Description
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% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
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10BEDS
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0.19ACRES
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10BATHS
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01/2 BATHS
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6,384SQFT
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$219$/SQFT
School Ratings & Info
Description
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% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
© 2025 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. Data last updated: 2025-12-15T18:08:45.4.