$1,250,000

166 Ne 8TH St, Newport, OR 97365

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

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 Status:
Pending
Date Added:
November 13, 2025
Data Last Updated:
April 4, 2026 at 8:41PM
Listing Office:
RE/MAX Integrity : 541-791-2000
Listing Agent:
Delene Myers : 541-918-4036
MLS ID:
797693868
  • Heating: Zoned
  • General: Vinyl siding
  • Parking: CarportOff streetParking spaces: 10
  • Roofing: Composition
  • Road/Access: Concrete
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Lincoln
  • Zoning: C1PROPERTY ID R345161 PHELPS ADDN.-NEWPORTBLOCK 17LOT 8 & PTN OR345161
  • View: View
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Delene Myers , RE/MAX Integrity

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

Y

Yaquina View Elementary School

351 SE Harney St, Newport, OR, 97365

Grades KG-2

0.74 miles away

N

Newport Middle School

825 NE 7th St, Newport, OR, 97365

Grades 6-8

0.51 miles away

N

Newport High School

322 NE Eads St, Newport, OR, 97365

Grades 9-12

0.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.