166 NE 8th, Newport, OR 97365

Newport
Local realty services provided by:Knipe Realty ERA Powered
166 NE 8th,Newport, OR 97365
$1,250,000
  • 10 Beds
  • 10 Baths
  • 6,384 sq. ft.
  • Multi-family
  • Active
Listed by: delene myers, brian bemis
Office: re/max integrity, depoe bay
MLS#:LC-105076
Source:OR_LCBR

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$195.8

About this home

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 ample additional parking, 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, helping maintain consistent occupancy and tenant satisfaction. With a 6% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.

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Home facts

  • Year built:1976
  • Listing ID #:LC-105076
  • Added:108 day(s) ago
  • Updated:April 03, 2026 at 07:36 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Full bathrooms:10
  • Flooring:Carpet, Vinyl
  • Kitchen Description:Electric Range
  • Basement Description:Concrete Perimeter
  • Living area:6,384 sq. ft.

Heating and cooling

  • Heating:Electric, Zoned

Structure and exterior

  • Year built:1976
  • Building area:6,384 sq. ft.
  • Lot area:0.19 Acres
  • Architectural Style:Traditional
  • Construction Materials:Vinyl Siding
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$195.8
  • Tax amount:$9,731 (2024)

Features and amenities

  • Appliances:Electric Oven, Electric Range

Parking

  • Total parking spaces:6
  • Garage:Yes
  • Garage spaces:6

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