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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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3096 Highway 101 N , Gearhart, OR 97138
$1,500,000
Est. Payment: $7,542.25/mo
12 Bed
12 Bath
6872 Sqft
Status: active | Days on site: 26
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Coming soon to the market, this exceptional multi-family investment property in desirable Gearhart. Thoughtfully designed, built in 2019 with quality craftsmanship, durability and low maintenance in mind making it an attractive addition to any investment portfolio. Four spacious 1,718 sq ft units with 3 bedrooms, 2-1/2 bathrooms each. Every unit has an appealing modern aesthetic with 9ft ceilings bringing in lots of natural light and use of materials such as quartz countertops in the kitchen and bathrooms, stainless steel appliances and engineered hardwood flooring. The kitchen offers a walk-in pantry as well as an island with extra seating space for 3-4. The layout of each unit makes the most of its usable space with an open first floor, efficient design and all bedrooms and two full bathrooms on the second story. Primary bedroom has an en suite bathroom with a walk-in shower and dual sinks. Each townhome-style unit has a private driveway, a one car garage and stackable washer/dryer. Additional parking spaces available on site. Each unit opens to a private fenced-in patio and backyard. This turnkey investment property is ideally situated near north coast amenities. Convenient to the beach, restaurants, shopping and recreational activities. This is an investment property that offers strong upside potential in an area that has experienced high demand for rental properties with hundreds of applications for available units. Strong rental history with documented tenant records available. Great opportunity for a hands-on investor, owner/occupant, investment portfolio or 1031 exchange.

Highlights

Listed by Wendy Carpenter , 503-502-7553 Windermere Heritage , 503-639-7914. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.43

Year Built

2019

County

Clatsop

Area

183 - Clatsop Co: Gearhart East

Listing ID

351146141

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:12
  • Full Bathrooms:12
Other:Public Water

Exterior Features

Lot:Level
Garage Capacity:8
Zoning:R2
Roof:Composition
Others:Existing
Sewer:Septic Tank
Parking Features:Attached,Off Street
Principal Interest
$7,542
Taxes
$631

Home Price

$1,500,000

Loan Details

30 yrs
6.446%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,542.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,542.25 $631.42 $0.00 $8,173.67
Yearly $90,507.01 $7,577.05 $0.00 $98,084.06
Total $2,715,210.29 $227,311.50 $0.00 $2,942,521.79

Today's Rates

30 Year

6.45%

20 Year

6.23%

15 Year

5.73%

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Market insight data is pulled from the same city as the listing being viewed (Gearhart, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated: 2026-07-24T01:19:15.000Z

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