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    166 NE 8Th St Newport, OR 97365

    New
    For Sale
    $1,400,000

    MULTI_FAMILY - Newport, OR

    Lot size:
    0.19 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 166 NE 8Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C1
    Rooms
    Bedroom 1, Bathroom 1
    Bedrooms
    1
    APN
    R345161
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Zoned

    Building Details

    Year built
    1976
    Number of units
    10
    Roof type
    Composition

    ReMax Integrity (541) 302-4896 [email protected]

    Listing agent Delene Myers (541) 791-2000

    Listing date Dec 2, 2025

    MLS# 797693868 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport 10-Unit Apartment Complex

    This well-maintained 10-unit apartment complex is located in the heart of Newport. Each unit includes one bedroom and one bathroom, a refrigerator, an electric range/stove, and a private back deck. The property provides six covered carports and four additional parking spaces. An on-site laundry facility is available for tenants. The property also includes three storage spaces, with dimensions of 17'x28', 8'x12', and 8'x9'. The complex is located a few blocks from Nye Beach. Water and garbage services are included in the rent. The property has a history of full occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.05178
    Latitude
    44.641622

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-unit apartment complex in the heart of Newport.
    Where is this apartment building located?
    The property is located at 166 NE 8Th St Newport, OR.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Proven income-producing property with a 6% cap rate and a strong history of full occupancy.; - Prime location in the heart of Newport, just a few blocks from Nye Beach and coastal amenities.; - Ten well-maintained 1-bedroom, 1-bathroom units, each with a refrigerator, electric range/stove, and private back deck.
    (541) 791-2000
    Request Owner's contact information
    166 NE 8Th St Newport, OR 97365
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    Newport, OR 97365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    166 NE 8Th St Newport, OR 97365
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