$849,000

246 NE 3rd St Newport, OR 97365

Estimated payment $5,194/month

Total Views 589
6 Beds
4 Baths
2,984 Sq Ft
$285 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Carpet
  • Cooling Available

About This Home

Investment opportunity at the Oregon Coast awaits. This 4 plex offers two 1 bed 1 bath units and two 2 bedroom 1 bath units, all fully leased with long term tenants in place. This prime location is Just minutes to shopping, award winning restaurants, art district, and the historic Newport Bayfront. Please do not disturb the tenants. Shown by appointment only. One of the sellers is a licensed real estate agent in the State of California.

Listing Agent

Dennis Regen

Taylor & Taylor Realty Company License #810604051 Listed on: 05/25/2025

Co-Listing Agent

Korey Hazard

Taylor & Taylor Realty Company License #201219450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,131

Year Built

  • Built in 1978

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Composition Roof
  • T111 Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,984 Sq Ft Home
  • 2-Story Property
  • Window Treatments

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Baseboard Heating
  • Gas Available at Street
  • Water Heater

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 111108AB-1702-00

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Fredericksburg Subdivision

Building Details

  • Gross Income $5,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,131

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Dwelling
  • Prop. Type: Multi-Dwelling
  • Road Frontage Type: None
  • Lot Size Acres: 0.11
  • Lot Size: 50x100
  • Lot Size Sq Ft: 4791.6
  • Road Surface Type: Paved
  • Subdivision Name: Fredericksburg
  • Directions: Highway 101 to NE 3rd St, Property on right side of street.
  • Architectural Style: Two Story
  • Garage Yn: No
  • Year Built Details: Updated
  • Year Built: 1978
  • 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: 4792
  • General Property Description:_pound_ of Acres: 0.11
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 1702
  • Gas:At Street3: Yes
  • General Property Description:Total Bedrooms: 6
  • General Property Description:Total Bathrooms: 4.0
  • General Property Description:Levels: Two
  • General Property Description:Style: Two Story
  • General Property Description:Basement: No
  • Roof:Composition: Yes
  • Water:City2: Yes
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:RangeOven: Electric
  • Internal Features:Microwave: Yes
  • Internal Features:Furnished: No
  • General Property Description:Lot Dimensions: 50x100
  • Location Tax and Other Information:Subdv ParcelLot: 5
  • Flooring:Vinyl2: Yes
  • Alternate Heat:None7: Yes
  • Flooring:Carpet: Yes
  • Siding:T1-11: Yes
  • Sewer:City Property2: Yes
  • Gross Income: 5330.0
  • Special Features: None
  • Year Built: 1978

Interior Features

  • Furnished: Unfurnished
  • Appliances: Water Heater
  • Total Bedrooms: 6
  • Flooring: Carpet, Vinyl
  • Window Features: Window Coverings

Exterior Features

  • View: None
  • Foundation Details: Concrete Perimeter
  • Other Structures: None
  • Patio And Porch Features: None
  • Roof: Composition
  • Water On Property: Yes
  • Internal Features:Window Coverings: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • General Property Description:Garage Type: None
  • General Property Description:Garage Stall: 0
  • External Features:Parking Spaces: 5.0

Utilities

  • Heating: Electric, Baseboard
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: On Property, City
  • HeatingCooling:Electric: Yes
  • HeatingCooling:Baseboard: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 111108AB-1702-00
  • Zoning: R-3 Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 5330.0

Tax Info

  • Tax Annual Amount: 5130.52
  • 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

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 $5,131 $284,330 -- --
2023 $5,010 $276,050 $0 $0
2022 $4,855 $268,010 $0 $0
2021 $4,772 $260,210 $0 $0
2020 $4,658 $252,640 $0 $0
2019 $4,459 $245,290 $0 $0
2018 $4,322 $238,150 $0 $0
2017 $4,283 $231,220 $0 $0
2016 $4,193 $224,490 $0 $0
2015 $3,887 $217,960 $0 $0
2014 $3,462 $192,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2025 05/25/25 For Sale $849,000 -- $285 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $320,000 Lawyers Title
Warranty Deed $250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $344,000 New Conventional
Closed $240,000 New Conventional
Previous Owner $165,000 New Conventional
Previous Owner $200,000 Fannie Mae Freddie Mac
Source: Public Records

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

MLS Number: 25-1186

APN: R520465

Oregon Lincoln County Newport 97365

246 NE 3rd St, Newport, OR

This home is located at 246 NE 3rd St, Newport, OR 97365 and is currently priced at $849,000, approximately $284 per square foot. This property was built in 1978. 246 NE 3rd St is a home located in Lincoln County with nearby schools including Sam Case Elementary School, Yaquina View Elementary School, and Newport High School.

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Dennis Regen
Listing Agent
Dennis Regen
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Taylor & Taylor Realty Company
(458) 224-1653