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Listing provided courtesy of Windermere Heritage- MLS# 351146141MLS Provider

3096 HIGHWAY 101 NGearhart, OR 97138

Multi-Family · 6,872 Sq. ft. | 0.43 Acres
$1,500,000 Coming Soon/No Showing

3096 HIGHWAY 101 N Overview

Time on Site:
3 days
Visits:
0

Coming soon to the market, this exceptional multi-family investment property in desirable Gearhart. Thoughtfully designed, built in 2019 with quality craftsmanship, durability and low maintenance in mind making it an attractive addition to any investment portfolio. Four spacious 1,718 sq ft units with 3 bedrooms, 2-1/2 bathrooms each. Every unit has an appealing modern aesthetic with 9ft ceilings bringing in lots of natural light and use of materials such as quartz countertops in the kitchen and bathrooms, stainless steel appliances and engineered hardwood flooring. The kitchen offers a walk-in pantry as well as an island with extra seating space for 3-4. The layout of each unit makes the most of its usable space with an open first floor, efficient design and all bedrooms and two full bathrooms on the second story. Primary bedroom has an en suite bathroom with a walk-in shower and dual sinks. Each townhome-style unit has a private driveway, a one car garage and stackable washer/dryer. Additional parking spaces available on site. Each unit opens to a private fenced-in patio and backyard. This turnkey investment property is ideally situated near north coast amenities. Convenient to the beach, restaurants, shopping and recreational activities. This is an investment property that offers strong upside potential in an area that has experienced high demand for rental properties with hundreds of applications for available units. Strong rental history with documented tenant records available. Great opportunity for a hands-on investor, owner/occupant, investment portfolio or 1031 exchange.

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3096 HIGHWAY 101 N Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,872
  • Price/Sq.ft. $218
  • Lot 0.43 Acres

Details

General

School Information

  • Elementary School: Pacific Ridge
  • Middle Or Junior School: Seaside
  • High School: Seaside

Income/Expenses

  • Gross Income: 86400.0
  • Net Operating Income: 68622.0
  • Operating Expense: 17778.0

Building Information

  • Year Built: 2019

Location/Region

  • Country: US
  • County Or Parish: Clatsop
  • MLS Area Major: 183 - Clatsop Co: Gearhart East

Community/Development

  • Community Features: All Landscaping

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 7577.05
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 9654
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: R2

Interior

Parking Information

  • Garage Spaces: 4.0

Building Interior

  • Building Area Total: 6872.0

General Information

  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air
  • Security Features: Fire Sprinkler System
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Attached,Off Street
  • Parking Total: 8.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.43
  • Lot Size Square Feet: 18730.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Septic Tank

3096 HIGHWAY 101 N Neighborhood

Community

97138 (Seaside) Demographics

47
Median Age
84
Population Density (per sq. mile)
34%
College Educated
$47,575
Estimated Median Income
2,454
Estimated Total Home Owners
2,246
Estimated Total Renters
52% / 48%
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.

3096 HIGHWAY 101 N Monthly Cost

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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.

3096 HIGHWAY 101 N Market Data

Based on the last 30 days in this zip code

$803,070
Average List Price
$392
Average Price per Square Foot
20
Properties Sold
99
Average Days on Market
220
Properties for Sale
Calculations provided by Reliance Network

3096 HIGHWAY 101 N History

Date Event Value Agent
6/26/2026Source: Regional MLS Added to Database
June 26, 2026