166 Ne 8th St, Newport, Oregon 97365

OR, Newport
$1,250,000
  • 0.19 Acre
  • MultiFamily Property Type
  • 1976 Year Built
  • Active Status
Steven M
Steven M Realtyna
  • (302) 525 8222
  • (302) 525 8222
  • Support@Realtyna.com
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
  • (302) 525 8222
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% Cap Rate And A Strong History Of Full Occupancy, This Is A Proven Income-producing Property That Rarely Sees Turnover.

Basic Details
  • Property Type: MultiFamily
  • Listing Type: For Sale
  • Listing ID: 797693868
  • Price: $1,250,000
  • Year Built: 1976
  • Lot Area: 0.19 Acre
  • Status: Active
  • Office Name: RE/MAX Integrity
  • Agent Name: Delene Myers
  • Roof: Composition
Features
  • Heating System Zoned
  • Parking Carport,Off Street
  • Sewer Public Sewer
Address Map
  • Country US
  • State OR
  • County Lincoln
  • City Newport
  • Zipcode 97365
  • Street: 8TH
  • Street Number: 166
  • Street Suffix: ST
  • Longitude: W125° 56' 53.6''
  • Latitude: N44° 38' 29.8''
  • Street Dir Prefix: NE
  • Zoning: C1
  • Mls Area Major: _200
Neighborhood
  • Elementary School: Yaquina View
  • High School: Newport
  • Middle School: Newport
Additional Information
  • Water Source: Public Water
  • Number Of Units Total: 10
  • On Market Date: 2025-11-13
  • Previous Price: 1400000
  • Rent Includes: Maintenance Grounds, Trash Collection, Water
Financial
  • Tax Annual Amount: 9938.44
Listing Information
  • Co List Agent Full Name: Brian Bemis
  • Co List Agent Mls Id: BEMISBRI
  • Co List Office Mls Id: 5REI05
  • Co List Office Name: RE/MAX Integrity
  • List Agent Mls Id: MYERSDEL
  • List Office Mls Id: 5REI04
  • Listing Term: Cash, Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-02-27T02:10:41Z
  • Originating System Name: RMLS
7°C Newport
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