Income-Producing Triplex with Seasonal Lake Views in Desirable Neotsu. Excellent investment opportunity in the peaceful lakeside community of Neotsu, just minutes from Lincoln City and the Oregon Coast. This well-maintained tri-plex offers three spacious units, each with 3 bedrooms, 2 bathrooms, and approximately 1,499 square feet of bright, open living space. Features include driftwood-style luxury vinyl plank flooring, attached oversized single garages, and private decks with seasonal views of Devil's Lake. Two units have strong long-term rental histories. The third unit has been fully remodeled and is currently rented as a mid-range furnished unit—furnishings are negotiable. Recent exterior improvements include fresh paint and stained decks, ensuring low maintenance for years to come. Neotsu is known for its warmer microclimate and easy access to outdoor recreation. Residents enjoy birdwatching, kayaking, fishing, and paddleboarding on Devil's Lake, along with hiking and picnicking at nearby Regatta Park. Just minutes away, Lincoln City offers beachcombing, tide pooling, surfing, and whale watching, plus shopping at the Lincoln City Outlets, dining, art galleries, golf, and the Chinook Winds Casino Resort. Whether you're seeking a full investment property or a chance to live in one unit while leasing the others, this triplex offers both income potential and lifestyle appeal in a high-demand coastal market. Please do not disturb tenants. Showings available only with an accepted offer. Seller-carried financing may be considered.
Active
$1,057,000
3979-3989 NE Johns Ave #&-3999, Neotsu, OR 97364
9beds
6baths
4,497sqft
Est.:
Triplex
Built in 1997
-- sqft lot
$1,012,500 Zestimate®
$235/sqft
$-- HOA
What's special
- 15 hours
- on Zillow |
- 63 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: 22 hours ago
Listed by:
Hannah Katz 541-418-3101,
Coldwell Banker Professional Group - Lincoln City
Source: OCMLS,MLS#: 25-1769

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
Appliances
- Included: Water Heater
Features
- Vaulted Ceiling(s)
- Flooring: Carpet, Tile
- Windows: Window Coverings
- Has fireplace: No
Interior area
- Total structure area: 4,497
- Total interior livable area: 4,497 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage, Open
- Has garage: Yes
- Uncovered spaces: 6
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Frontage type: None
Lot
- Size: 0.27 Acres
Details
- Additional structures: None
- Parcel number: 071102AC90000
- Zoning description: R-M Residential, Multifamily
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1997
Utilities & green energy
- Water: City
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Lakeside Heights
HOA
- Has HOA: No
Location
- Region: Neotsu
Financial & listing details
- Price per square foot: $235/sqft
- Annual tax amount: $9,826
- Date on market: 8/4/2025
- Road surface type: Paved
- Loading
- Loading