506 Highway 101

Rockaway Beach, OR 97136

$725,000
Price
Beds
Baths
2,678 Sq. Ft.
$271 / Sq. Ft.
2,678
Sq. Ft.
$271
per Sq. Ft.

Description

House & triplex $725,000. Large commercial/residential lot. Extra room to build future projects. Corner lot, totally renovated triplex -fully rented. Free standing stick built home fully rented. Across the street from the ocean. Zoning allows 45' height limits. Located in the heart of Rockaway Beach. Gross income @ $53,000/year. sold together as one parcel with two tax lots. Room to expand! Motel, bed & breakfast, home business, many possibilities. Build up to 45' for outstanding ocean views. 24-hour...House & triplex $725,000. Large commercial/residential lot. Extra room to build future projects. Corner lot, totally renovated triplex -fully rented. Free standing stick built home fully rented. Across the street from the ocean. Zoning allows 45' height limits. Located in the heart of Rockaway Beach. Gross income @ $53,000/year. sold together as one parcel with two tax lots. Room to expand! Motel, bed & breakfast, home business, many possibilities. Build up to 45' for outstanding ocean views. 24-hour notice for showings. Close to the popular pronto pup restaurant. Outstanding ocean views with vertical development.
  1. Listed by Tim Croman • Croman & Assoc. Realty, Inc.

Property Details for 506 Highway 101

Subdivision
ROCKAWAY BEACH
Parking Features
Off Street
Zoning
C-1
View
Ocean, Trees Woods
LISTING UPDATED: 02/12/2025 12:45 PM

Property Details for 506 Highway 101

StatusActive
MLS #24365429
Days on Market262
Taxes$2,248 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1941
Lot Size0.23 AC / 10,018 SF
CountyTillamook County

Building Information for 506 Highway 101

Stories2Residences4Year Built1941Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 506 Highway 101

Summary
Location and General Information
  • Country: US
  • Directions: Highway 101 south of downtown to S. 5th Avenue & 101
  • Road Surface: Paved
School Information
  • Elementary School: Garibaldi
  • High School: Neah-Kah-Nie
  • Middle Or Junior School: Neah-Kah-Nie
Taxes and HOA
  • Tax Annual Amount: $2,248.01
  • Parcel Number: 14326
  • Tax Legal Description: 1N1005BC04000 & 04100
Property
Lot Information
  • Acres: 0.23
  • Lot Description: Flood Zone, Level, Ocean Beach One Quarter Mile Or Less
  • Lot Size Square Feet: 10018.0
  • 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
  • Year Built: 1941
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Furnace
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Metal
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Block, Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $48,228.00
  • Gross Rent Multiplier: $15.03
  • Investor Information: According To Owner
  • Net Income Actual: $.00
  • Operating Expense: $.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 2678
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $800
  • Unit Type 1 SqFt: 453.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $949
  • Unit Type 2 SqFt: 453.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Range, Refrigerator, Washer Dryer
  • Unit Type 3 Rent: $800
  • Unit Type 3 SqFt: 453.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator, Washer Dryer
  • Unit Type 4 Rent: $1,870
  • Unit Type 4 SqFt: 1317
  • Unit Type 4 UnitsTotal: 1

Property History for 506 Highway 101

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Highway 101

Taxable ValueLand$37,090Additions$46,030Total$83,120
Tax Record2024$812 ($68 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,317 SqFtAbove Grade Finished SqFt1,317 SqFtStories1Lot Size6,534 SqFtStyleSingle Family ResidenceYear Built1941ZoningRK-C-1CountyTILLAMOOKAPN1N1005-BC-04000

Schools near 506 Highway 101

This home is within Neah-Kah-Nie School District 56.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Nehalem Elementary School
PublicPK to 5

Garibaldi Elementary School
PublicPK to 5

Neah-Kah-Nie Middle School
Public6 to 8

Neah-Kah-Nie High School
Public9 to 12

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.

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506 Highway 101 is a multi-family home for sale in Rockaway Beach, OR 97136. This property was listed for sale on May 29, 2024 by Croman & Assoc. Realty, Inc., it's currently listed at $725,000. It has been on the market for a total of 262 days and was last sold on May 8, 2019. This listing's school district is Neah-Kah-Nie School District 56. Nearby schools include Nehalem Elementary School, Garibaldi Elementary School and Neah-Kah-Nie Middle School. 506 Highway 101 is a 0-bed, 0-bath, 2,678 sqft multi-family home built in 1941.

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 Croman & Assoc. Realty, Inc.

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 © 2025 RMLS, Portland, Oregon. Last updated: 02/12/2025 12:45 PM