1500 1600 Blk Ne Oar Ave, Lincoln City, OR 97367

Lincoln City
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1500 1600 Blk Ne Oar Ave,Lincolncity, OR 97367
$499,000
  • 1.03 Acres
  • Lots / Land
  • Active
Listed by: dennis regen, korey hazard
Office: taylor & taylor realty co.541-994-9111
MLS#:576406118
Source:PORTLAND

Price summary

  • Price:$499,000

About this home

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.

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Home facts

  • Listing ID #:576406118
  • Added:358 day(s) ago
  • Updated:June 24, 2026 at 11:19 AM

Structure and exterior

  • Lot area:1.03 Acres
  • Lot Features:Brush, Trees

Schools

  • High school:Taft
  • Middle school:Taft
  • Elementary school:Oceanlake

Finances and disclosures

  • Price:$499,000
  • Tax amount:$3,996 (2025)
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