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.
Active
$499,000
1500-1600 NE Oar Ave, Lincoln City, OR 97367
--beds
0baths
1.03Acres
Unimproved Land, Multi Family
Built in ----
1.03 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 478 days
- 8
- 1
Zillow last checked:
Listing updated:
Listed by:
Dennis Regen 541-994-9111,
Taylor & Taylor Realty Co.,
Korey Hazard 541-961-7519,
Taylor & Taylor Realty Co.
Source: RMLS (OR),MLS#: 576406118
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.03 Acres
- Features: Brush, Trees, Gentle Sloping, Acres 1 to 3
Details
- Additional parcels included: 8 lots
- Parcel number: R309952
- Zoning: RM
Utilities & green energy
- Utilities for property: Cable Available, Cable Connected
Community & HOA
Community
- Subdivision: Raymond Townsite
HOA
- Has HOA: No
Location
- Region: Lincoln City
Financial & listing details
- Annual tax amount: $3,995
- Date on market: 6/29/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2025 | Listed for sale | $499,000 |
Source:  OCMLS #25-1481 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 97367
Nearby schools
Schools provided by the listing agent
- Elementary: Oceanlake,Taft
- Middle: Taft
- High: Taft
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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