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$1,400,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds

Listed By: DELENE. MYERS | Re/Max Integrity Albany Branch | (541) 974-3196 and BRIAN. BEMIS | Re/Max Integrity - Salem | (503) 559-9410 | Direc: 541-974-3196

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Exceptional Investment Opportunity - 10-Unit Complex in the Heart of Newport!Discover a rare opportunity to own a well-maintained 10-unit apartment complex ideally situated in the heart of Newport. Each one-bedroom, one-bathroom unit features a refrigerator, electric range/stove, and private back deck-perfect for tenants seeking comfort and convenience near coastal amenities. The property offers six covered carports plus 5 additional parking spaces, along with an on-site laundry facility for tenant ease. Property includes 3 storage spaces: the biggest one is 17'x28'; 2nd is 8'x12', and the 3rd is 8'x9'. Just a few blocks from Nye Beach. Rent includes water and garbage services, a 6% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.

Full Property Details for 166 NE 8th St

General

  • Price: $1,400,000
  • Taxes: $9,731 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 834696
  • Updated: 12/2/2025
  • Added to Site: 88 day(s) ago

Interior

  • Flooring: Carpet, Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 10

Bedrooms

  • Total Bedrooms: 10

Location

  • County: OUTSIDE 4 COUNTY AREA
  • Subdivision: Phelps Addn
  • Driving Directions: Hwy 101 to 8th

Heating & Cooling

  • Heating Type: Zonal
  • Heating Fuel: Zonal
  • Furnaces: 600

Utilities

  • Sewer: City
  • Water: City
  • # Electric Meters: 3156

Structural Information

  • Roof: Composition
  • Square Feet: 6,384
  • Below Ground: 4,645 Sq. Ft.
  • Year Built: 1976

Unit Information

  • Units in Building: 10

Unit 4

  • Level: Western

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Description: 8

Financial Considerations

  • Price Per Sq. Ft.: $219.3
  • Price Per Acre: $7,368,421.05
  • Assessment Year: 1976
  • Tax Amount: $9,731
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 8

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NMLS#: 1598647

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Schools serving 166 NE 8th St

School District:Lincoln County School District
NameGradesDistance
Sam Case Elementary
459 Northeast 12th Street, Newport, OR 97365
3-50.4 mi
Sam Case Elementary School
351 Southeast Harney Street, Newport, OR 97365
K-20.7 mi
Newport High School, Newport, OR
322 Northeast Eads Street, Newport, OR 97365
9-120.3 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 166 NE 8th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Price Reduced
$1,400,000
-12.5%
MLS
10/21/2025
Listed
$1,600,000
222.13%
MLS
7/26/2017
Sold
$496,700
—
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 166 NE 8th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,938
2%
$555,460
3%
2024
$9,731
2%
$539,290
3%
2023
$9,502
5%
$523,590
6%
2021
$9,050
-2%
$493,540
-3%
2022
$9,209
2%
$508,340
6%
2021
$9,050
7%
$479,170
3%
2019
$8,457
3%
$465,220
3%
2018
$8,197
1%
$451,670
3%
2017
$8,124
2%
$438,520
3%
2016
$7,952
8%
$425,750
3%
2015
$7,372
2%
$413,350
3%
2014
$7,206
9%
$401,320
6%
2013
$6,625
—
$377,760
—
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.

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166 NE 8th St, Newport, OR 97365 (MLS# 834696) is a Multi-Family property with 10 units containing 10 bedrooms and 0 full bathrooms. 166 NE 8th St is currently listed for $1,400,000 and was received on October 21, 2025. Want to learn more about 166 NE 8th 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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