16 NW Brook St 1, 2, 3, Newport, OR 97365
- Beds
- 4
- Baths
- 3
- Sqft
- 1,695
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 1
- Number of bedrooms
- 4
- Number of bathrooms
- 3
- Square feet
- 1,695
- Lot size (acres)
- 0.10
- Year built
- 1930
Interior features
- Laundry
- Other
Exterior features
- Waterfront
- Beach Access
Utilities
- Heating
- Pellet Stove, Baseboard
- Cooling
- None
- Sewer
- Public Sewer
- Water
- Public Water
Estimated monthly costs
- Insurance
- $156
Taxes
- Tax Annual Amount (2025)
- $2,000.01
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Lincoln County Board of REALTORS MLS (Oregon Coast MLS) MLS®#: 26-1319 Last checked: …
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