3979 Northeast Johns Avenue
Neotsu, OR 97364
$1,145,000
Price
—
Beds
4,497 Sq. Ft.
$255 / Sq. Ft.
4,497
Sq. Ft.
$255
per Sq. Ft.
Description
Income-Producing Tri-Plex with Lake Views in Highly Desirable Neotsu. Discover a fantastic investment opportunity in the sought-after Neotsu area! This well-maintained tri-plex offers an incredible combination of income potential, location, and lifestyle. Each of the three spacious units features 3 bedrooms, 2 bathrooms, and approximately 1,499 square feet of comfortable living space, making this property ideal for both investors and owner-occupants. The property is thoughtfully designed with Driftwood-style...Income-Producing Tri-Plex with Lake Views in Highly Desirable Neotsu. Discover a fantastic investment opportunity in the sought-after Neotsu area! This well-maintained tri-plex offers an incredible combination of income potential, location, and lifestyle. Each of the three spacious units features 3 bedrooms, 2 bathrooms, and approximately 1,499 square feet of comfortable living space, making this property ideal for both investors and owner-occupants. The property is thoughtfully designed with Driftwood-style luxury vinyl plank flooring throughout, providing durability and style. Attached oversized single garages add convenience, while ample parking options ensure ease for residents and guests alike. Recent updates include fresh exterior paint and stained decks, enhancing the property’s curb appeal and longevity. Enjoy seasonal lake views and a serene natural setting where wildlife abounds. The grounds open to nearby trails adorned with wild berry bushes, providing a peaceful backdrop for recreation. Residents can take advantage of Regatta Park, featuring a community dock and play structure along the lake, perfect for relaxing afternoons or family outings. This tri-plex is located just minutes from Lincoln City’s vibrant amenities, including beaches, casinos, shopping, dining, and recreation. Several community parks, hiking locations, and the Lincoln City Recreation Center are also close by, offering endless opportunities for outdoor and leisure activities. Nestled in a quiet neighborhood, this property is the perfect blend of tranquility and convenience. Whether you choose to live in one unit and rent out the others or lease all three for maximum income, this tri-plex boasts a strong rental history and is a great income producer. DO NOT DISTURB OCCUPANTS – showings by appointment only. Don’t miss your chance to own this exceptional investment property in Neotsu. Minutes from the beach, with everything Lincoln City has to offer right at your fingertips.
- Listed by Justin Bradley • Redfin
Property Details for 3979 Northeast Johns Avenue
Subdivision
DEVILS LAKE
Parking FeaturesGarage, Off Street
ZoningRM
ViewTerritorial, Trees Woods
Garage Spaces3.00
Parking Total9.00
LISTING UPDATED: 11/25/2024 10:26 AM
Property Details for 3979 Northeast Johns Avenue
| Status | Active |
|---|---|
| MLS # | 24236239 |
| Days on Market | 31 |
| Taxes | $9,827 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1997 |
| Lot Size | - |
| County | Lincoln County |
Building Information for 3979 Northeast Johns Avenue
Stories2Residences3Year Built1997Building Size-Lot Size-
Property Information for 3979 Northeast Johns Avenue
Summary
Location and General Information
- Country: US
- Directions: From Oregon Coast Hwy 101 to NE Neotsu Dr to NE Johns Ave
- Road Surface: Paved
School Information
- Elementary School: Oceanlake
- High School: Taft
- Middle Or Junior School: Taft
Taxes and HOA
- Tax Annual Amount: $9,826.56
- Parcel Number: R505900
- Tax Legal Description: PROPERTY ID R505900 LAKESIDE HEIGHTS, LOT 1, DOC202100749
Property
Lot Information
- Lot Description: Corner Lot
- Lot Size Range: Sq Ft10000to14999
- Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Existing
- Year Built: 1997
Utilities
- Fuel Description: Electricity
- Heating Description: Forced Air
- Hot Water Description: Gas
- Sewer Description: Public Sewer
- Rent Includes: Electricity, Gas, Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
- Exterior Description: Cement Siding, Lap Siding
- Roof Type: Composition
- Water Name: Devils Lake
Interior Features
- Basement: None
- Foundation Details: Concrete Perimeter
- Stories: 2
Multi Family
Multi-Family Information
- Number Of Units Total: 3
- Gross Income Actual: $100,000.00
- Gross Rent Multiplier: $11.45
- Net Income Actual: $97,920.00
- Operating Expense: $.00
- Storage: Garage
- Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
- SqFt Approximate Building Total: 4497
Unit 1 Information
- Unit Type 1 Baths Total: 2
- Unit Type 1 Baths Decimal: 2.00
- Unit Type 1 Beds Total: 3
- Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
- Unit Type 1 Rent: $4,800
- Unit Type 1 SqFt: 1499.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 2
- Unit Type 2 Baths Decimal: 2.00
- Unit Type 2 Beds Total: 3
- Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
- Unit Type 2 Rent: $1,714
- Unit Type 2 SqFt: 1499.0
- Unit Type 2 Units Total: 1
Unit 3 Information
- Unit Type 3 Baths Total: 2
- Unit Type 3 Baths Decimal: 2.00
- Unit Type 3 Beds Total: 3
- Unit Type 3 Features: Dishwasher, Disposal, Range, Washer Dryer Hookup
- Unit Type 3 Rent: $1,846
- Unit Type 3 SqFt: 1499.0
- Unit Type 3 Units Total: 1
Property History for 3979 Northeast Johns Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3979 Northeast Johns Avenue
Taxable ValueLand-Additions-Total-
Tax Record2023$9,555 ($796 / month)
Home Facts
Baths6Total Finished SqFt1,572 SqFtAbove Grade Finished SqFt1,572 SqFtUnfinished Basement SqFt945 SqFtLot Size11,761 SqFtStyleTriplexYear Built1997ZoningR-M;MULTI-FAMCountyLINCOLNAPN07-11-02-AC-00900-00Fireplace TypeHas Fireplace
Schools near 3979 Northeast Johns Avenue
This home is within Lincoln County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 2 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 3 to 6 |
Rating | School | Distance |
|---|---|---|
Oceanlake Elementary School PublicK to 2 | ||
Taft Middle School Public7 to 8 | ||
Taft High School Public9 to 12 | ||
Taft Elementary School Public3 to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Lincoln City
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Redfin
All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/25/2024 10:26 AM
