Triplex with Recent
For Sale
$485,000
16 NW Brook Street, Newport, OR 97365
Residential Income, Newport, OR
Property Size1,695 SF
Lot Size0.10 Acres
Price / SF$286.14
Days on Market168
Property Features for 16 NW Brook Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-4 Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3
Parking
1
Parking features
On Street
Window features
Double Pane Windows, Window Treatments, Vinyl Frames
Interior features
Entrance Foyer, Smart Camera(s)/Recording
Appliances
Dryer, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater, Dryer, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater
Subdivision
Kellog's Blocks
Lot features
City Lot
Elementary school district
Lincoln County School District
Middle school district
Lincoln County School District
High school district
Lincoln County School District
Directions
Hwy 101, West on Olive Street, North on Brook Street, 2nd property on Right
Standard status
Active
APN
111108BB-1400-00
Size
1,695 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2000
Utilities
Sewer type
Public Sewer
Heating system
Pellet Stove, Baseboard
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
3
Flooring type
Carpet, Laminate
Building materials
HardiPlank Type
Roof type
Composition
Listing Agency:
Windermere West Coast Properties
Listed By:
Deanna Christine Watkins · License #200804085
(541) 265-5455
Added: May 15
Changed: Oct 29
Last Checked: Oct 29 at 8:06PM
MLS# 26-1319
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,695-square-foot triplex sits on a 0.10-acre parcel and was built in 1930. One unit has a long-term tenant; the other two are vacant. Recent work includes a 2023 roof, foundation and sewer-line repairs, plumbing and insulation improvements, and electrical upgrades across approximately 75% of the property. Units 1 and 3 have newer windows, water heaters, and updated electrical panels. Unit 3 also has new LVP flooring, interior paint, a stacked washer and dryer, and a pellet stove installed in 2025.
The property is in Newport’s Nye Beach overlay district, within walking distance of nearby shops and restaurants and a few blocks from beach access. It has public water and sewer service, composition roofing, and on-street parking. Heating includes baseboard and cadet heaters in each unit, with a pellet stove also serving Unit 3.
The property is in Newport’s Nye Beach overlay district, within walking distance of nearby shops and restaurants and a few blocks from beach access. It has public water and sewer service, composition roofing, and on-street parking. Heating includes baseboard and cadet heaters in each unit, with a pellet stove also serving Unit 3.
Key Highlights
- Three‑unit property with 1,695 square feet on 0.10 acres
- Built in 1930; R‑4 Residential zoning
- Unit 3 has a long‑term tenant; the other two units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,797
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,940
$315.9K
Cap Rate 7%
$225,671
$225.7K
Cap Rate 9%
$175,522
$175.5K
Market Conditions
NOI Build-Up for 1,695 SF
Gross rent
$23.4K $13.80/SF
− Vacancy
−$823 −$0.49/SF
EGI
$22.6K $13.31/SF
− OpEx
−$6.8K −$3.99/SF
NOI
$15.8K $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%
$315,940
Cap Rate 7%
$225,671
Cap Rate 9%
$175,522
Alternative Uses
Best Use
Multifamily LT 5
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$207.8K
$181.8K – $242.4K
NOI $14,544 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$442.1K
$386.9K – $515.8K
NOI $30,948 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,214
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - R-4 residential zoning and a walkable setting near Nye Beach shops, dining, and beach access.
Where is this triplex located?
The property is located at 16 NW Brook Street Newport, OR.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑unit property with 1,695 square feet on 0.10 acres; Built in 1930; R‑4 Residential zoning; Unit 3 has a long‑term tenant; the other two units are vacant
