$1,132,000
Newport, OR 97365
MLS# LC-105076
Status: Closed
10 beds | 10 baths | 6384 sqft
1 / 28
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 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.
Details
Maps
Status Change Information
Status Change Timestamp: 2026-05-19
Price Change Timestamp: 2026-02-27T02:14:14Z
Purchase Contract Date: 2026-03-18
Close Date: 2026-05-18
Close Price: 1132000
Contract
Permissible for Vacation Rental: No
Current Price: $1,132,000
Status: Closed
Begin Date: 2025-10-21
Sold Price: $1,132,000
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
Main Floor Living: Yes
Bedrooms Total: 10
Bathrooms Total: 10
Bathrooms Full: 10
Above Grade Finished Area: 6384
Living Area: 6384
Building
Accessibility Features YN: No
Year Built: 1976
Lot
Water Body Access YN: No
Lot Size Acres: 0.19
Lot Size Square Feet: 8276.4
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Specially Assessed: No, Unit 7: Unit Number: 7,Beds: 1,Baths: 1,Rent: 1088,SQFT: 775, Unit 8: Unit Number: 8,Beds: 1,Baths: 1,Rent: 1126,SQFT: 775, Unit 9: Unit Number: 9,Beds: 1,Baths: 1,Rent: 1100,SQFT: 775, Unit 10: Unit Number: 10,Beds: 1,Baths: 1,Rent: 1250,SQFT: 775
Appliances
Electric Oven: 1
Electric Range: 1
Architectural Style
Traditional: 1
Building and Property Details
Exterior Color: grey
Construction Materials
Vinyl Siding: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Zoned: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Outdoor Living Spaces Features
Deck: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Unit Five
Unit Number: 5
Beds Total: 1
Baths Total: 1
Living Area: 775
Actual Rent: 1175
Unit Four
Unit Number: 4
Beds Total: 1
Baths Total: 1
Living Area: 775
Actual Rent: 1031
Unit One
Unit Number: 1
Beds Total: 1
Baths Total: 1
Living Area: 775
Actual Rent: 1150
Unit Six
Unit Number: 6
Beds Total: 1
Baths Total: 1
Living Area: 775
Actual Rent: 975
Unit Three
Unit Number: 3
Beds Total: 1
Baths Total: 1
Living Area: 775
Actual Rent: 1200
Unit Two
Unit Number: 2
Beds Total: 1
Baths Total: 1
Living Area: 775
Actual Rent: 1250
Additional Tax and Location Information
Highway 101: East Side
Neighborhood Code: N115
Property Tax ID #: R345161
Subdivision Block: 17
Subdivision Parcel/Lot: 8
Tax District: 115
Showing Requirements
Appointment Only: 1
Historical Details
Historical MLS Number: 25-2326
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 166
Street Direction Prefix: NE
Street Name: 8th
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to 8th
Parcel Number: 111105DC-3001-00
Tax Legal
Subdivision Name: Phelps - Newport
Tax Annual Amount: 9731.1
Tax Year: 2024
Zoning: C-1 Commercial
Tax Lot: 3001
Tax Map Number: 111105DC
AssociationCommunity
Number of Units: 10
Parking Information
Garage YN: 1
Garage Spaces: 6
Carport YN: 1
Parking Total: 6
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Electric Oven; Electric Range
Architectural Style: Traditional
Construction Materials: Vinyl Siding
Flooring: Carpet; Vinyl
Foundation Details: Concrete Perimeter
Heating: Electric; Zoned
Levels: Two
Listing Terms: Cash; Conventional
Outdoor Living Spaces Features: Deck
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only
Supplements
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.
Listing Office: RE/MAX Integrity, Depoe Bay
Office Email: leannej@integrityagents.com
Last Updated: May - 19 - 2026
Information deemed reliable but not guaranteed.