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$1,400,000

  • For Sale
  • Active
  • Multi-Family
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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 1-bedroom, 1-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 6 covered carports plus 4 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: $9,938 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 797693868
  • Updated: 12/2/2025
  • Added to Site: 65 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds, Trash Collection, Water

Parking

  • Total Spaces: 10
  • Parking Features: Carport, Off Street

Location

  • County: Lincoln
  • Driving Directions: Hwy 101 to 8th

School Information

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

Community

  • Community Name: 200 - Lincoln County

Heating & Cooling

  • Heating Type: Zoned
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Year Built: 1976

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Concrete

Financial Considerations

  • Operating Expenses: $43,030
  • Tax Amount: $9,938.44
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: PROPERTY ID R345161 PHELPS ADDN.-NEWPORT, BLOCK 17, LOT 8 & PTN O
  • Property ID: R345161

Listed by RE/MAX Integrity (541) 791-2000, Delene Myers (541) 918-4036 and RE/MAX Integrity (541) 345-8100, Brian Bemis (503) 559-9410

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Listing agents

— 166 NE 8th St —

  • Delene Myers

    RE/MAX Integrity

    541-791-2000

  • Brian Bemis

    RE/MAX Integrity

    541-345-8100

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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 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
11/13/2025
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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Listed by RE/MAX Integrity (541) 791-2000, Delene Myers (541) 918-4036 and RE/MAX Integrity (541) 345-8100, Brian Bemis (503) 559-9410

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166 NE 8th St, Newport, OR 97365 (MLS# 797693868) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 166 NE 8th St is currently listed for $1,400,000 and was received on November 13, 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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