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    4283 Yaquina Bay Rd Newport, OR 97365

    For Sale
    $775,000

    MULTI_FAMILY - Other - Newport, OR

    Property size:
    5,022 SF
    Lot size:
    3.86 Acres
    Days on Market:
    63
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 4283 Yaquina Bay Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RR-2 Rural 2 acre
    Rooms
    Bathroom 6, Bedroom 5, Bedroom 7, Bedroom 13, Bedroom 12, Bathroom 2, Bathroom 4, Bedroom 9, Bedroom 1, Bathroom 5, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 11, Bedroom 8, Bedroom 10, Bathroom 1, Bedroom 4, Bathroom 3
    Bedrooms
    13
    Bathrooms
    6
    APN
    111122D0-201-00
    Parking
    15
    Patio and Porch features
    Deck
    Interior features
    Flat
    Size
    5,022 SF
    Lot size
    3.86 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Year built
    1964
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Wood, Carpet
    Building materials
    Vinyl Siding, Cedar, T1-11
    Roof type
    Metal, Composition
    Architectural style
    Other

    Martek Real Estate (541) 961-6688 [email protected]

    Listing agent Doretta L Smith

    Listing date Oct 13, 2025

    MLS# 25-1659 Listing URL

    Copyright © 2025 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Yaquina River View Investment Property

    This multi-property parcel, situated just outside Newport, presents a multi-unit investment opportunity with views of the Yaquina River. The 3.86-acre property offers solid income potential and practical infrastructure. It features two wells and three septic systems. The setup includes two detached stick-built homes, each with 2 bedrooms and 1 bathroom; one of the homes includes an attached garage. Additionally, there is a 4-unit building with river views, accompanied by two garages and two carports for tenant parking. The land comprises a mix of forest, open grassy areas, and a year-round creek, creating a private setting. The property is zoned RR-2 Rural 2 acre. The property offers flexibility to live in one unit and rent out the others, or operate the entire property as a fully leased investment portfolio. The property is suitable for generating consistent rental income with room for growth. The total property size is 5022 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Spa & Massage Auto Repair Shop Hotel & Motel Storage Facility Accounting Firm Bar & Pub Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.008189
    Latitude
    44.600201

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    FAQs

    What type of property is this?
    Apartment building - Multi-unit property with river views, income potential, and room for growth.
    Where is this apartment building located?
    The property is located at 4283 Yaquina Bay Rd Newport, OR.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Solid income potential with existing multi-unit setup (two houses, four-unit building).; - Yaquina River views enhance property appeal and rental value.; - Enjoy 3.86 acres with a mix of forest, open areas, and a year-round creek, providing a private setting.
    (541) 961-6688
    Request Owner's contact information
    4283 Yaquina Bay Rd 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
    4283 Yaquina Bay Rd Newport, OR 97365
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