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$650,000

  • For Sale
  • Active
  • Multi-Family
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Multifamily home two blocks from the ocean! This well cared for, 3 unit property, features two recently remodeled units and fresh exterior paint, creating a bright and updated coastal feel. All units are currently leased, offering immediate income in a highly desirable location. This is a great opportunity to own a coastal three-unit property with in-place income, strong rental history, and and long-term potential.

Full Property Details for 1218 NW Lake St

General

  • Price: $650,000
  • Taxes: $4,959 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 597429344
  • Updated: 2/5/2026
  • Added to Site: 15 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Total Spaces: 2
  • Parking Features: Driveway, Off Street

Location

  • County: Lincoln
  • Subdivision: OCEAN VIEW
  • Driving Directions: Off of Nw 12th St

School Information

  • Elementary School: Yaquina View
  • Middle School: Newport
  • High School: Newport

Community

  • Community Name: 200 - Lincoln County

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Shingle
  • Stories/Levels: 1
  • Year Built: 1969
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Operating Expenses: $10,000
  • Tax Amount: $4,959.01
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA

Disclosures and Reports

  • Legal Description: PROPERTY ID R361500 OCEANVIEW, BLOCK 31, LOT 8-10, PTNS OF, DOC202
  • Property ID: R361500

Listed by Kelly Right Real Estate of Portland, LLC (503) 719-6056, Dustin Miller (503) 927-0181 and Kelly Right Real Estate of Portland, LLC (503) 719-6056, Amirah Fattom (503) 999-7134

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Listing agents

— 1218 NW Lake St —

  • Dustin Miller

    Kelly Right Real Estate of Portland, LLC

    503-719-6056

  • Amirah Fattom

    Kelly Right Real Estate of Portland, LLC

    503-719-6056

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1218 NW Lake St

School District:Lincoln County School District
NameGradesDistance
Sam Case Elementary
459 Northeast 12th Street, Newport, OR 97365
3-50.5 mi
Sam Case Elementary School
351 Southeast Harney Street, Newport, OR 97365
K-21.1 mi
Newport Middle School
825 Northeast 7th Street, Newport, OR 97365
6-80.8 mi
Newport High School, Newport, OR
322 Northeast Eads Street, Newport, OR 97365
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1218 NW Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Listed
$650,000
56.63%
MLS
8/09/2022
Sold
$415,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1218 NW Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,959
2%
$277,160
3%
2024
$4,856
44%
$269,090
45%
2023
$3,370
5%
$185,710
6%
2021
$3,210
-2%
$175,060
-3%
2022
$3,267
2%
$180,310
6%
2021
$3,210
7%
$169,970
3%
2019
$3,000
3%
$165,020
3%
2018
$2,908
1%
$160,220
3%
2017
$2,882
2%
$155,560
3%
2016
$2,821
8%
$151,030
3%
2015
$2,615
2%
$146,640
3%
2014
$2,556
5%
$142,370
3%
2013
$2,424
—
$138,230
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1218 NW Lake St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Kelly Right Real Estate of Portland, LLC (503) 719-6056, Dustin Miller (503) 927-0181 and Kelly Right Real Estate of Portland, LLC (503) 719-6056, Amirah Fattom (503) 999-7134

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1218 NW Lake St, Newport, OR 97365 (MLS# 597429344) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1218 NW Lake St is currently listed for $650,000 and was received on February 05, 2026. Want to learn more about 1218 NW Lake St? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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