166 NE 8TH ST

Newport, 97365

  • 1 Bed

  • 1 Bath

  • 775 SqFt

  • 19 DOM

  • Built: 1976

  • Status: Active

$1,400,000

Price cut: $200K (12-02-2025)

X

166 NE 8TH ST

Newport 97365

$1400000

Price cut: $200K (12-02-2025)

  • 1 Bed

  • 1 Bath

  • 775 SqFt

  • 19 DOM

  • Built: 1976

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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 1-bedroom, 1-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 6 covered carports plus 4 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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Residence Information

  • 775

  • 1

  • 1

  • Composition

  • Carport,OffStreet

  • 1976

  • No

  • VinylSiding

Features and Utilities

  • Zoned

  • PublicSewer

  • Electricity

Financial

  • 9938.44

  • MaintenanceGrounds,TrashCollection,Water

  • Cash,Conventional

  • 11-13-2025

  • No

  • No

Comparable Information

  • 19

  • 46

  • Cash,Conventional

  • $1,600,000

  • $1,400,000

  • Dec 02, 2025 14:21

Schools

Elementary : Yaquina View N/A Ratings
Middle : Newport N/A Ratings
High : Newport N/A Ratings

Map

Listing courtesy of RE/MAX Integrity.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Dec 29, 2025 17:30 | Listing last modified Dec 02, 2025 14:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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