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2701 Nw Hwy 101 , Lincoln City, OR 97367
3 Beds
3 Baths
44,716 sqft

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The Dorchester House is a turnkey apt building perfectly located in Lincoln City. Property has 69 units, plus large office. This market deal has 2 rental restrictions: tenants must be 58 and older, and 20% of units must be rented to tenants that make 50% of median income. Has library, commercial kitchen, parking, laundry and private courtyard with beautiful grounds with in place on-site management. Value-add potential to add 70th unit.
  • Price:
  • $4,400,000
  • Bedrooms:
  • 3
  • Square Footage:
  • 44,716
  • Year Built:
  • 1929
  • Listing ID #:
  • 19291474
  • Street Address:
  • 2701 Nw Hwy 101
  • City:
  • Lincoln City
  • State:
  • Oregon
  • Postal Code:
  • 97367
  • County:
  • Lincoln
  • Community:
  • Lincoln County
  • Listing Status:
  • Active
  • Amenities:
  • Commons, Laundry
  • Stories:
  • 3
  • Total Building Square Footage:
  • 44716
  • Type Of Roof:
  • Composition
  • Unit 1 - Square Footage Available:
  • 450
  • Unit 1 - Square Footage Available:
  • 650
  • Unit 1 Monthly Rent:
  • 795
  • Unit 2 - Square Footage Available:
  • 540
  • Unit 2 Monthly Rent:
  • 887
  • Unit 3 Monthly Rent:
  • 997
  • Unit Features:
  • Refrigerator, Storage
  • Unit1 Bathrooms:
  • 1
  • Unit1 Features:
  • Refrigerator, Storage
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit2 Features:
  • Refrigerator, Storage
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 2
  • Unit3 Features:
  • Refrigerator, Storage
  • Year Built:
  • 1929
  • Adjusted Gross Income:
  • 692307
  • Net Operating Income:
  • 305086
  • Conforms To Zoning:
  • G-C
  • Lot Size:
  • 1 To 2.99 Acres
  • Legal Description:
  • Braemar, Block 14, Lot 9-14, Ely 11'Of & Ptn Vac 1st St, 2006/07 V
  • List Date:
  • 2019-07-17
  • Terms:
  • Conventional
  • Property Taxes:
  • $36,758
  • Garage Capacity:
  • 55
  • Parking Description:
  • Attached, Paved
  • Heating Description:
  • Wall Furnace
  • Heating Fuel:
  • Electricity
  • Sewage Type:
  • Public Sewer
  • Utilities Included:
  • Cable Tv, Electricity, Trash Collection, Sewer, Water, Landscaping
  • Water Heater:
  • Gas
  • Water Amenities:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Joseph Bernard LLC
  • All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 9/17/2019 4:24 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. ORREG