MLS# 223784817 – 105 S 6th Ave, Rockaway Beach, OR 97136 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Sunset Corridor.

Property Description

Description

6 Units

Status: Active

Year Built: 1922

Days on Website: 4

Nestled in the heart of Rockaway Beach, Oregon, The Blue Octopus is a thriving boutique hotel offering a collection of charming, retro-inspired cottages just off the beach. With ocean views and beach access right outside your door, this profitable property presents an incredible investment opportunity. Bright, clean, and cozy, each unit provides a comfortable retreat with unique decor that keeps guests returning time and again. Experience the perfect blend of comfort, charm, and coastal beauty at The Blue Octopus—your home away from home in Rockaway Beach and a lucrative business venture.

Property Details and Features

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

CrawlSpace

Building

Built in 1922

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense:

$109,202

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

7.81

Gross Income:

$257,000

Gross Rent Multiplier:

7.39

Net Operating Income:

$148,302

Listing

Contract Status Change Date:

2025-01-23

Days On Market:

Last Transaction Date:

2025-01-23 12:36:34

List Price:

$1,900,000

Listing Contract Date:

2025-01-23

Listing Id:

223784817

Mls Status:

Active

Modification Timestamp:

2025-01-27 02:00:22

On Market Date:

2025-01-23

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_195

County Or Parish:

Tillamook

Lot

Features:

OceanBeachOneQuarterMileOrLess

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

ProfitLossStatement

Parking

Features:

OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

RK-R-R

Roof

Roof:

Composition

Schools

High School:

Neah-Kah-Nie

Middle Or Junior School:

Neah-Kah-Nie

Elementary School:

Garibaldi

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,536

Legal Description

Tax Year:

2024

Unit One

Area:

988

Features:

Deck,Furnished,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Area:

360

Features:

Furnished,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Area:

350

Features:

Furnished,Range,Refrigerator

Units Total:

1 total bathroom

Unit Four

Area:

704

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$1,900,000 - Br/0Ba - for Sale in Rockaway Beach

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,900,000 -

105 S 6th Ave Rockaway Beach , OR 97136

MLS Area Major: _195

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on January 26, 2025 11:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.