TL5500 NW 22nd, Lincoln City, OR 97367

Lincoln City
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
TL5500 NW 22nd,Lincoln City, OR 97367
$99,500
  • 0.22 Acres
  • Lots / Land
  • Active
Listed by: vanessa n corder
Office: realty one group at the beach,
MLS#:26-74
Source:OR_LCBR

Price summary

  • Price:$99,500

About this home

Site-plan approved 4-plex lot — seller financing available, utilities connected. This 0.22-acre parcel in Lincoln City's Ocean Lake neighborhood is zoned R-M and approved for a 4-plex — a rare shovel-ready position on the central Oregon Coast. Comparable 2-bedroom units in the area rent for $1,800-$2,100/month, putting a fully leased build in the range of roughly $7,200-$8,400/month in gross rental income. (Buyer to verify rents and finalize unit mix.) The groundwork is already done: electricity, public water, and public sewer are connected at the site, and it fronts a paved city street with curbs and sidewalks in place — so you head toward permits instead of burning months and thousands on utility runs. Seller financing available with owner terms — a major advantage on land, where bank financing is hard to come by. Add low carrying costs (just $1,147 in taxes last year), no HOA, no CC&Rs, and no land lease, and the path to breaking ground is clean. Minutes from Highway 101 and the...

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Home facts

  • Subdivision & Development:Ocean Lake
  • Listing ID #:26-74
  • Added:249 day(s) ago
  • Updated:September 22, 2026 at 02:16 PM

Structure and exterior

  • Lot area:0.22 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$99,500
  • Tax amount:$1,147 (2025)

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