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Real Estate Company
16 Nw Brook St Unit 1, 2, 3, Newport, OR 97365
- $485,000
- 4
- BD
- 3
- BA
- 1,695
- SqFt
- List Price
- $485,000
- Price Change
- ▼ $40,000 1792460653
- MLS#
- 26-1319
- Style
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Subdivision
- Kellog's Blocks
- Year Built
- 1930
Property Description
Excellent turnkey income property in the Nye Beach overlay district with a short walk to Nye Beach shops, restaurants and beach access. Unit 3 currently leased long term & 2 vacant and ready for immediate rent at current market rates. Key features & recent updates New roof (2023) Foundation and sewer line repaired; plumbing and insulation with vapor barrier completed Newer windows throughout Units 1 & 3: new LVP flooring and fresh interior paint Unit 3: new stackable washer/dryer and new pellet stove (2025) Water heaters newer in Units 1 & 3 Newer refrigerators in all units Electrical upgrades across ~75% of the property; updated panels in Units 1 & 3 Heating: baseboard heat plus cadet heaters in each unit; Unit 3 also has pellet stove heat Proximity: walking distance to Nye Beach shopping & dining; only a couple blocks to beach access. Great value-add opportunity with recent capital improvements already completed. Contact for rent roll, expenses, vacancy history and to schedule a showing.
Additional Information
- Living Area
- 1,695
- Lot Dimensions
- 50 x 83.33
- School District
- Lincoln County School District
- Interior Features
- Entrance Foyer, Smart Camera(s)/Recording
- Roof
- Composition
- Foundation
- Concrete Perimeter, Crawl Space
- Sewer
- Public Sewer
- Water
- Public
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Listing courtesy of Windermere West Coast Properties.