Oregon Real Estate Investors Association


231 NW 3rd St, Newport, OR 97365

Multiple Family / 7 Bedroom(s) / 4 Bath(s)

Property Status:  For Sale | $799,000.00 | 


Property Photos


Triplex Investment Opportunity in Nye Beach District of Newport, Oregon. One 3x2 unit and two 2x1s close to shopping, dining, and amenities.


Property Status:
For Sale | $799,000.00
Property Details:
Multiple Family / 7 BR / 4 BA
Property Style:
2-Story
Year Built:
1997
Finished Sq Ft:
2,832
Monthly HOA:
731
Garage:
1 Car Attached
Basement:
No Basement
Owner / Agent:
Real Estate Agent
Property Features:
Porch
New carpet, fresh paint, ocean view in select units, blocks from ocean & more!
Contact Info
Realty ONE Group at the Beach
(503) 318-3020

View on Individual's Website
Property Description:

 Prime Investment Opportunity! One of two available identical triplexes, this one specifically boasts a 3x2 (with an attached garage and additional parking space) and two 2x1 (each with its own off-street parking space). Positioned conveniently near the ocean, Nye Beach's shopping and dining, Newport Performing Arts Center, and essential amenities like groceries, parks, post office, medical offices, and library. This property resides outside the tsunami zone. Recent updates, including refreshed painting, new flooring, and upgraded appliances, ensure a modern allure. Multiple investment paths await: immediate rental potential or luxury upgrades for enhanced resale or higher rental income. Lincoln County's housing demand amplifies this as a profitable investment. Newly formed HOA, inclusive of an August 2021 structural condition report, condo conversion assessment, and comprehensive reserve study. All are offered at a compelling price of $799,000! Act swiftly before these units are individually snatched up. Buyer to do their due diligence!

The listing agent received quotes from two property management firms who assessed that the 2x1s could lease between $1600 to $1900 and the 3x2s from $1800 to $2675 (refer to documents in MLS or email agent for info).

 7 bedrooms (two 2x1 units and one 3x2 unit)

4 bathrooms (the 2 bedrooms have one bath and the 3 bedroom has two baths)

0.11 acres and 2,832 square feet total

$799,000


If you’re interested in learning more, contact Gina or I today!

Samantha: (503) 318-3020 or Gina: (503) 753-9071
 samantha@rogatb.com or beachbebeks@gmail.com



Legal Disclaimer:
Oregon Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.


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Oregon Real Estate Investors Association
  • (541) 393-2508
  • 1711 Willamette St. Ste 301-103
  • Eugene, OR 97401

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