Listing Agency: Mishey Real Estate

Listed By: Woody Ouderkirk · License #890400094 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Sep 2 at 12:39AM

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Investment Insights

Based on property information with market context.

This apartment complex contains 11 units and includes on-site parking. The property is located at 324 N Coast Highway in Newport, Oregon, with access from the highway. Its existing multifamily configuration provides a clear residential income property profile.

Key Highlights

• 11‑unit apartment complex
• On‑site parking
• Located at 324 N Coast Highway, Newport, OR 97365

Property Analytics

Property Profile

Current Use

Tripz Oregon Physician Verizon Mobile Phone Store A Perfect Peace Big Box & Wholesale Store Malcolm Lynch Tattoos Tattoo & Piercing Shop God’s Living Heart Church

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service Locksmith Parking Lot & Garage Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11

Residential units

Location Intelligence

Trade Area within ½ mile

1,471

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment property offering on-site parking and direct access from N Coast Highway.

Where is this apartment building located?

The property is located at 324 N Coast Hwy Newport, OR.

What are key features of this property?

This property features: 11‑unit apartment complex; On‑site parking; Located at 324 N Coast Highway, Newport, OR 97365