$1,225,000
PENDING

Estimated payment $7,818/month

Total Views 4,839
-- Bed
-- Bath
4,550 Sq Ft
$269 Price per Sq Ft

Highlights

  • Ocean View
  • High Speed Internet
  • No Heating
  • 0.23 Acre Lot
  • Level Lot
  • 1-minute walk to Ocean Shore State Recreation Area

About This Home

Welcome to Nye Beach Townhomes! Rare in Newport--Turn key Vacation Rental business with 4 transferrable Short-Term Rental licenses. 4 nicely appointed units, each 2 bed, 1.5 bath with full kitchen, covered decks, and just steps to the beach on a paved path. Average annual gross of $147K/year for the last 4 years. Great Nye Beach location with easy access to beaches, shopping, restaurants, and Bayfront District. Adjacent to Coast Park, playground and Performing Arts Center. Large 0.23 AC lot, newly paved with 8 marked parking spots and EV charger. Each unit sleeps 6 with king beds in each bedroom and a sleeper sofa in the living area. Tons of storage closets including 2 walk-ins. Buyer to honor existing bookings.

Listing Agent

Heidi Rogers

Cascade Hasson Sotheby's International Realty License #201206892

Cascade Hasson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,307

Year Built

  • Built in 1969

Lot Details

  • 10,018 Sq Ft Lot
  • Lot Dimensions are 99 x 100
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,550 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

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

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 4 Units
  • Nye Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number R245998

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,307

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1969
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Parking Description: OffStreet, Paved
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Yaquina View
  • High School: Newport
  • Middle Or Junior School: Newport
  • Elementary School #2: Sam Case

Lot Info

  • Zoning: C2
  • Lot Size Acres: 0.23
  • Lot Size: 99 x 100
  • Lot Size Sq Ft: 10018.0
  • Parcel #: R245998

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: CableTV, Electricity, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 12307.49

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 4

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 $12,307 $682,070 -- --
2023 $12,018 $662,210 $0 $0
2022 $11,648 $642,930 $0 $0
2021 $11,446 $624,210 $0 $0
2020 $11,175 $606,030 $0 $0
2019 $10,696 $588,380 $0 $0
2018 $10,371 $571,470 $0 $0
2017 $7,832 $422,780 $0 $0
2016 $8,024 $429,630 $0 $0
2015 $7,353 $412,300 $0 $0
2014 $6,163 $343,210 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2025 03/22/25 Pending -- -- --
01/18/2025 01/18/25 For Sale $1,225,000 -- $269 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $255,000 First American Title Ins Co
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 170994605

Regional Multiple Listing Service (RMLS)

APN: R245998