$1,600,000

166 NE 8th St Newport, OR 97365

Estimated payment $9,244/month

Total Views 11
10 Beds
10 Baths
6,384 Sq Ft
$251 Price per Sq Ft

Highlights

  • Deck
  • Zoned Heating
  • Dining Area
  • Territorial View
  • Laundry Facilities
  • Carpet

About This Home

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 one-bedroom, one-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 six covered carports plus 5 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 6.5% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.

Listing Agent

Delene Myers

RE/MAX INTEGRITY ALBANY BRANCH License #200903044 Listed on: 10/21/2025

RE/MAX INTEGRITY ALBANY BRANCH

Co-Listing Agent

Brian Bemis

RE/MAX INTEGRITY - SALEM License #200603608

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,731

Year Built

  • Built in 1976

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 6,384 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Electric Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • Deck
  • 8,276 Sq Ft Lot
  • Zoned Heating

Listing and Financial Details

  • Exclusions: all tenants personal property
  • Legal Lot and Block 8 / 17

Community Details

Overview

  • 10 Units
  • Phelps Addn Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Maintenance Expense $2,018
  • Trash Expense $3,156
  • Water Sewer Expense $4,645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,731

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric
  • Syndicated 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 one-bedroom, one-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 six covered carports plus 5 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 6.5% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: all tenants personal property
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Dining Room: Area (Combination)
  • Laundry: Laundry Center

Exterior Features

  • Patio: Deck
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Vinyl
  • View: Territorial

Utilities

  • Heating: Zonal
  • Water: City
  • Garbage: 3156
  • Sewer: City
  • Water/Sewer: 4645

Condo/Co-op/Association

  • Maintenance: 2018

Lot Info

  • Acres: 0.19
  • Estimated Lot Sq Ft: 8276
  • Lot: 8
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Amount: 9731

Multi Family

  • Number Of Units: 10

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 For Sale $1,600,000 0.0% $251 / Sq Ft
10/21/2025 10/21/25 Off Market $1,600,000 -- --
10/21/2025 10/21/25 For Sale $1,600,000 -- $251 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 834696

Willamette Valley MLS
Oregon Lincoln County Newport 97365

166 NE 8th St, Newport, OR

For Sale

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.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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Delene Myers
Listing Agent
Delene Myers
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RE/MAX INTEGRITY ALBANY BRANCH
(458) 217-5917