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About This Home
This 8-bedroom, 7-bathroom residential multi family at 259 S PACIFIC St in RockawayBeach, OR is listed for $1,850,000. Built in 1945, on a 0.55 acres lot.
A stone's throw away from the beach, this rare oceanfront gem in the peaceful coastal town of Rockaway Beach offers the perfect opportunity for both an investment opportunity and a family retreat. At the heart of the property is a large single family home with 3 bedrooms and 3 baths on one level and an attached ADU with a transferable short term rental license and an additional 3 bedrooms and 2 baths; ideal for multigenerational living.
Adjacent to the main home is a charming duplex, each side featuring its own private 1-bedroom, 1-bathroom layout. The property had major updates to bathrooms, systems and appliances in 2020, new 2025 roof on the duplex, and also added a stunning sunroom with 180 degree oceanfront views-a show-stopping space for guests or owners to relax and unwind.
An oversized garage adds incredible value, with ample room for a workshop, extra storage, or even the potential to convert into an additional rental unit. And with its commercial zoning, the property presents development possibilities-potentially accommodating 6 to 12 condominium units.
Whether you're seeking a high-performing short-term rental portfolio, a multi-family coastal escape, or a development-ready investment, 259 S Pacific St is a rare chance to own prime oceanfront real estate in one of Oregon's most laid-back beach communities. Don't miss this unique opportunity.
Key Features
- Built in 1945
- 0.55 acre lot
- 2 stories
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$9,894/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
259 S PACIFIC St
RockawayBeach, OR 97136
Property Details
Views
Heating
Cooling
Questions & Answers
This 8-bedroom, 7-bathroom residential multi family at 259 S PACIFIC St is listed at $1,850,000. The estimated monthly payment is $8,017 based on 20% down at 6.5% interest.
Key features include: Built in 1945, 0.55 acre lot, 2 stories, Waterfront.
This property is listed by Ryan Purdy and can be reached at 5034810147 or ryan@purdysproperties.com.