Forest Rim
Property • MultiFamily
Web ID # 416531359
$1,500,000.00
0 Beds • 0 Baths
Property Features
Regional Multiple Listing Service, Inc.
Rare opportunity to acquire a high-performing 4-unit coastal income property in a prime North Oregon Coast location near Fort Stevens and the Pacific Ocean. Newer construction offers the ideal combination of stable rental income, low maintenance and long-term appreciation potential. These townhouse-style units are larger than typical rentals, featuring private garages, patios, and higher-end finishes, all amenities that consistently attract quality, long-term tenants. As a result, vacancy is extremely low, with strong demand whenever a unit comes available. Built with durability and safety in mind, each unit includes a fire sprinkler system along with double six-inch separation walls extending to the roof, providing enhanced fire protection and peace of mind. A key advantage of this property is its future flexibility and multiple exit strategies. The units are constructed as townhomes, offering the potential to create four separate tax lots for individual resale. The location is exceptionally convenient—just minutes from Costco, Walmart, Home Depot, restaurants and 10–12 minutes to the beach. Warrenton is ideally positioned between Astoria’s vibrant arts, dining and brewery scene and the coastal communities of Gearhart and Seaside, known for golf, surfing and outdoor recreation. The area continues to attract residents, retirees and remote workers, supporting consistent rental demand and long-term growth. This is a rare opportunity to own a well-built, low-maintenance 4-plex in a highly desirable coastal market with strong tenant appeal and future upside potential!
From Hwy 101, go West on SE Ensign Ln. Right on SE Willow Dr. Left on SE Honeysuckle Loop.
Dwelling Type: MultiFamily
Subdivision: Forest Rim
Year Built: 2017, County: US
From Hwy 101, go West on SE Ensign Ln. Right on SE Willow Dr. Left on SE Honeysuckle Loop.
Listing is courtesy of Realty One Group Prestige
