$830,000
Newport, OR 97365
MLS# LC-104653
Status: Closed
3 beds | 6 baths | 5623 sqft
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Property Description
Excellent Investment opportunity in Newport, Oregon. Currently being offered with an 8.5 percent cap rate which is very rare to be found on the Oregon Coast. Rents total over 106,000 annually. RMV - 1,043,000. In 2017/2018, seller replaced all siding, roof, windows, electrical, plumbing, gas lines and much more! Building consists of three apartments upstairs and three commercial spaces on the main level. All apartments are like new with hardwood floors, quartz countertops, SS appliances, OCEAN VIEWS and laundry hookups in each unit. Downstairs carries the same vibe with a modern flare. The largest commercial space has a new kitchen. Tankless hot water heaters service the entire building & ductless heat systems for heating/cooling. Seller is a licensed Real Estate Broker in Oregon.
Details
Maps
Status Change Information
Status Change Timestamp: 2025-12-30
Price Change Timestamp: 2025-09-02T04:21:39Z
Purchase Contract Date: 2025-10-16
Close Date: 2025-12-30
Close Price: 830000
Contract
Permissible for Vacation Rental: No
Current Price: $830,000
Status: Closed
Begin Date: 2025-08-18
Sold Price: $830,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax & Legal
CC&R's: No
Association/Community
Senior Community YN: No
Interior
Basement YN: No
Fireplace YN: Yes
Living Area Source: Assessor
Main Floor Living: No
Bedrooms Total: 3
Bathrooms Total: 6
Bathrooms Full: 3
Bathrooms Half: 3
Above Grade Finished Area: 2300
Living Area: 5623
Building
Year Built Details: & 1946
Accessibility Features YN: Yes
Year Built: 1928
Lot
View YN: Yes
Water Body Access YN: No
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Waterfront YN: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Specially Assessed: No, Alarm system included
Appliances
Dryer: 1
Electric Oven: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Water Heater: 1
Architectural Style
Contemporary: 1
Building and Property Details
Washer/Dryer Type: Electric
Construction Materials
Concrete: 1
Cooling
Ductless: 1
Heat Pump: 1
Fireplace Features
Electric: 1
Flooring
Vinyl: 1
Wood: 1
Foundation Details
Slab: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Other Structures
None: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Other: 1
Security Features
Security System: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Body Type
Ocean: 1
Water Heater
Gas: 1
Water Source
Public: 1
Unit Five
Unit Number: 940-2
Beds Total: 1
Baths Total: 1
Furnished: Unfurnished
Unit Description: Soon to be 1250.00
Actual Rent: 1000
Unit Four
Unit Number: 940-1
Beds Total: 1
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1450
Unit One
Unit Number: 1107A
Baths Total: 1
Furnished: Unfurnished
Unit Description: New Equity Plus Spac
Actual Rent: 1450
Unit Six
Unit Number: 940-3
Beds Total: 1
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1450
Unit Three
Unit Number: 1125
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 995
Unit Two
Unit Number: 1107B
Baths Total: 1
Furnished: Unfurnished
Unit Description: New Tattoo Space
Actual Rent: 2500
Additional Tax and Location Information
Highway 101: East Side
Neighborhood Code: N415
Property Tax ID #: R198814
Tax District: 115
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Historical Details
Historical MLS Number: 25-1869
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 1107
Street Direction Prefix: SW
Street Name: Coast
Street Suffix: Highway
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to Address, just north of the Yaquina Bay Bridge on the east side of the Highway.
Parcel Number: 111108CC-6300-00
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 9363
Tax Year: 2024
Zoning: C-1 Commercial
Tax Lot: 6300
Tax Map Number: 111108CC
AssociationCommunity
Number of Units: 6
Parking Information
Parking Total: 22
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer; Water Heater
Architectural Style: Contemporary
Construction Materials: Concrete
Cooling: Ductless; Heat Pump
Fireplace Features: Electric
Flooring: Vinyl; Wood
Foundation Details: Slab
Levels: Two
Listing Terms: 1031 Exchange; Cash
Other Structures: None
Possession: Subject To Tenant Rights
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Other
Security Features: Security System
Sewer: Public Sewer
Water Body Type: Ocean
Water Heater: Gas
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only
Listing Office: Equity Plus Real Estate
Office Email: brodie@oceanequity.com
Last Updated: December - 30 - 2025
Information deemed reliable but not guaranteed.