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  • $2,200,000

    259 S Pacific St, Rockaway Beach, OR 97136

    8beds
    3,429sqft
    : 
    Multi Family
    Built in 1945
    -- sqft lot
    $-- Zestimate®
    $642/sqft
    $-- HOA

    What's special

    Charming duplexLarge single family homeStunning sunroomExpansive lotOversized garage
    A stone’s throw away from the beach, this rare oceanfront gem in the peaceful coastal town of Rockaway Beach offers the perfect opportunity for both investment opportunity and family retreat. Zoned for commercial use and selling fully furnished, the property is currently operating as a 5 year successful and transferable Airbnb with four income-generating units across one expansive lot. At the heart of the property is a large single family home with 6 bedrooms and 5 bathrooms that can serve as one grand coastal home or be divided into two separate units—ideal for multi-generational living or maximizing short-term rental income. Adjacent to the main home is a charming duplex, each side featuring its own private 1-bedroom, 1-bathroom layout. The property had major updates to bathrooms, systems and appliances in 2020, and also added a stunning sunroom with 180 degree oceanfront views—a show-stopping space for guests or owners to relax and unwind. An oversized garage adds incredible value, with ample room for a workshop, extra storage, or even the potential to convert into an additional rental unit. And with its commercial zoning, the property presents development possibilities—potentially accommodating 6 to 12 condominium units. Whether you're seeking a high-performing short-term rental portfolio, a multi-family coastal escape, or a development-ready investment, 259 S Pacific St is a rare chance to own prime oceanfront real estate in one of Oregon’s most laid-back beach communities. Don’t miss this unique opportunity
    91 days
    on Zillow
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    913
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    38
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    Zillow last checked: 7 hours ago

    Listing updated: 20 hours ago

    Listed by:

    Ryan Purdy ryan@purdysproperties.com,

    Real Broker

    Source: RMLS (OR),MLS#: 202794385MLS Logo
    Travel times

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    Next available tour time:Today at 12pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Baseboard, Forced Air
    Cooling
    • Air Conditioning Ready, Central Air, Air Conditioning
    Appliances
    • Included: Washer/Dryer, Range, Refrigerator, Electric Water Heater
    Features
    • Windows: Window Coverings
    Interior area
    • Total structure area: 3,429
    • Total interior livable area: 3,429 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Ocean Front
    • Body of water: Pacific Ocean
    Lot
    • Size: 0.55 Acres
    • Features: Brush, Ocean Beach One Quarter Mile Or Less, SqFt 20000 to Acres1
    Details
    • Parcel number: 49398
    • Zoning: C1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cement Siding, Vinyl Siding
    • Roof: Composition,Flat
    Condition
    • Existing
    • Year built: 1945

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Rockaway Beach

    Financial & listing details

    • Price per square foot: $642/sqft
    • Tax assessed value: $1,722,530
    • Annual tax amount: $8,648
    • Date on market: 5/13/2025
    • Listing terms: Cash,Conventional
    • Total actual rent: 11300
    • Road surface type: Gravel
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