Listing provided courtesy of Kiwanda Coastal Properties- MLS# 782296854MLS Provider

3445 NE 40TH CTNeotsu, OR 97364

Multi-Family · 0.32 Acres
$1,450,000 Active

3445 NE 40TH CT Overview

Time on Site:
36 days
Visits:
0

Rare, universally designed, lakefront, income property embracing the timeless beauty of the Oregon Coast. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming ' whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

3445 NE 40TH CT Facts & Features

  • Type Multi-Family
  • Lot 0.32 Acres

Details

General

School Information

  • Elementary School: Oceanlake
  • Middle Or Junior School: Taft
  • High School: Taft

Income/Expenses

  • Gross Income: 85080.0
  • Net Operating Income: 68225.0
  • Operating Expense: 16855.0

Building Information

  • Year Built: 2004

Location/Region

  • Country: US
  • County Or Parish: Lincoln
  • MLS Area Major: 200 - Lincoln County

Community/Development

  • Community Features: Commons,Front Yard Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Sewer,Water

Tax Information

  • Tax Annual Amount: 13855.41
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R505896
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: R_M

Interior

Parking Information

  • Garage Spaces: 3.0

General Information

  • Foundation Details: Concrete Perimeter
  • Heating: Other,Wall Heater
  • Security Features: Handicap Access
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Driveway,Garage
  • Parking Total: 3.0

Lot Information

  • Lot Features: Cul-de-sac
  • Lot Size Acres: 0.32
  • Lot Size Square Feet: 13939.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Waterfront/View

  • Water Body Name: Devil??????????????????s Lake
  • Waterfront Features: Lake

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

3445 NE 40TH CT Neighborhood

Community

97364 (NEOTSU) Demographics

62
Median Age
1,614
Population Density (per sq. mile)
73%
College Educated
$87,613
Estimated Median Income
206
Estimated Total Home Owners
71
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3445 NE 40TH CT Market Data

Based on the last 30 days in this zip code

$651,943
Average List Price
$342
Average Price per Square Foot
2
Properties Sold
136
Average Days on Market
23
Properties for Sale
Calculations provided by Reliance Network

3445 NE 40TH CT History

Date Event Value Agent
5/24/2026Source: Regional MLS Added to Database
May 24, 2026