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1500 1600 Blk NE Oar Ave, Lincoln City
$499,000
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- Lot size
- 1.03 acres
- Property type
- Land
- Days on market
- 481
Overview
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.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 1.03 acres
- Lot features
- Brush, Trees
- View
- Yes
- View description
- Territorial
Schools
- High school
- Taft
- Middle school
- Taft
- Elementary school
- Oceanlake
Location
- City
- Lincoln City
- County
- Lincoln
- Zoning
- RM
- Subdivision
- RAYMOND TOWNSITE
Taxes and dues
- Annual taxes
- $4,726 (2026)
Location
1500 1600 Blk NE Oar Ave, Lincoln City, OR 97367
Monthly payment estimate
$3,050 /mo
- Principal and interest
- $2,656
- Property tax (2026)
- $394
- Total
- $3,050
Estimate only, and not an offer of credit. Assumes 20% down ($99,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
