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4283 Yaquina Bay Rd 6 Unit Apartment Building $775,000 ($129,167/Unit) Newport, OR 97365
Executive Summary
Multi-Unit Investment Opportunity with Yaquina River Views - 3.86 Acres Just Outside Newport. Solid income potential meets practical infrastructure on this multi-property parcel. With Yaquina River views, two wells, and three septic systems already in place, this property is ready for an investor looking to generate consistent rental income with room for growth. The setup includes: two detached stick-built homes, each 2 bedrooms and 1 bathroom-one with an attached garage, plus a 4-unit building with river views, complete with two garages and two carports for tenant parking. The land offers a mix of forest, open grassy areas, and a year-round creek, creating a private, peaceful setting that appeals to long-term tenants and potential short-term renters alike. Plenty of flexibility here-live in one unit and rent out the others, or operate the entire property as a fully leased investment portfolio. With multiple dwellings, essential systems already in place, and demand for rentals in the area, this property is a smart play for anyone looking to build or expand their income stream on the Oregon Coast.
Property Facts
| Price | $775,000 | Building Class | C |
| Price Per Unit | $129,167 | Lot Size | 3.86 AC |
| Sale Type | Investment | Building Size | 5,022 SF |
| No. Units | 6 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2000 |
| Apartment Style | Low-Rise | Parking Ratio | 1.99/1,000 SF |
| Zoning | RR - Rural 2+acre | ||
| Price | $775,000 |
| Price Per Unit | $129,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.86 AC |
| Building Size | 5,022 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2000 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | RR - Rural 2+acre |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Number | R425061 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $414,650 |
Property Taxes
Parcel Number
R425061
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$414,650
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4283 Yaquina Bay Rd
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