2-Unit Duplex with Attached
For Sale
$489,000
1025/1033 NE Avery Street, Newport, OR 97365
Residential Income, Newport, OR
Property Size1,488 SF
Lot Size0.11 Acres
Price / SF$328.63
Days on Market130
Property Features for 1025/1033 NE Avery Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-3 Highway (Heavy) Comme
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Parking features
Garage - Attached
Appliances
Dishwasher, Electric Oven, Refrigerator, Dishwasher, Electric Oven, Refrigerator
Subdivision
Phelps - Newport
Elementary school district
Lincoln County School District
Middle school district
Lincoln County School District
High school district
Lincoln County School District
Directions
From Highway 101 turn east onto NE 10th street, north onto Avery street. Duplex is on the left.
Standard status
Active
APN
111105DB-7601-00
Size
1,488 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3172
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
2
Number of units
2
Flooring type
Wood, Vinyl, Laminate
Building materials
T1-11 Type
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC (Newport)
(541) 264-7220
Listed By:
Michael Kessinger · License #201208522
(415) 342-4851
Added: Jun 22
Changed: Oct 29
Last Checked: Oct 29 at 11:06PM
MLS# 26-1734
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
Built in 1964, this 1,488-square-foot duplex contains two units, each with 2 bedrooms, 1 bathroom, and approximately 744 square feet. Living rooms, kitchens, and bathrooms occupy the main level, with both bedrooms upstairs. Each residence has an attached single-car garage. The property sits on a 0.11-acre lot and has public water and sewer service, baseboard heat, and central air conditioning.
Located at 1025/1033 NE Avery Street in Newport, the property is zoned C-3 Highway (Heavy) Commercial. Beach access is a short distance away across Highway 101. The two-unit layout and commercial zoning are notable features of the property.
Located at 1025/1033 NE Avery Street in Newport, the property is zoned C-3 Highway (Heavy) Commercial. Beach access is a short distance away across Highway 101. The two-unit layout and commercial zoning are notable features of the property.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and approximately 744 square feet
- 1,488‑square‑foot duplex on a 0.11‑acre lot
- Attached single‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,868
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,360
$277.4K
Cap Rate 7%
$198,114
$198.1K
Cap Rate 9%
$154,089
$154.1K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$20.5K $13.80/SF
− Vacancy
−$723 −$0.49/SF
EGI
$19.8K $13.31/SF
− OpEx
−$5.9K −$3.99/SF
NOI
$13.9K $9.32/SF
Area
Lincoln County, OR
Vacancy
3.52%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,360
Cap Rate 7%
$198,114
Cap Rate 9%
$154,089
Alternative Uses
Best Use
Multifamily LT 5
$198.1K
$173.4K – $231.1K
NOI $13,868 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$182.4K
$159.6K – $212.8K
NOI $12,768 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$388.1K
$339.6K – $452.8K
NOI $27,168 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 97365, OR
10,806
Population
6,026
Households
1.8
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
41.5 sq mi
ZIP Area
260
Density / Sq Mi
$60,736
Median Household Income
$30,963
Median Earnings
$1,155
Median Rent
$418,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching homes offer upstairs bedrooms, private garages, and C-3 heavy commercial zoning.
Where is this duplex located?
The property is located at 1025/1033 NE Avery Street Newport, OR.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and approximately 744 square feet; 1,488‑square‑foot duplex on a 0.11‑acre lot; Attached single‑car garage for each unit
