$839,000
Newport, OR 97365
MLS# LC-102205
Status: Closed
7 beds | 5 baths | 4078 sqft
1 / 66
Property Description
A 7-bedroom, 5-bath, four-unit property that offers a hilltop location in Newport. The property is located near the hospital and Bayfront. Currently, all units are fully leased out, providing rental income. The property has been well-maintained, including a new roof installed in 2023, featuring a composition roof on the main building and a membrane roof over the apartments. With 6 parking spaces, a dedicated garbage area, and a shared laundry room, it ensures both convenience and practicality for tenants. The units consist of a spacious 3-bedroom, 2-bath unit, a ground-floor 2-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a studio. Additionally, the sale includes a contiguous 5,000 square foot lot, offering excellent potential for future development or expansion.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2025-06-02
Purchase Contract Date: 2025-03-22
Close Date: 2025-06-02
Close Price: 839000
Contract
Permissible for Vacation Rental: Unknown
Current Price: $839,000
Status: Closed
Begin Date: 2024-09-14
Sold Price: $839,000
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: Yes
Main Floor Living: No
Bedrooms Total: 7
Bathrooms Total: 5
Living Area: 4078
Building
Year Built Details: Updated/Remodeled 90
Year Built: 1935
Lot
View YN: Yes
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Utilities
Electricity Connected: 1
Natural Gas Not Available: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Specially Assessed: No
Appliances
Dishwasher: 1
Electric Oven: 1
Electric Range: 1
Water Heater: 1
Architectural Style
Traditional: 1
Building and Property Details
Exterior Color: Light Grey
Construction Materials
Cedar: 1
Shake Siding: 1
Shingle Siding: 1
Flooring
Carpet: 1
Vinyl: 1
Other: 1
Foundation Details
Concrete Perimeter: 1
Slab: 1
Other: 1
Heating
Electric: 1
Baseboard: 1
Wall Furnace: 1
Levels
Multi/Split: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Outdoor Living Spaces Features
Covered Porch: 1
Deck: 1
Possession
Subject To Tenant Rights: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Membrane: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Body Type
Bay: 1
Ocean: 1
Water Heater
Electric: 1
Water Source
Public: 1
Window Features
Window Treatments: 1
Income and Expenses
Gross Income: 73800
Unit Four
Unit Number: D
Baths Total: 1
Living Area: 368
Furnished: Unfurnished
Parking Spaces: 1
Actual Rent: 1150
Unit One
Unit Number: A
Beds Total: 3
Baths Total: 2
Living Area: 1808
Furnished: Unfurnished
Parking Spaces: 1
Actual Rent: 1800
Unit Three
Unit Number: C
Beds Total: 2
Baths Total: 1
Living Area: 1024
Furnished: Unfurnished
Parking Spaces: 1
Actual Rent: 1600
Unit Two
Unit Number: B
Beds Total: 2
Baths Total: 1
Living Area: 878
Furnished: Unfurnished
Parking Spaces: 1
Actual Rent: 1600
Additional Tax and Location Information
Additional Tax ID #s: R47533 11-11-08CA TL 10000
Highway 101: East Side
Neighborhood Code: NENM
Property Tax ID #: R45139
Tax District: 104
Historical Details
Historical MLS Number: 24-2056
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 1127
Street Direction Prefix: SW
Street Name: Abbey
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: SW Coast Hwy, East on SW Abbey to top of hill. 1127 SW Abbey is on the left.
Parcel Number: 111108CA-9900-00
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 7653.89
Tax Year: 2024
Zoning: R-3 Residential
Tax Lot: 9900
Tax Map Number: 111108CA
AssociationCommunity
Number of Units: 4
Parking Information
Parking Total: 6
Property Features
Utilities: Electricity Connected; Natural Gas Not Available; Water Available; Electricity Connected; Natural Gas Not Available; Water Available
Appliances: Dishwasher; Electric Oven; Electric Range; Water Heater
Architectural Style: Traditional
Construction Materials: Cedar; Shake Siding; Shingle Siding
Flooring: Carpet; Vinyl; Other
Foundation Details: Concrete Perimeter; Slab; Other
Heating: Electric; Baseboard; Wall Furnace
Levels: Multi/Split
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Outdoor Living Spaces Features: Covered Porch; Deck
Possession: Subject To Tenant Rights
Road Surface Type: Paved
Roof: Composition; Membrane
Sewer: Public Sewer
Water Body Type: Bay; Ocean
Water Heater: Electric
Water Source: Public
Window Features: Window Treatments
Showing Considerations: Occupied
Supplements
Buyer to perform Due Diligence with the City of Newport.
Showings will only be scheduled with an accepted offer. Buyer to assume all tenants at close of escrow. Please note the property is listed below the RMV with county is 1,050,600 for both tax accounts.
Plat Map - Public Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 12 - 2025
Information deemed reliable but not guaranteed.