5-Plex Apartment
For Sale
$739,900
177 NW 6th Street, Toledo, OR 97391
MULTI_FAMILY - Other - Toledo, OR
Property Size4,899 SF
Lot Size0.33 Acres
Price / SF$151.03
Days on Market493
Property Features for 177 NW 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-G Residential, General
Bedrooms
11
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 9, Bedroom 11, Bedroom 10, Bathroom 2, Bathroom 7, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 6, Bedroom 7, Bedroom 4, Bathroom 3, Bedroom 1
Parking
10
Interior features
Vaulted Ceiling(s)
Appliances
Electric Oven, Electric Range, Refrigerator, Water Heater
Subdivision
Toledo Townsite
Directions
From Newport 5 miles east to US 20 Business exit by Dairy Queen, left at the light onto NW A St, 1 Block take right. 5 unit apartments is on the right.
Standard status
Active
APN
111008CC-13000-00
Size
4,899 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5911
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating), Wall Furnace
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
5
Flooring type
Vinyl, Carpet
Building materials
T1-11 Type
Roof type
Composition
Architectural style
Other
Listing Agency:
Realty One Group At The Beach, Newport
(503) 990-7137
Listed By:
Sandra D Matthews · License #910500128
(503) 320-4610
Added: Mar 28, 2025
Changed: Jul 31
Last Checked: Aug 2 at 12:06PM
MLS# LC-103302
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.
Investment Insights
Based on property information with market context.
This five-plex apartment building offers a total of 11 bedrooms and 4,899 square feet. The property includes vaulted ceiling(s) and appliances such as an electric oven, electric range, refrigerator, and water heater. Heating is provided by baseboard, electric heating, and wall furnace systems. Flooring includes vinyl and carpet, and the roof is a composition roof.
Updates are documented across the units, including new vinyl floors, carpet, some kitchen counters, appliances, all new interior doors, and updated bathrooms. The construction materials include T1-11 type. The property connects to public water and public sewer.
The building is located in Toledo, Oregon near Downtown Toledo, parks, the library, the city pool, and the waterfront, with Newport only a few miles away. A home inspection report is available, and the listing notes the property is back on the market twice with no fault by the seller.
Updates are documented across the units, including new vinyl floors, carpet, some kitchen counters, appliances, all new interior doors, and updated bathrooms. The construction materials include T1-11 type. The property connects to public water and public sewer.
The building is located in Toledo, Oregon near Downtown Toledo, parks, the library, the city pool, and the waterfront, with Newport only a few miles away. A home inspection report is available, and the listing notes the property is back on the market twice with no fault by the seller.
Key Highlights
- 5‑plex apartment building with 11 bedrooms and 4,899 SF
- All units updated with new vinyl floors, carpet, interior doors, and updated bathrooms
- Public water and public sewer connections
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.4k | $16.20 |
| − Vacancy | −$2.9k | −$0.60 |
| EGI | $76.4k | $15.60 |
| − OpEx | −$34.4k | −$7.02 |
| NOI | $42.0k | $8.58 |
4,899 SF · lease $16.20/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$600.5K
$525.4K – $700.6K
NOI $42,035 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,447 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 97391, OR
5,610
Population
2,478
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
49
Density / Sq Mi
$57,793
Median Household Income
$35,241
Median Earnings
$1,046
Median Rent
$355,100
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 - 5-plex in R-G zoning with public water and sewer, offering 11 bedrooms across 4,899 SF.
Where is this apartment building located?
The property is located at 177 NW 6th Street Toledo, OR.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 5‑plex apartment building with 11 bedrooms and 4,899 SF; All units updated with new vinyl floors, carpet, interior doors, and updated bathrooms; Public water and public sewer connections
