For Sale270d on market
1500-1600 NE Oar Ave
Lincoln City, OR, 97367 • 97367 • Lincoln County
$499,000
1 acLot
Property DNA
Raymond Townsite
97367
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
1 saves
Buyers have saved this home
270 days on market
Established listing
About this home
Lot
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.
Estimated monthly payment
Based on current rates
$3,169/month
Principal & Interest$2,504
Property Tax$499
Insurance$166
Down payment20% ($99,800)
3%50%
Est. 6.43% rate · 30yr fixed · $399,200 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeLand
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
FencingNone
Lot1.03 Acres
Location & Tax
Neighborhood97367
Annual tax$3,995
Parcel071110DA
Features & details
4 categories of property features
Exterior Features
Lot Features
Level
Sloped
Views
None
Utilities
Electricity Available
Natural Gas Available
Sewer Available
Water Available
Phone Available
Other Equipment
None
Listing insights
Market data and value estimates
StatusFor Sale
Days on market270
Tax rate0.84%
On marketJan 3, 2026
PostedJun 29, 2025
MLS statusActive
MLS updatedMar 12, 2026
Tour days6
Views14
Favorites1
How are the schools in Lincoln City?
3 schools rated nearby
Location
Lincoln City, OR, 97367
Price history
1 event
DateEventPrice$/sqftSource
Dec 16, 2025Listed For Sale$499,000—OCMLS
Listed For Sale$499,000
Dec 16, 2025•OCMLS
Nearby homes
Neighborhood details
Local context around this listing
Lincoln City, OR • Lincoln County
Nearby neighborhoods
Gleneden Beach
Nearby cities
Depoe BayLincoln CityNewportOtisSeal RockSiletzTidewaterToledo
Nearby zip codes
97364973679738097388
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