166 NE 8TH ST, Newport, OR 97365
- $1,250,000
- $1,400,000
Overview
- 1976
- MultiFamily
- 797693868
- 0.19 Acres
- RE/MAX Integrity
- Delene Myers
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.
Details
Updated on March 13, 2026 at 11:50 pm-
MLS# 797693868
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Price $1,250,000
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Land Area 0.19 Acres
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Garage Size x x
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Year Built 1976
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Property Type MultiFamily
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Property Status Active
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Office Name RE/MAX Integrity
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Agent Name Delene Myers
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Office Phone 541-791-2000
Additional details
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Listing Terms Cash, Conventional
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Roof Composition
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Sewer Public Sewer
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Heating Zoned
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County Lincoln
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Property Type MultiFamily
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Parking Carport, Off Street
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Elementary School Yaquina View
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Middle School Newport
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High School Newport
Walkscore
Mortgage Calculator
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Down Payment
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Contact Information
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