$597,500
$3K PRICE DROP

443 SW 7th St Newport, OR 97365

Estimated payment $3,597/month

Total Views 4,616
4 Beds
4 Baths
2,250 Sq Ft
$266 Price per Sq Ft

Highlights

  • City View
  • Level Lot
  • 4-minute walk to Lost Creek State Park
  • Zoned Heating
  • Lap Siding

About This Home

Rare four unit property in downtown Newport. Great space to increase your portfolio or owner occupied. Three units on the property, one stand alone 1 bed 1 bath house, a studio cottage, and duplex- 1 bed 1 bath (downstairs) and 2 bed 1 bath (upstairs). Interior updates on multiple units. Newer siding, roof, paint, plumbing and electrical. Close to downtown, shops and hospitals. Not approved for short term rental use.

Listing Agent

Katy Rosecrans

SMI Commercial Real Estate LLC License #200402282 Listed on: 04/08/2025

SMI Commercial Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,493

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Property Views

  • City
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Yaquina View Elementary School
  • Newport Middle School
  • Newport High School

Utilities

  • No Cooling
  • Zoned Heating

Listing and Financial Details

  • Assessor Parcel Number R14349

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $3,494
  • Gross Income $58,620
  • Net Operating Income $55,126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,493

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1910
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, Finished
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: Yes
  • Lot Features: Level, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City,Territorial

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Yaquina View
  • High School: Newport
  • Middle Or Junior School: Newport

Lot Info

  • Zoning: C1
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R14349

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3493.2

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.19
  • Annual Gross Income: 58620.0
  • Property Net Operating Income: 55126.0
  • Annual Operating Expense: 3494.0

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 $3,493 $193,590 -- --
2023 $3,411 $187,960 $0 $0
2022 $3,306 $182,490 $0 $0
2021 $3,249 $177,180 $0 $0
2020 $3,172 $172,020 $0 $0
2019 $3,036 $167,010 $0 $0
2018 $2,943 $162,150 $0 $0
2017 $2,916 $157,430 $0 $0
2016 $2,855 $152,850 $0 $0
2015 $2,647 $148,400 $0 $0
2014 $2,587 $144,080 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Price Changed $597,500 -0.4% $266 / Sq Ft
04/08/2025 04/08/25 For Sale $600,000 +207.7% $267 / Sq Ft
12/31/2016 12/31/16 Sold $195,000 -2.3% $81 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $199,500 -- $83 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $320,000 Commercial
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 705112419

Regional Multiple Listing Service (RMLS)

APN: R14349