28
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Listed by RE/MAX Integrity
$1,600,000
Est. payment /mo
8,276 Sqft Lot
New
166 NE 8TH ST Newport, OR 97365
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 797693868
Year Built 1976
Annual Tax Amount $9,938
Tax Year 2025
Lot Size 8,276 Sqft
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 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.
Location
State OR
County Lincoln
Area _200
Zoning C1
Interior
Heating Zoned
Exterior
View Territorial
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Yaquina View
Middle Schools Newport
High Schools Newport
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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