16 NW Brook St 1, 2, 3, Newport, OR 97365

Beds
4
Baths
3
Sqft
1,695

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Listed byWindermere West Coast Properties
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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

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Sourced from: Lincoln County Board of REALTORS MLS (Oregon Coast MLS) MLS®#: 26-1319 Last checked:

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