$1,100,000
Newport, OR 97365
MLS# LC-102045
Status: Closed
13 beds | 7 baths | 7560 sqft
1 / 65
Property Description
A prime investment opportunity featuring six fully occupied units. Five of the units offer 2 bedrooms and 1 bathroom each, while the sixth unit offers 3 bedrooms, 2 bathrooms, and washer and dryer hookups. The property includes a common area coin-operated laundry for the convenience of the five smaller units. The exterior of the complex is enhanced with durable Hardi-Plank siding. Recent upgrades include the replacement of the garage roofs in 2023, as well as a complete repainting of the entire complex the same year. The main roof for the units was replaced approximately 5-7 years ago, ensuring long-term durability. For parking, the property provides eight single-stall car garages and an additional ninth oversized garage stall. Inside, the units feature a mix of carpet and linoleum
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2025-03-28
Purchase Contract Date: 2024-11-18
Close Date: 2025-03-28
Close Price: 1100000
Contract
Permissible for Vacation Rental: Unknown
Current Price: $1,100,000
Status: Closed
Begin Date: 2024-08-06
Sold Price: $1,100,000
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
Living Area Source: Assessor
Main Floor Living: No
Bedrooms Total: 13
Bathrooms Total: 7
Living Area: 7560
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Expenses: 15546, Specially Assessed: No
Appliances
Water Heater: 1
Architectural Style
Traditional: 1
Building and Property Details
Exterior Color: Blue
Construction Materials
Concrete: 1
Flooring
Carpet: 1
Vinyl: 1
Other: 1
Foundation Details
Concrete Perimeter: 1
Heating
Natural Gas: 1
Forced Air: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Parking Features
Attached Garage: 1
Possession
Subject To Tenant Rights: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Heater
Gas: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 76523
Unit Five
Unit Number: E
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1000
Unit Four
Unit Number: D
Beds Total: 3
Baths Total: 2
Furnished: Unfurnished
Actual Rent: 1610
Unit One
Unit Number: A
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1000
Unit Six
Unit Number: F
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1350
Unit Three
Unit Number: C
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1200
Unit Two
Unit Number: B
Beds Total: 2
Baths Total: 1
Furnished: Unfurnished
Actual Rent: 1350
Additional Tax and Location Information
Highway 101: East Side
Neighborhood Code: NEM5
Property Tax ID #: R198837
Subdivision Block: 23
Subdivision Parcel/Lot: 9
Tax District: 115
Showing Requirements
Appointment Only: 1
Historical Details
Historical MLS Number: 24-1877
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 637
Street Direction Prefix: SW
Street Name: 9th
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to SW Abbey. Left on SW 9th to property.
Cross Street: Abbey St
Parcel Number: 111108CA-14600-00
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 8539.1
Tax Year: 2024
Zoning: R-4 Residential
Tax Lot: 14600
Tax Map Number: 111108CA
AssociationCommunity
Number of Units: 6
Parking Information
Garage YN: 1
Garage Spaces: 7
Parking Total: 9
Building
Year Built: 1992
Lot
Lot Size Acres: 0.29
Lot Size Square Feet: 12632.4
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Water Heater
Architectural Style: Traditional
Construction Materials: Concrete
Flooring: Carpet; Vinyl; Other
Foundation Details: Concrete Perimeter
Heating: Natural Gas; Forced Air
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Parking Features: Attached Garage
Possession: Subject To Tenant Rights
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Heater: Gas
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Supplements
flooring, with some units upgraded to luxury-vinyl plank flooring.
Please note, no showings will be scheduled prior to an accepted offer. This fully occupied property is a turnkey investment ready for new ownership.
Plat Map - Public Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.