319 S Neptune St - Multi-Family FOR SALE


Rockaway Beach, OR 97136
$799,000 USD
503-354-4501
319 S Neptune St, Rockaway Beach, OR for Sale
$799,000 USD
Multi-Family - FOR SALE
1/23
null | 5.89% Cap Rate

319 S Neptune St
Rockaway Beach, OR 97136


HIGHLIGHTS

  • Brand new construction, desirable coastal location close to Lake Lytle and Beach, quality construction. Leased as of 5/2025 @ $2,800/mo per unit.

OVERVIEW

Both Units currently leased as of 5/28/25. BRAND NEW Custom Duplex is Prime Investment Opportunity. Tucked away in a quiet setting with creek, lush green forest, and walkable access to the beaches. The coast continues to grow as a premier location for investment and livability. Each unit is 3 bed/2.5 bath with 1,526 sq ft of open concept living and fresh contemporary design. Spacious kitchen w/quartz counters, stainless appliances, soft-close cabinets, handy pantry, and convenient breakfast bar. Great Room features dining/living combo with high ceilings and Luxury Vinyl Flooring for EZ-care, beauty, and ultimate durability. Bedrooms are upstairs with Primary/Bath en suite. Excellent rental location in centrally located Rockaway Beach, minutes to Manzanita, Wheeler, Garibaldi, shopping, dining and medical. View the video with the QR code below.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

2

PRICE/UNIT

$399,500

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

RK-R2

APN/PARCEL ID

R0000803

ASK ABOUT THIS PROPERTY

Mary Kay CampbellBerkshire Hathaway Homeservices Nw Real EstateMore Info
503-354-4501

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Mary Kay CampbellBerkshire Hathaway Homeservices Nw Real EstateMore Info
503-354-4501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.