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213 NE 7th St 10 Unit Apartment Building Offered at $1,950,000 Newport, OR 97365
Executive Summary
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.
Property Facts
| Price | $1,950,000 | Property Type | Multifamily |
| Price Per Unit | $195,000 | Building Size | 15,944 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 10 | Year Built | 1990 |
| Price | $1,950,000 |
| Price Per Unit | $195,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Building Size | 15,944 SF |
| No. Stories | 3 |
| Year Built | 1990 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R323840 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $300,630 |
Property Taxes
Parcel Number
R323840
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$300,630
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213 NE 7th St