Two tax lots, R2 zoning and an existing income-producing duplex in a prime Cannon Beach location. Situated in the highly desirable Presidential Streets, this property offers a compelling opportunity for investors, builders or buyers looking to explore future redevelopment. Continue to operate the existing duplex while considering a new residential project or other possibilities allowed under R2 zoning, including potential ADU options. Just blocks from the beach and downtown, this is a true walk-everywhere location with easy access to restaurants, shops, galleries and everything that makes Cannon Beach one of Oregon's most sought-after coastal destinations. The property is priced with its current condition in mind and is being offered AS-IS. Both units are currently tenant occupied. Please do not disturb tenants or enter the property without an appointment. A minimum of 48 hours' notice is required for showings. Buyer to perform due diligence with the City of Cannon Beach regarding zoning, lot configuration, ADU eligibility, redevelopment potential and permitted uses.
Active
$540,000
138 E Jefferson St, Cannon Beach, OR 97110
2beds
1,044sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$517/sqft
$-- HOA
What's special
- 5 days
- 256
- 17
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Andrea Mace 503-440-4024,
Realty One Group Prestige
Source: RMLS (OR),MLS#: 791259224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Appliances
- Included: Range, Refrigerator, Electric Water Heater
Interior area
- Total structure area: 1,044
- Total interior livable area: 1,044 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Features
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 5,227 Square Feet
- Features: Flag Lot, Level, Ocean Beach One Quarter Mile Or Less, SqFt 5000 to 6999
Details
- Parcel number: 5195
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Other
- Roof: Composition
Condition
- Fixer
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Presidential Streets
HOA
- Has HOA: No
Location
- Region: Cannon Beach
Financial & listing details
- Price per square foot: $517/sqft
- Tax assessed value: $328,756
- Annual tax amount: $1,477
- Date on market: 9/23/2026
- Listing terms: Cash,Conventional
- Total actual rent: 3660
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listed for sale | $540,000+104.5%$517/sqft |
Source:  RMLS (OR) #791259224 Report a problem | ||
| 1/1/2015 | Listing removed | $264,000$253/sqft |
Source: Windermere Stellar #14648194 Report a problem | ||
| 8/10/2014 | Price change | $264,000-1.9%$253/sqft |
Source: Windermere Stellar #14648194 Report a problem | ||
| 7/3/2014 | Price change | $269,000-3.6%$258/sqft |
Source: Windermere Stellar #14648194 Report a problem | ||
| 3/17/2014 | Listed for sale | $279,000$267/sqft |
Source: Windermere Cronin & Caplan Realty Group, Inc. #14648194 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,477 +1.3% | $119,030 +3% |
| 2024 | $1,459 +10.7% | $115,564 +3% |
| 2023 | $1,318 +2.7% | $112,199 +3% |
| 2022 | $1,284 +2.1% | $108,932 +3% |
| 2021 | $1,257 +1.8% | $105,760 +3% |
| 2020 | $1,236 | $102,681 +3% |
| 2019 | $1,236 +6.4% | $99,691 +3% |
| 2018 | $1,161 +5.5% | $96,789 +3% |
| 2017 | $1,100 +4% | $93,971 +3% |
| 2016 | $1,058 +16.3% | $91,235 +3% |
| 2015 | $910 +4.2% | $88,579 +3% |
| 2014 | $873 +3.3% | $86,000 +3% |
| 2013 | $845 | $83,497 +3% |
| 2012 | -- | $81,066 +3% |
| 2011 | -- | $78,706 +7.9% |
| 2010 | -- | $72,925 +3% |
| 2009 | -- | $70,802 +3% |
| 2008 | -- | $68,741 +3% |
| 2007 | -- | $66,740 +3% |
| 2006 | -- | $64,798 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97110
Nearby schools
Schools provided by the listing agent
- Elementary: Cannon Bch Acad,Pacific Ridge
- Middle: Seaside
- High: Seaside
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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