Multifamily Property with Ocean
565/563 SW 4th ST, Newport, OR 97365
For Sale
New
$749,900
Two separate residences offer distinct layouts, including a cottage with its own deck.
Property Size2,630 SF
Price / SF$285.13
Days on Market5
Property Features for 565/563 SW 4th ST
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
ocean views
private decks
Building Details
Year Built
Buildings
Listing Agency:
Lovejoy Real Estate
Listed By:
The Amanda Hoff Group
(360) 521-3789
Source:
Theamandahoffgroup
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 6:56AM
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 Lovejoy Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Newport property includes two residences totaling 2,630 square feet. The two-story primary home measures 1,836 square feet and has three bedrooms, two bathrooms, and an oversized three-car garage. A bedroom or office on the lower level has a separate exterior entrance. The second residence is a single-level, 794-square-foot cottage with two bedrooms, one bathroom, and a private deck. Both homes have ocean views and private decks.
At 565/563 SW 4th St, the property sits directly across from the oceanfront in Newport’s Nye Beach District. Beach access, restaurants, and shops are nearby.
At 565/563 SW 4th St, the property sits directly across from the oceanfront in Newport’s Nye Beach District. Beach access, restaurants, and shops are nearby.
Key Highlights
- Two residences totaling 2,630 square feet
- Primary home: 1,836 square feet, three bedrooms, two bathrooms, and an oversized three‑car garage
- Lower‑level bedroom or office has a separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,566
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,320
$451.3K
Cap Rate 7%
$322,371
$322.4K
Cap Rate 9%
$250,733
$250.7K
Market Conditions
NOI Build-Up for 2,630 SF
Gross rent
$42.6K $16.20/SF
− Vacancy
−$1.6K −$0.60/SF
EGI
$41.0K $15.60/SF
− OpEx
−$18.5K −$7.02/SF
NOI
$22.6K $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%
$451,320
Cap Rate 7%
$322,371
Cap Rate 9%
$250,733
Alternative Uses
Best Use
Apartment 5plus
$322.4K
$282.1K – $376.1K
NOI $22,566 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$686.0K
$600.2K – $800.3K
NOI $48,019 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,309
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
$418,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Lincoln County, OR
Properties on Market for Multifamily properties in Lincoln County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate residences offer distinct layouts, including a cottage with its own deck.
Where is this multifamily property located?
The property is located at 565/563 SW 4th ST Newport, OR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two residences totaling 2,630 square feet; Primary home: 1,836 square feet, three bedrooms, two bathrooms, and an oversized three‑car garage; Lower‑level bedroom or office has a separate exterior entrance
