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220 NW Spring St, Waldport, OR, 97394

3beds
5baths
3,116sqft
$895,000
$287price/sqft
$5,619/moest. monthly cost
$224,760/yrincome needed

About This Home

Residential & Commercial with Expansion Potential. Exceptional investment opportunity! This well-maintained apartment building features: 3 residential units with great natural light and rental history; 2 commercial office spaces perfect for small businesses or remote professionals; Laundry room for tenant convenience; Garage for storage or workshop use. Zoned for expansion - add up to 4 more residential units Ideal for investors seeking stable income and future growth, or owner-occupants looking to live and work in one dynamic space. Within the city limits of Waldport. Don't miss this rare opportunity to own a versatile property in a high Prime Location. Close to beach & shopping. Please do not disturb tenants. Listing Agent is one of the owners

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

7/10
Crestview Heights SchoolGrades K-61.6 mi
2/10
Waldport Middle SchoolGrades 7-81.5 mi
5/10
Waldport High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 2003

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Shake Siding,Cedar,Shingle Siding

Notable Dates

  • Major remodel year: 2003

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Dryer,Electric Oven,Electric Range,Microwave,Refrigerator,Washer,Water Heater
  • Laundry features: Common Area,Electric Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Features

  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Other,Vinyl
  • Finished area below ground: 1,558
  • Finished area above ground: 1,558

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 3,116
  • Total interior livable area: 3,116 sqft

Property

Details

  • Parcel number: 131119AC1700
  • Zoning description: D-D Downtown District (Waldport)
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Fencing: Chain Link,Privacy
  • Has view: Yes
  • View description: Ocean
  • Has water view: Yes
  • Water view: Ocean

Lot

  • Lot size: 10,018 sqft
  • Features: Level
  • Lot size dimensions: 100 x 100

Parking

  • Total spaces: 14
  • Parking features: Additional Parking,Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Landslide
    LandslideModerate
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Coastal Flooding
Ice Storm
Landslide
Tsunami

FEMA Declared Disasters in Lincoln County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,525$54,300
Home Insurance *$253$3,036
Property Taxes $559$6,708
Electricity $282$3,393
Total$5,619$67,428
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$192,651/yr
40% on housing$168,570/yr
45% on housing$149,840/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.6%
-0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$287This listing

vs Other Active Listings

Avg $/sqft

ZIP 97394$255
Lincoln County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 97394$303
Lincoln County$331

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-16Listed for sale$895,000
2024-06-15Listing removed--
2024-05-30Listed for rent$950

For Sale by Agent

AgentPam Mugleston
BrokerageEmerald Coast Realty - Seal Rock

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