About 166 Ne 8th Street
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. 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.
Features of 166 Ne 8th Street
| MLS® # | LC-105076 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 10 |
| Bathrooms | 10.00 |
| Full Baths | 10 |
| Square Footage | 6,384 |
| Acres | 0.19 |
| Year Built | 1976 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Traditional |
| Status | Pending |
Community Information
| Address | 166 Ne 8th Street |
|---|---|
| Subdivision | Phelps - Newport |
| City | Newport |
| County | Lincoln |
| State | OR |
| Zip Code | 97365 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Water Available |
|---|---|
| # of Garages | 6 |
| Is Waterfront | No |
Interior
| Heating | Electric, Zoned |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Vinyl Siding |
| Foundation | Concrete Perimeter |
Additional Information
| Date Listed | October 21st, 2025 |
|---|---|
| Zoning | C-1 Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Delene Myers |
|---|---|
| Office | RE/MAX Integrity, Depoe Bay |