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166 NE 8th St, Newport, OR 97365

Local realty services provided by:CENTURY 21 Agate Realty
166 NE 8th St,Newport, OR 97365
$1,400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: delene myers, brian bemis
Office: re/max integrity
MLS#:797693868
Source:PORTLAND

Price summary

  • Price:$1,400,000

About this home

Exceptional Investment Opportunity – 10-Unit Complex in the Heart of Newport!Discover a rare opportunity to own a well-maintained 10-unit apartment complex ideally situated in the heart of Newport. Each 1-bedroom, 1-bathroom unit features a refrigerator, electric range/stove, and private back deck—perfect for tenants seeking comfort and convenience near coastal amenities. The property offers 6 covered carports plus 4 additional parking spaces, along with an on-site laundry facility for tenant ease. Property includes 3 storage spaces: the biggest one is 17'x28'; 2nd is 8'x12', and the 3rd is 8'x9'. Just a few blocks from Nye Beach. Rent includes water and garbage services, a 6% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.

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Home facts

  • Year built:1976
  • Listing ID #:797693868
  • Added:74 day(s) ago
  • Updated:January 28, 2026 at 12:18 PM

Heating and cooling

  • Heating:Zoned

Structure and exterior

  • Roof:Composition
  • Year built:1976
  • Lot area:0.19 Acres

Schools

  • High school:Newport
  • Middle school:Newport
  • Elementary school:Yaquina View

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,400,000
  • Tax amount:$9,938 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than CENTURY 21 Agate Realty are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: January 28, 2026

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