166 NE 8TH ST Newport, OR 97365

ADDRESS:: 166 NE 8TH ST Newport, OR 97365
Price:: $1,600,000
Units:: 10
Acres:: 0.19
Unit 1:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 2:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 3:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 4:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 5:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 6:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 7:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 8:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 9:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
Unit 10:: 1 Bed 1.0 Bath $1,200/mo
Features: Dishwasher, Range, Refrigerator
MLS#:: 797693868
Lot Size:: 7,000 to 9,999 SqFt
Type:: Multi
Zone:: C1
Yr Built:: 1976
Taxe/yr:: $9,938.44
County:: Lincoln
Status:: Active
Heat:: Zoned
View:: Territorial
Elem:: Yaquina View
Middle:: Newport
High:: Newport
Area:: Lincoln County
Courtesy of:: RE/MAX Integrity
Remarks:: 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 1-bedroom, 1-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 6 covered carports plus 4 additional parking spaces, along with an on-site laundry facility for tenant ease. 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, a 6% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.

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