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Listing provided courtesy of Taylor & Taylor Realty Company- MLS# LC-104228MLS ProviderSource MLS Verified

1500-1600 Blk NE Oar Avenue 8 lotsLincoln City, OR 97367

Vacant Land · 1.03 Acres
$499,000 Active

1500-1600 Blk NE Oar Avenue 8 lots Overview

Time on Site:
188 days
Visits:
3

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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1500-1600 Blk NE Oar Avenue 8 lots Facts & Features

  • Type Vacant Land
  • Lot 1.03 Acres

Details

General

Association/HOA

  • Association: false

Business Information

  • Current Use: Vacant

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Raymond Townsite

Community/Development

  • Development Status: Proposed

Rent/Lease Information

  • Land Lease: false

Tax Information

  • Tax Annual Amount: 3995.66
  • Tax Year: 2025

General Information

  • Listing Terms: 1031 Exchange,Cash,Conventional
  • Parcel Number: 071110DA
  • Possible Use: Residential,Subdivision
  • Property Sub Type: Residential
  • Property Type: Land
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: R-M Residential, Multifamily

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Other Equipment: None

Exterior

Lot Information

  • Additional Parcels Description: 8 parcels total. Also includes: 071110DA-8202, 071110DA-8400, 071110DA-8500, 071110DA-8600, 071110DA-8601, 071110DA-8701, 071110DA-8702
  • Lot Features: Level,Sloped
  • Lot Size Acres: 1.03
  • Lot Size Area: 1.03
  • Lot Size Square Feet: 44866.8
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Fencing: None
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Sewer Available,Water Available,Phone Available

1500-1600 Blk NE Oar Avenue 8 lots Neighborhood

Community

97367 (Lincoln City) Demographics

55
Median Age
231
Population Density (per sq. mile)
35%
College Educated
$46,563
Estimated Median Income
2,808
Estimated Total Home Owners
1,706
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1500-1600 Blk NE Oar Avenue 8 lots Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1500-1600 Blk NE Oar Avenue 8 lots Market Data

Based on the last 30 days in this zip code

$648,541
Average List Price
$372
Average Price per Square Foot
25
Properties Sold
116
Average Days on Market
436
Properties for Sale
Calculations provided by Reliance Network

1500-1600 Blk NE Oar Avenue 8 lots History

Date Event Value Agent
1/5/2026Source: Tillamook MLS Added to Database
June 29, 2025