166 NE 8th Street, Newport, OR 97365 (MLS# LC-105076)

166 NE 8th Street, Newport, OR 97365

$1,132,000

Property Type: Residential Income Bedrooms: 10 Baths: 10 Square Footage: 6,384 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $1,132,000 List Date: 11/13/2025 Last Modified: 5/19/2026

Overview

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 ample additional parking, along with an on-site laundry facility for tenant ease.

Supplements: 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 r ... (Read more)

Listing Details MLS# LC-105076

Listing Information

Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family

Status Change Information

Price Change Timestamp: 2026-02-27T02:14:14Z
Status Change Timestamp: 2026-05-19
Purchase Contract Date: 2026-03-18
Close Date: 2026-05-18
Close Price: 1132000

Address

Street Number: 166
Street Direction Prefix: NE
Street Name: 8th
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to 8th
Parcel Number: 111105DC-3001-00

Contract

Begin Date: 2025-10-21
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Permissible for Vacation Rental: No

Tax Legal

Subdivision Name: Phelps - Newport
Tax Annual Amount: 9731.1
Tax Year: 2024
Zoning: C-1 Commercial
Tax Lot: 3001
Tax Map Number: 111105DC

AssociationCommunity

Number of Units: 10

More Information

Interior

Bedrooms Total: 10
Bathrooms Total: 10
Bathrooms Full: 10
Above Grade Finished Area: 6384
Living Area: 6384
Main Floor Living: Yes
Basement YN: No

Parking Information

Garage YN: Yes
Garage Spaces: 6
Carport YN: Yes
Parking Total: 6

Building

Year Built: 1976
Accessibility Features YN: No

Lot

Lot Size Acres: 0.19
Lot Size Square Feet: 8276.4
Water Body Access YN: No

Remarks

Lincoln Public Historical Details: Specially Assessed: No, Unit 7: Unit Number: 7,Beds: 1,Baths: 1,Rent: 1088,SQFT: 775, Unit 8: Unit Number: 8,Beds: 1,Baths: 1,Rent: 1126,SQFT: 775, Unit 9: Unit Number: 9,Beds: 1,Baths: 1,Rent: 1100,SQFT: 775, Unit 10: Unit Number: 10,Beds: 1,Baths: 1,Rent: 1250,SQFT: 775

Building and Property Details

Exterior Color: grey

Unit Five

Unit Number: 5
Living Area: 775
Actual Rent: 1175

Unit Four

Unit Number: 4
Living Area: 775
Actual Rent: 1031

Unit One

Unit Number: Yes
Living Area: 775
Actual Rent: 1150

Unit Six

Unit Number: 6
Living Area: 775
Actual Rent: 975

Unit Three

Unit Number: 3
Living Area: 775
Actual Rent: 1200

Unit Two

Unit Number: 2
Living Area: 775
Actual Rent: 1250

Additional Tax and Location Information

Highway 101: East Side
Neighborhood Code: N115
Property Tax ID #: R345161
Subdivision Block: 17
Subdivision Parcel/Lot: 8
Tax District: 115

Historical Details

Historical MLS Number: 25-2326

Tax & Legal

CC&R's: No

Association/Community

Senior Community YN: No

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Water Available: Yes

Appliances

Electric Oven: Yes
Electric Range: Yes

Architectural Style

Traditional: Yes

Construction Materials

Vinyl Siding: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Electric: Yes
Zoned: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Outdoor Living Spaces Features

Deck: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available Appliances: Electric Oven; Electric Range Architectural Style: Traditional Construction Materials: Vinyl Siding Flooring: Carpet; Vinyl Foundation Details: Concrete Perimeter Heating: Electric; Zoned Levels: Two Listing Terms: Cash; Conventional Outdoor Living Spaces Features: Deck Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only

Listing Office: RE/MAX Integrity, Depoe Bay

Office Email: leannej@integrityagents.com

Last Updated: May - 19 - 2026

Information deemed reliable but not guaranteed.