Excellent investment opportunity in the heart of Depoe Bay. Extensively renovated by current owners and excellent rental history. This is an ocean view duplex that comes with an expansive lot for all kinds of additional potential. Each side is 2 bed 1 bath with their own laundry. The southern unit has an additional sleeping loft and is currently vacant/easy to show. Other unit will be vacant 11-1. Projected rent $1650+ a side. Ideal location with direct access to the boat harbor and a few blocks to shops and restaurants of Depoe Bay. The neighborhood has its own whale lookout you can stroll to! Depoe Bay is the whale watching capital of the Oregon Coast but it's also strategically located in between two great towns of Lincoln City and Newport. Off the highway and one row back from the ocean so the sound of the waves will lull you to sleep. The city previously approved the addition of a 3rd unit. Large lot with split yards and storage shed in back.
Sold
$450,000
462 SW Coast Ave, Depoe Bay, OR 97341
4beds
1,066sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$422/sqft
$1,735 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,735/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 07, 2025 at 11:57am
Listed by:
Josh Reed 206-708-4738,
Cascade Hasson Sotheby's International Realty
Bought with:
Josh Reed, 201227289
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 402317523
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Zoned
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Range, Washer/Dryer, Gas Water Heater
Features
- Storage
- Basement: Crawl Space
Interior area
- Total structure area: 1,066
- Total interior livable area: 1,066 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 8,712 sqft
- Features: Cleared, Level, Ocean Beach One Quarter Mile Or Less, SqFt 7000 to 9999
Details
- Parcel number: R342550
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Lap Siding, Shingle Siding, T111 Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1940
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & neighborhood
Location
- Region: Depoe Bay
HOA & financial
Other financial information
- Total actual rent: 3100
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $450,000-3%$422/sqft |
Source:  RMLS (OR) #402317523 | ||
| 10/26/2025 | Pending sale | $464,000$435/sqft |
Source: RMLS (OR) #402317523 | ||
| 10/17/2025 | Price change | $464,000-4.3%$435/sqft |
Source: RMLS (OR) #402317523 | ||
| 9/25/2025 | Price change | $485,000-2.8%$455/sqft |
Source: RMLS (OR) #402317523 | ||
| 9/1/2025 | Listed for sale | $499,000+155.9%$468/sqft |
Source: RMLS (OR) #402317523 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | $1,837 | $141,500 +3% |
| 2017 | $1,837 +5.2% | $137,380 +3% |
| 2016 | $1,746 | $133,380 +3% |
Find assessor info on the county website
Neighborhood: 97341
Nearby schools
GreatSchools rating
- 6/10Taft Elementary SchoolGrades: 3-6Distance: 9.2 mi
- 1/10Siletz Valley SchoolGrades: K-12Distance: 9 mi
- 3/10Taft High SchoolGrades: 9-12Distance: 9.4 mi
Schools provided by the listing agent
- Elementary: Sam Case
- Middle: Taft
- High: Taft
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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