10-Unit Apartment
For Sale
$1,400,000
166 Northeast 8th Street, Newport, OR 97365
C1-zoned multifamily property with private decks, covered parking, storage, and on-site laundry.
Property Size775 SF
Price / SF$1,806
Days on Market372
Property Features for 166 Northeast 8th Street
General Information
Standard status
Active
Size
775 SF
Total Parking Spaces
10
Property subtype
Multi Family
Zoning
C1
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Additional Details
Cap Rate
6%
Taxes and HOA fees
Annual Taxes
$9,938
Amenities
on-site laundry facility
private back deck
storage spaces
Composition
Vinyl Siding
Building Details
Year Built
1976
Listing Agency:
RE/MAX Integrity
(541) 918-4036
Listed By:
Delene Myers · License #200903044
(541) 918-4036
Source:
Compass
Added: Aug 26, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Integrity
Investment Insights
Based on property information with market context.
This 10-unit apartment property in Newport was built in 1976 and includes ten 1-bedroom, 1-bathroom residences. Each unit is equipped with a refrigerator and electric range/stove, along with a private back deck. The property also provides an on-site laundry facility, six covered carports, four additional parking spaces, and three storage areas measuring 17'x28', 8'x12', and 8'x9'.
Located a few blocks from Nye Beach, the property is within Newport and offers a central coastal setting. Water and garbage services are included in rent. The property has a 6% cap rate and a documented history of full occupancy.
Located a few blocks from Nye Beach, the property is within Newport and offers a central coastal setting. Water and garbage services are included in rent. The property has a 6% cap rate and a documented history of full occupancy.
Key Highlights
- 10‑unit apartment property with 1‑bedroom, 1‑bathroom units
- Each residence includes a refrigerator, electric range/stove, and private back deck
- Six covered carports plus 4 additional parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - C1-zoned multifamily property with private decks, covered parking, storage, and on-site laundry.
Where is this apartment building located?
The property is located at 166 Northeast 8th Street 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: 10‑unit apartment property with 1‑bedroom, 1‑bathroom units; Each residence includes a refrigerator, electric range/stove, and private back deck; Six covered carports plus 4 additional parking spaces
