$1057000
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9 Bed
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6 Bath
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4497 SqFt
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0 DOM
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Built: 1997
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Status: Active
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Income-Producing Triplex with Seasonal Lake Views in Desirable Neotsu. Excellent investment opportunity in the peaceful lakeside community of Neotsu, just minutes from Lincoln City and the Oregon Coast. This well-maintained tri-plex offers three spacious units, each with 3 bedrooms, 2 bathrooms, and approximately 1,499 square feet of bright, open living space. Features include driftwood-style luxury vinyl plank flooring, attached oversized single garages, and private decks with seasonal views of Devil's Lake. Two units have strong long-term rental histories. The third unit has been fully remodeled and is currently rented as a mid-range furnished unit—furnishings are negotiable. Recent exterior improvements include fresh paint and stained decks, ensuring low maintenance for years to come.Neotsu is known for its warmer microclimate and easy access to outdoor recreation. Residents enjoy birdwatching, kayaking, fishing, and paddleboarding on Devil's Lake, along with hiking and picnicking at nearby Regatta Park. Just minutes away, Lincoln City offers beachcombing, tide pooling, surfing, and whale watching, plus shopping at the Lincoln City Outlets, dining, art galleries, golf, and the Chinook Winds Casino Resort. Whether you're seeking a full investment property or a chance to live in one unit while leasing the others, this triplex offers both income potential and lifestyle appeal in a high-demand coastal market. Please do not disturb tenants. Showings available only with an accepted offer. Seller-carried financing may be considered.
Listing Provided Courtesy of Hannah Katz, Coldwell Banker Professional
General Information
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466090545
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0 DOM
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9
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0.27 acres
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6
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4497
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1997
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R-M
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Lincoln
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R505900
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Oceanlake
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Taft
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Taft
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MultiFamily
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PROPERTY ID R505900 LAKESIDE HEIGHTS, LOT 1, DOC202100749
Listing Provided Courtesy of Hannah Katz, Coldwell Banker Professional
PDXA1 Realty Group data last checked: Aug 19, 2025 20:15 | Listing last modified Aug 19, 2025 16:35,
Source:
Residence Information
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-
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4497
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-
-
-
9
-
-
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6
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Composition
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3,
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-
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3
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1997
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No
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Cedar, LapSiding
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-
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ConcretePerimeter
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Features and Utilities
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-
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Gas
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Zoned
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PublicSewer
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Gas
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Electricity
Financial
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9826.56
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Electricity,Heat,None,Sewer,Water
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-
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Cash,Conventional
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08-19-2025
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No
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No
Comparable Information
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0
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0
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Cash,Conventional
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$1,057,000
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$1,057,000
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-
Aug 19, 2025 16:35
Schools
Map
Listing courtesy of Coldwell Banker Professional.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Aug 19, 2025 20:15 | Listing last modified Aug 19, 2025 16:35.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
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