5-Unit Apartment
For Sale
$739,900
Pending
177 NW 6th Street, Toledo, OR 97391
Residential Income, Toledo, OR
Property Size4,899 SF
Lot Size0.33 Acres
Days on Market584
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 4, Bedroom 6, Bedroom 8, Bathroom 5, Bedroom 11, Bathroom 6, Bedroom 5, Bedroom 10, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 9, Bathroom 3, Bedroom 4, Bathroom 7
Parking
10
Interior features
Vaulted Ceiling(s)
Appliances
Electric Oven, Electric Range, Refrigerator, Water Heater, 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
Pending
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
Wall Furnace, Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
5
Flooring type
Carpet, Vinyl
Building materials
T1-11 Type
Roof type
Composition
Architectural style
Other
Buildings
1
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: Oct 30
Last Checked: Nov 1 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains 11 bedrooms within 4,899 square feet on a 0.33-acre parcel. The apartments are currently vacant. Interior work includes vinyl flooring and carpet, updated bathrooms, replacement interior doors, and improvements to select kitchen counters and appliances. Vaulted ceilings are among the interior features, and parking is available for each unit.
Built in 1950, the property is zoned R-G Residential, General. Public water and sewer serve the site. The property is in Toledo near downtown, parks, the library, the city pool, and the waterfront; Newport is a few miles away.
Built in 1950, the property is zoned R-G Residential, General. Public water and sewer serve the site. The property is in Toledo near downtown, parks, the library, the city pool, and the waterfront; Newport is a few miles away.
Key Highlights
- Five‑unit apartment property with 11 bedrooms
- 4,899 square feet on 0.33 acres
- Apartments are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,035
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,700
$840.7K
Cap Rate 7%
$600,500
$600.5K
Cap Rate 9%
$467,056
$467.1K
Market Conditions
NOI Build-Up for 4,899 SF
Gross rent
$79.4K $16.20/SF
− Vacancy
−$2.9K −$0.60/SF
EGI
$76.4K $15.60/SF
− OpEx
−$34.4K −$7.02/SF
NOI
$42.0K $8.58/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,700
Cap Rate 7%
$600,500
Cap Rate 9%
$467,056
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.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant apartments feature refreshed interiors and dedicated parking for each unit.
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: Five‑unit apartment property with 11 bedrooms; 4,899 square feet on 0.33 acres; Apartments are vacant
