Corner Lot 10-Unit Multifamily
For Sale
$1,950,000
213 NE 7th Street, Newport, OR 97365
Established 10-unit apartment building with nine 2-bedroom units, one 3-bedroom unit, and off-street garages for every unit.
Days on Market63
Property Features for 213 NE 7th Street
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Multifamily Units
10
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Martek Real Estate
(541) 961-6688
Listed By:
Doretta L Smith · License #200707030
(541) 961-6688
Source:
Martekrealestate
Added: Jun 1
Changed: Jul 24
Last Checked: Aug 1 at 1:17PM
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 Martek Real Estate
Investment Insights
Based on property information with market context.
This established 10-unit multifamily property consists of nine 2-bedroom units and one 3-bedroom unit. A standout feature is that off-street garages are provided for every unit, supporting day-to-day tenant convenience. The property is described as professionally maintained and positioned as an ownership opportunity in place of a major renovation project.
The building sits on a corner lot with public utilities and easy access throughout Newport, OR. It is presented as centrally located near shopping, services, and employment centers.
For investors seeking a straightforward income-oriented asset with an attractive unit mix, the property’s garage amenity and maintained condition are key practical considerations.
The building sits on a corner lot with public utilities and easy access throughout Newport, OR. It is presented as centrally located near shopping, services, and employment centers.
For investors seeking a straightforward income-oriented asset with an attractive unit mix, the property’s garage amenity and maintained condition are key practical considerations.
Key Highlights
- Established 10‑unit multifamily apartment building built in 1990
- Unit mix: nine 2‑bedroom units and one 3‑bedroom unit
- Off‑street garages for every unit
Property Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
941
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 - Established 10-unit apartment building with nine 2-bedroom units, one 3-bedroom unit, and off-street garages for every unit.
Where is this apartment building located?
The property is located at 213 NE 7th Street Newport, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Established 10‑unit multifamily apartment building built in 1990; Unit mix: nine 2‑bedroom units and one 3‑bedroom unit; Off‑street garages for every unit
