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166 Ne 8th St, Newport, OR 97365

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For Sale

$1,600,000

0.19 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.2 acres
    Lot size

  • 41-50 Years Old
    Age

Explore this Property

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 6.5% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
MLS# 797693868

Courtesy Of ReMax Integrity

(541) 791-2000

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Lot Size
    0.19 Acres
  • View Type
    Territorial

Map and Directions

Directions to 166 Ne 8th St, Newport, OR 97365

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.