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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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1500 1600 Blk Ne Oar Ave , Lincoln City, OR 97367
$499,000
Est. Payment: $2,509.06/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 338
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Sarita Dua
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House Description

Over 1 acre of vacant land comprised of 8 tax lots zoned RM (Residential Multi-Family), located in the 1600 block between NE 15th and NE 16th Streets, just east of NE Oar. Priced at 11 per square foot, this is a great opportunity for developers or investors looking to build multi-family housing. Preliminary concept drawings suggest the potential for an 18+ unit multi-family development with City approval. Possible ocean views from upper levels. Buyer to perform due diligence with the City of Lincoln City regarding allowable uses, zoning requirements, and potential density. Coordination with Public Works will be necessary for water and sewer service. Note: Septic easement on 7-11-10DA TL 8202 benefits 7-11-10DA TL 8703 until connection to sewer is completed.
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Highlights

Listed by Dennis Regen , 541-994-4169 and Korey Hazard , 541-994-9111 Taylor & Taylor Realty Co. , 541-994-9111. Portland Regional Multiple Listing Service mls logo

Property Type

Vacant Land
Lot/Acreage
1.03

County

Lincoln

Area

200 - Lincoln County

 Neighborhood

Raymond Townsite

Listing ID

576406118

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Lot:Gentle Sloping,Brush,Trees
Zoning:RM
Principal Interest
$2,509
Taxes
$333

Home Price

$499,000

Loan Details

30 yrs
6.446%

Down Payment

20%
$99,800
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:
$2,509.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,509.06 $332.97 $0.00 $2,842.03
Yearly $30,108.67 $3,995.66 $0.00 $34,104.33
Total $903,259.96 $119,869.80 $0.00 $1,023,129.76

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 (Lincoln City, 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.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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

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