Presented by: Keller Williams Sunset Corridor - catherine@orcoastrealty.com
Property Description
Nestled in the heart of Rockaway Beach, Oregon, The Blue Octopus is a thriving boutique 6 unit hotel offering a collection of charming, retro-inspired cottages just off the beach. With ocean views and beach access right outside your door, this profitable property presents an incredible investment opportunity. Bright, clean, and cozy, each unit provides a comfortable retreat with unique decor that keeps guests returning time and again. Experience the perfect blend of comfort, charm, and coastal beauty at The Blue Octopus—your home away from home in Rockaway Beach and a lucrative business venture.
Interior Features
Bedrooms
Unit 1 Beds Total2
Unit 2 Beds Total1
Unit 3 Beds Total0
Unit 4 Beds Total2
Bathrooms
Unit 1 Baths Total1
Unit 2 Baths Total1
Unit 3 Baths Total1
Unit 4 Baths Total1
Other Interior Features
UnitType1ActualRent0
UnitType1FeaturesDeck, Furnished, Range, Refrigerator
UnitType1UnitsTotal1
UnitType2ActualRent0
UnitType2FeaturesFurnished, Microwave, Range, Refrigerator
UnitType2UnitsTotal2
UnitType3ActualRent0
UnitType3FeaturesFurnished, Range, Refrigerator
UnitType3UnitsTotal2
UnitType4ActualRent0
UnitType4UnitsTotal1
FuelDescriptionElectricity
BasementCrawlSpace
Hot WaterElectricity
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
General
Accessory Dwelling Unit Y/NN
AttributionContactcatherine@orcoastrealty.com
CityRockawayBeach
CoolingWallUnit
CountyTillamook
DirectionsHWY 101 - WEST ON 6TH PROPERTY ON RIGHT
Elementary SchoolGaribaldi
Gross Income257000.0
HOANo
HeatingWallFurnace
High SchoolNeah-Kah-Nie
Legal DescriptionSUBD NAME: TILLAMOOK BEACH BLK NO: 24 LOT NO: 15; 16
Listing TermsCash, Conventional
Lot Size Square Feet5,227 sqft
MLS Area_195
Middle/Junior High SchoolNeah-Kah-Nie
Net Operating Income148302.0
Number Of Units Total6
Operating Expense109202.0
Parcel Number14,512
Property ConditionUpdatedRemodeled
Property TypeMultiFamily
Rent IncludesNone
RoofComposition
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount$3,841
Tax Year2025
ViewDescriptionCreekStream, Ocean
Year Built1922
ZoningRK-R-R
Exterior
Building Area Total3,205 sqft
Exterior DescriptionWoodSiding
Lot FeaturesOceanBeachOneQuarterMileOrLess
Lot Size Acres0.12
Parking FeaturesOnStreet
Road Surface TypeGravel, Paved
Water SourcePublicWater
Additional Details
Price History
Schools
Middle School
Neah-Kah-Nie Middle School
Elementary School
Garibaldi Elementary School
High School
Neah-Kah-Nie High School
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