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$1,435,000

4 Beds 4 Baths 0 SQFT 0.32 Acres
Type: Multi-Family

3445 NE 40TH CT
Neotsu, OR 97364

MLS#: 782296854
Amelia Sargent
Amelia Sargent
Premiere Property Group
Broker
Phone: 310.601.6747
Office: 971.979.1647
Presented by: Kiwanda Coastal Properties -

Property Description

 

Rare, universally designed, lakefront, income property embracing the timeless beauty of the Oregon Coast. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.


 

Interior Features

Bedrooms

Unit 1 Beds Total1
Unit 2 Beds Total2
Unit 3 Beds Total1
Unit 4 Beds Total0

Bathrooms

Unit 1 Baths Total1
Unit 2 Baths Total1
Unit 3 Baths Total1
Unit 4 Baths Total1

Other Interior Features

UnitType1ActualRent2300
UnitType1UnitsTotal1
UnitType2ActualRent2000
UnitType2UnitsTotal1
UnitType3ActualRent1695
UnitType3UnitsTotal1
UnitType4ActualRent1095
UnitType4UnitsTotal1
FuelDescriptionElectricity, Gas
Hot WaterGas
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4

General

Accessory Dwelling Unit Y/NN
Body of WaterDevils Lake
CityNeotsu
Community FeaturesCommons, FrontYardLandscaping, Laundry
CountyLincoln
DirectionsFrom US 101 head E on NE Neotsu Dr. 1st R on NE Johns Ave. Follow around the corner & R on NE 40th C
DisclosuresDisclosure
Elementary SchoolOceanlake
Garage Spaces3.0
Gross Income85080.0
HOANo
HeatingOther, WallHeater
High SchoolTaft
Legal DescriptionPROPERTY ID R505896 LAKESIDE HEIGHTS, LOT 5, DOC201605863
Listing TermsCash, Conventional
Lot Size Square Feet13,939 sqft
MLS Area_200
Middle/Junior High SchoolTaft
Net Operating Income68225.0
Number Of Units Total4
Operating Expense16855.0
Parcel Number0
Property ConditionExisting
Property TypeMultiFamily
Rent IncludesMaintenanceGrounds, Sewer, Water
RoofComposition
Security FeaturesHandicapAccess
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount$13,855
Tax Year2025
ViewDescriptionLake
Virtual TourClick here
Waterfront FeaturesLake
Year Built2004
ZoningR_M

Exterior

Exterior DescriptionCedar, ShakeSiding
Foundation DetailsConcretePerimeter
Lot FeaturesCul_de_sac
Lot Size Acres0.32
Parking FeaturesDriveway, Garage
Road Surface TypePaved
Total Parking3.0
Water SourcePublicWater

Additional Details

Price History

Schools 

Elementary School Oceanlake Elementary School
Middle School Taft Middle School
High School Taft High School

  

Similar Properties

$1,435,000

4 Beds 4 Baths 0 SQFT 0.32 Acres
Type: Multi-Family

3445 NE 40TH CT
Neotsu, OR 97364

MLS#: 782296854
Amelia Sargent
Amelia Sargent
Premiere Property Group
Broker
Phone: 310.601.6747
Office: 971.979.1647