$799,000
$51K PRICE DROP

1061 NE Avery St Newport, OR 97365

Estimated payment $4,612/month

Total Views 883
6 Beds
4 Baths
3,521 Sq Ft
$227 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Landscaped
  • Baseboard Heating
  • Corner Lot
  • Heating system powered by passive solar
  • Wood Siding

About This Home

Beautifully redone throughout. main unit feature huge mastr and full family room grand fireplace. Formal living and dining and open kitchen. Unit two is light bright and open with skylights and oversized kitchen, features slider to private fenced yard. Unit one is perfect open floor plan with brand new fabulous bathroom, all new finishes. Includes an RV space. These units show like new and property is fully leased to include RV space. Hard to find 8% cap rate combined with like new condition makes this one a perfect investment.

Listing Agent

Greg Chrisman

Riverstone Realty NW LLC Brokerage Email: Greg.RiverstoneNW@gmail.com License #920200174 Listed on: 10/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,515

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 10,018 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,521 Sq Ft Home
  • 2-Story Property
  • Security Lights

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Eco-Friendly Details

  • Heating system powered by passive solar

Schools

  • Sam Case Elementary School
  • Newport Middle School
  • Newport High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R425394

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $7,500
  • Gross Income $72,480
  • Net Operating Income $63,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,515

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1965
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 6
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: RVAccessParking
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: Baseboard, PassiveSolar, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: FrontYardLandscaping

Schools

  • Elementary School: Sam Case
  • High School: Newport
  • Middle Or Junior School: Newport

Lot Info

  • Zoning: com/res
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.0
  • Parcel #: R425394

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4515.23

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.02
  • Annual Gross Income: 72480.0
  • Property Net Operating Income: 63480.0
  • Annual Operating Expense: 7500.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,515 $250,230 -- --
2023 $4,409 $242,950 $0 $0
2022 $4,273 $235,880 $0 $0
2021 $4,199 $229,010 $0 $0
2020 $4,100 $222,340 $0 $0
2019 $3,924 $215,870 $0 $0
2018 $3,804 $209,590 $0 $0
2017 $3,835 $207,040 $0 $0
2016 $3,754 $201,010 $0 $0
2015 $3,481 $195,160 $0 $0
2014 $3,402 $189,480 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 For Sale $849,900 -- $241 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Warranty Deed $500,000 Frontier Title & Escrow
Bargain Sale Deed -- Frontier Title & Escrow
Quit Claim Deed -- Frontier Title & Escrow
Trustee Deed $350,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $275,000 Construction
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 214824717

Regional Multiple Listing Service (RMLS)

APN: R425394

Oregon Lincoln County Newport 97365

1061 NE Avery St, Newport, OR

This home is located at 1061 NE Avery St, Newport, OR 97365 and is currently priced at $799,000, approximately $226 per square foot. This property was built in 1965. 1061 NE Avery St is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Listing Agent
Greg Chrisman
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Riverstone Realty NW LLC
(866) 442-4340