$599,999
Newport, OR 97365
MLS# LC-89225
Status: Closed
8 beds | 4 baths | 4048 sqft
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Property Description
NEW ROOF to be completed this winter, weather permitting! Amazing investment opportunity on this great Four-plex in Newport. Ocean views from two of the units, beach access from all, all units are two bedrooms, one bathroom, are very spacious and have their own one car detached garage with an additional parking space. Great rental history, amazing location near restaurants, shops and the beautiful deco district of Newport. Don't miss out on this!
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2020-03-25
Purchase Contract Date: 2020-01-21
Close Date: 2020-03-25
Close Price: 599999
Tax & Legal
CC&R's: No
Interior
Basement YN: No
Main Floor Living: Yes
Bedrooms Total: 8
Bathrooms Total: 4
Living Area: 4048
Lot
Lot Size Dimensions: 50x100
View YN: Yes
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Utilities
Electricity Connected: 1
Natural Gas Available: 1
Remarks
Lincoln Public Historical Details: Water: City Property, Expenses: 7500
Appliances
Dishwasher: 1
Dryer: 1
Electric Oven: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Water Heater: 1
Architectural Style
Traditional: 1
Building and Property Details
Exterior Color: Green
Washer/Dryer Type: Electric
Construction Materials
Concrete: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Slab: 1
Heating
Electric: 1
Zoned: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Other Structures
None: 1
Parking Features
Detached Garage: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Body Type
Ocean: 1
Water Heater
Electric: 1
Income and Expenses
Gross Income: 46800
Gross Scheduled Income: 46460
Unit Four
Unit Number: D
Beds Total: 2
Baths Total: 1
Living Area: 1024
Furnished: Unfurnished
Parking Spaces: 2
Unit Description: Ocean view
Actual Rent: 1100
Unit One
Unit Number: A
Beds Total: 2
Baths Total: 1
Living Area: 1000
Furnished: Unfurnished
Parking Spaces: 2
Actual Rent: 800
Unit Three
Unit Number: C
Beds Total: 2
Baths Total: 1
Living Area: 1024
Furnished: Unfurnished
Parking Spaces: 2
Actual Rent: 900
Unit Two
Unit Number: B
Beds Total: 2
Baths Total: 1
Living Area: 1000
Furnished: Unfurnished
Parking Spaces: 2
Unit Description: Ocean view
Actual Rent: 1100
Additional Tax and Location Information
Highway 101: West Side
Neighborhood Code: NNNM
Property Tax ID #: R323978
Subdivision Block: 67
Subdivision Parcel/Lot: 5
Tax District: 104
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Historical Details
Historical MLS Number: 19-2360
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 568
Street Direction Prefix: SW
Street Name: 5th
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: S. Coast Hwy, west on SW Fall St, right on SW 5th St. to the address, property is on the left.
Cross Street: SW Fall St.
Parcel Number: 111108BC-4700-00
Contract
Current Price: $599,999
Status: Closed
Begin Date: 2019-09-09
Sold Price: $599,999
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 6533.6
Tax Year: 2018
Zoning: R-4 Residential
Tax Lot: 4700
Tax Map Number: 111108BC
AssociationCommunity
Number of Units: 4
Parking Information
Garage YN: 1
Garage Spaces: 4
Parking Total: 8
Building
Year Built: 1994
Property Features
Utilities: Electricity Connected; Natural Gas Available; Electricity Connected; Natural Gas Available
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Refrigerator; Washer; Water Heater
Architectural Style: Traditional
Construction Materials: Concrete
Flooring: Carpet; Vinyl
Foundation Details: Slab
Heating: Electric; Zoned
Levels: Two
Listing Terms: Cash; Conventional
Other Structures: None
Parking Features: Detached Garage
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Body Type: Ocean
Water Heater: Electric
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only
Plat Map Listing Office: Emerald Coast Realty - Newport
Office Email: emeraldcoast@casco.net
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.