$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
  • No HOA
  • 6 Car Garage
  • Traditional Architecture
  • Zoned Cooling
  • 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 ample additional parking, 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, helping maintain consistent occupancy and tenant satisfaction. With 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, Depoe Bay License #200903044 Listed on: 11/13/2025

RE/MAX Integrity, Depoe Bay

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

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,384 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • Carport

Additional Features

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

Community Details

  • No Home Owners Association
  • 10 Units
  • Phelps Newport Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 111105DC-3001-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,731

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.4
  • Road Surface Type: Paved
  • Subdivision Name: Phelps - Newport
  • Directions: Hwy 101 to 8th
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 1976
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: None
  • General Property Description:Secondary View: None
  • General Property Description:Lot SqFt: 8276
  • General Property Description:_pound_ of Acres: 0.19
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 3001
  • General Property Description:Total Bedrooms: 10
  • General Property Description:Total Bathrooms: 10.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Gas:On Property3: Yes
  • Sewer:City3: Yes
  • Internal Features:RangeOven: Electric
  • Location Tax and Other Information:Subdv ParcelLot: 8
  • Flooring:Vinyl2: Yes
  • Flooring:Carpet: Yes
  • Siding:Vinyl: Yes
  • HeatingCooling:Zone - Elect: Yes
  • General Property Description Senior Community YN: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Flooring: Carpet, Vinyl

Exterior Features

  • View: None
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 6.0
  • General Property Description:Garage Type: Carport
  • General Property Description:Garage Stall: 6
  • External Features:Parking Spaces: 6.0

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111105DC-3001-00
  • Zoning: C-1 Commercial

Multi Family

  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 9731.1
  • Tax Year: 2024

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

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: Lincoln County Board of REALTORS® MLS (OR)

Source: Lincoln County Board of REALTORS® MLS (OR)

MLS Number: 25-2326

Oregon Lincoln County Newport 97365

166 NE 8th St, Newport, OR

For Sale

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Delene Myers
Listing Agent
Delene Myers
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RE/MAX Integrity, Depoe Bay
(458) 217-5917