Courtesy: Advantage Real Estate, 541-265-2200
Wonderful opportunity to own a home and three rentals in Newport with a remarkable hilltop location. This 7 bedroom, 5 Bath property is sited above Newports Hospital and the Newport Bayfront, with PANORAMIC VIEWS extending over the bay, bridge and ocean. There are 4 Occupied units with good tenants providing EXCELLENT INCOME and low expenses, and great rental history. This Property is WELL MAINTAINED with a NEW ROOF that is composition on the main house and membrane over the apartments in 2023. Very functional with 5 parking spaces, garbage area, laundry room. See photos for layout. Unit A 3/2, Unit B(Ground floor) 1/1 plus den. Unit C 2 bed/1 bath, Unit D Studio. No showings without an accepted offer. Buyer to assume all tenants at close of escrow. Call for more details.
24498839
Single Family, Cottage, 3+ Story
7
Lincoln
5 Full
1935
0.22
Acres
PublicWater
3
PublicSewer
4,078
Sq. Ft.
Newport Bayley and Case ADDN
School Information
Yaquina View
Newport
Newport
Bathrooms
5
Total:5
Interior Features
- Cooling
- None
- Heating
- Electric Heating. Baseboard.
- Basement
- Daylight,SeparateLivingQuartersApartmentAuxLivingUnit
- Doors/Windows
- DoublePaneWindows
- Accessibility
- Baths. CaregiverQuarters,MainFloorBedroomBath.
- Security
- None
Exterior / Lot Features
- Parking
- ParkingPad,.
- Roof
- Composition, Membrane
- Lot View
- Ocean, Other
- Zoning
- R3
- Structural Condition
- UpdatedRemodeled
- Additional Exterior/Lot Features
- OceanBeachOneQuarterMileOrLess,Sloped.
Community Features
- Security Features
- None
- Complex Features
- None
Financial Considerations
R45139
$7,775
Cash, Conventional
Arrows indicate 90 day trend
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