1127 SW Abbey Street, Newport, OR 97365 (MLS # 24-2056)
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A 7-bedroom, 5-bath, four-unit property that offers a hilltop location in Newport. The property is located near the hospital and Bayfront. Currently, 3 out of the 4 units are rented, providing rental income. The property has been well-maintained, including a new roof installed in 2023, featuring a composition roof on the main building and a membrane roof over the apartments. With 6 parking spaces, a dedicated garbage area, and a shared laundry room, it ensures both convenience and practicality for tenants. The units consist of a spacious 3-bedroom, 2-bath unit, a ground-floor 1-bedroom, 1-bath unit with a den, a 2-bedroom, 1-bath unit, and a studio. Additionally, the sale includes a contiguous 5,000 square foot lot, offering excellent potential for future development or expansion. Buyer to perform Due Diligence with the City of Newport. Showings will only be scheduled with an accepted offer. Buyer to assume all tenants at close of escrow.
| DAYS ON MARKET | 80 | LAST UPDATED | 9/14/2024 |
|---|---|---|---|
| TRACT | Bayley and Case's | YEAR BUILT | 1935 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Water Heater |
|---|---|
| AREA | Newport/South Beach |
| LOT | 9583 sq ft |
| STYLE | Traditional |
| SUBDIVISION | Bayley and Case's |
| TAXES | 7653.89 |
| UTILITIES | Electricity Available, Natural Gas Not Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Front |
| ZONING | R-3 Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Taylor & Taylor Realty Company
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Data Last Updated: 12/3/24 9:48 AM PST
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