unit Features Refrigerator, Storage
Unittype1bathstotal 1
Unittype1sqft 450
Unittype1unitstotal 21
Unittype2bathstotal 1
Unittype2bedstotal 1
Unittype2sqft 540
Unittype2unitstotal 46
Unittype3bathstotal 1
Unittype3bedstotal 2
Unittype3sqft 650
Unittype3unitstotal 2

Exterior Features

Lot Size 1 to 2.99 Acres
Roof Composition
Sewer Public Sewer
Total Parking 55
View Y/N No
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97367

Price
AVG $1.19M
$4.4M
Taxes
AVG $11,171
$36,758
Visits
AVG 26
25
Year Built
AVG 1958
1929

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