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(971) 600-3663
Real Estate Company
213 Ne 7th St, Newport, OR 97365
Listing Courtesy of Martek Real Estate.
- $1,950,000
- 11
- BA
- 15,944
- SqFt
- List Price
- $1,950,000
- Status
- ACTIVE
- Days on Market
- 151
- MLS#
- 26-1511
- Subtype
- Commercial Sale
- Year Built
- 1990
- Bathrooms
- 11
- Living Area
- 15,944
- Lot Size
- 4,791
- Acres
- 0.33
- Subdivision
- Phelps - Newport
Property Description
Established 10-unit multifamily investment property in the heart of Newport, designed for investors seeking scale, tenant appeal, and long-term income potential. Centrally located near shopping, services, employment centers, and the amenities that support year-round rental demand, this well-maintained property features nine 2-bedroom units and one 3-bedroom unit, offering a unit mix that appeals to a broad range of tenants. A standout feature is the inclusion of off-street garages for every unit—an amenity not commonly found in many multifamily properties and one that can contribute to tenant satisfaction and retention. Situated on a corner lot with public utilities and easy access throughout Newport, the property has been professionally maintained and offers a straightforward ownership opportunity for investors seeking an established asset rather than a major renovation project.
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Additional Information
- Taxes
- $17,224
- Zoning
- R-3 Residential
- Flooring
- Other
- Heating
- Electric
- Roof
- Composition
- Foundation
- Combination
- Parking Features
- Additional Parking, Attached Garage
- Garage Spaces
- 10