213 NE 7th St - Multi-Family FOR SALE


Newport, OR 97365
$1,950,000 USD
541-961-6688
213 NE 7th St, Newport, OR for Sale
$1,950,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

213 NE 7th St
Newport, OR 97365


OVERVIEW

Established 10-unit multifamily investment property in the heart of Newport, designed for investors seeking scale, tenant appeal, and long-term income potential. Centrally located near shopping, services, employment centers, and the amenities that support year-round rental demand, this well-maintained property features nine 2-bedroom units and one 3-bedroom unit, offering a unit mix that appeals to a broad range of tenants. A standout feature is the inclusion of off-street garages for every unit—an amenity not commonly found in many multifamily properties and one that can contribute to tenant satisfaction and retention. Situated on a corner lot with public utilities and easy access throughout Newport, the property has been professionally maintained and offers a straightforward ownership opportunity for investors seeking an established asset rather than a major renovation project.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

10

PRICE/UNIT

$195,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R323840

ASK ABOUT THIS PROPERTY

Doretta SmithMartek Real EstateMore Info
541-961-6688

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Doretta SmithMartek Real EstateMore Info
541-961-6688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.