Well-Kept Six-Plex
For Sale
$1,300,000
550 Southwest 3rd Street, Newport, OR 97365
For sale sixplex with reported strong rental performance and some ocean view potential.
Property Size100 SF
Price / SF$13,000
Days on Market103
Property Features for 550 Southwest 3rd Street
General Information
Standard status
Active
Size
100 SF
Property subtype
Residential Income / Multi Family
Zoning
R-3 Residential
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$10,792
Amenities
No
Baseboard, Electric
Carpet, Laminate
Dishwasher, Electric Oven, Refrigerator
Yes
1
2
Partial
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Mishey Real Estate
(541) 265-2281
Listed By:
Woody Ouderkirk · License #890400094
(541) 265-2281
Source:
Compass
Added: May 14
Changed: Aug 23
Last Checked: Aug 21 at 11:07PM
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 Mishey Real Estate
Investment Insights
Based on property information with market context.
This well-kept six-plex multifamily property offers a straightforward rental building configuration with multiple residential units under one ownership. The property is described as well maintained, and the units include some ocean views, adding an appealing residential feature.
Located at 550 SW 3rd Street in Newport, Oregon, the building is positioned in the city for day-to-day accessibility. The listing notes a good rental history, which can be an important consideration for buyers seeking an income-producing residential property.
As a for-sale apartment building, this sixplex may fit investors and owner-operators looking for a small, manageable multifamily asset. With ocean views noted in the offering and an established rental performance history reported by the seller, it provides a practical option for those evaluating residential income opportunities. Buyers are encouraged to review unit-level details, current lease terms, and any condition information during due diligence.
Located at 550 SW 3rd Street in Newport, Oregon, the building is positioned in the city for day-to-day accessibility. The listing notes a good rental history, which can be an important consideration for buyers seeking an income-producing residential property.
As a for-sale apartment building, this sixplex may fit investors and owner-operators looking for a small, manageable multifamily asset. With ocean views noted in the offering and an established rental performance history reported by the seller, it provides a practical option for those evaluating residential income opportunities. Buyers are encouraged to review unit-level details, current lease terms, and any condition information during due diligence.
Key Highlights
- Six‑plex built in 1973
- Some ocean views reported
- Good rental history reported
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,234
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 - For sale sixplex with reported strong rental performance and some ocean view potential.
Where is this apartment building located?
The property is located at 550 Southwest 3rd Street Newport, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Six‑plex built in 1973; Some ocean views reported; Good rental history reported
