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About the Listing 367 - 11608,3317
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% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
Listing Highlights
Status
Active
Days on Site
39
Property Type
Multi-Family
MLS ®
834696
Year Built
1976
Total Square Footage
6,384
Lot/Acreage
0.19
Interior Details
- Bedrooms: 10
- Bathrooms: 10 Full
- Appliances: No, Electric, Refrigerator Included
- Air Cond:
- Heating: Zonal
- Fireplaces:
- Floor: Carpet,Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City
Exterior Details
- Garage Capacity: N/A
- Roof: Composition
- Others: Deck,Vinyl
- Sewer: City
Financial Details
- Tax Amount: $9,731
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
166 NE 8th St Newport, OR 97365
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