16 Nw Brook St Unit 1, 2, 3, Newport, OR 97365
- $525,000
- 4
- BD
- 3
- BA
- 1,695
- SqFt
- List Price
- $525,000
- Price Change
- ▼ $24,000 1783045086
- Days on Market
- 73
- MLS#
- 26-1319
- Property Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 3
- Sqft. of Residence
- 1,695
Property Description
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.
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Additional Information
- Year Built
- 1930
- Acres
- 0.10
- Living Area
- 1,695
- Subdivision
- Kellog's Blocks
- Property Type
- Residential Income
- Terms
- 1031 Exchange, Cash, Conventional
- Style
- Other
- Utilities
- Electricity Available, Sewer Connected, Water Available, Separate Meters
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Listing courtesy of Windermere West Coast Properties.