REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by DELENE MYERS • RE/MAX INTEGRITY ALBANY BRANCH • Direc: 541-974-3196
$ 1,600,000
Est. payment | /mo
10 Beds
10 Baths
6,384 SqFt
$ 1,600,000
Est. payment | /mo
10 Beds
10 Baths
6,384 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 6,384 sqft
Price per Sqft $250
Subdivision Phelps Addn
MLS Listing ID 834696
Bedrooms 10
Year Built 1976
Annual Tax Amount $9,731
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Multi- (5+)
Property Description
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 one-bedroom, one-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 six covered carports plus 5 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.
Location
State OR
County Lincoln
Area Os Outside 4 County Area
Rooms
Dining Room Area (Combination)
Interior
Heating Zonal
Flooring Carpet, Laminate, Vinyl
Laundry Laundry Center
Exterior
View Territorial
Roof Type Composition
Building
Foundation Continuous
Sewer City
Water City
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
GET MORE INFORMATION
Shannon Knapp
Agent | License ID: 201232190