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 deckperfect 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% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
-
10BEDS
-
0.19ACRES
-
10BATHS
-
01/2 BATHS
-
6,384SQFT
-
$219$/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 deckperfect 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% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ladd Group, Cascade Sotheby's International Realty. Data last updated: 2025-12-04T18:33:34.333.