Otis OR Multi Family for Sale
$2,500,000
6029 Salmon River Otis, OR 97368
ADDITIONAL INFORMATION
Tremendous investment opportunity in this 41 unit RV park with multiple campsites on 7+ acres on the Salmon River. The RV sites are consistently rented with very little vacancy (less than 1% in the last 5 years). 2024 CAP is 7.34. 2025 CAP should be 7.95 There is an onsite laundry and restroom. Less than 15 minutes north of Lincoln City.
Otis Real Estate
The median home value in Otis, OR is $159,000. This is lower than the county median home value of $446,400. The national median home value is $338,100. The average price of homes sold in Otis, OR is $159,000. Approximately 57.82% of Otis homes are owned, compared to 14.06% rented, while 28.12% are vacant. Otis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Otis real estate agent to arrange a tour today!
Otis 97368 is less family-centric than the surrounding county with 16.78% of the households containing married families with children. The county average for households married with children is 18.44%.
Otis Weather