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.
Listing Provided Courtesy of Delene Myers, RE/MAX Integrity
General Information
797693868
19
DOM
1
8276.4 SqFt
1
775
1976
C1
Lincoln
R345161
Yaquina View
Newport
Newport
MultiFamily
PROPERTY ID R345161 PHELPS ADDN.-NEWPORT, BLOCK 17, LOT 8 & PTN O
Listing Provided Courtesy of Delene Myers, RE/MAX Integrity
Krishna Realty data last checked: Dec 10, 2025 18:07 | Listing last modified Dec 02, 2025 14:21,
Source:
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Residence Information
775
1
1
Composition
Carport,OffStreet
1976
No
VinylSiding
Features and Utilities
Zoned
PublicSewer
Electricity
Financial
9938.44
MaintenanceGrounds,TrashCollection,Water
Cash,Conventional
11-13-2025
No
No
Comparable Information
19
27
Cash,Conventional
$1,600,000
$1,400,000
Dec 02, 2025 14:21
Schools
public Elementary : Yaquina ViewN/ARatingsprivate Middle : Newport N/ARatingsprivate High : NewportN/ARatings
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.
