637 9Th St Newport, OR 97365
- Residential income homes
- 7,560 SF
Current Use by Public Records
- Residential income homes
Property Details for 637 9Th St
- Year built
- 1992
- Property size
- 7,560 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a six-unit multifamily property located at 637 SW 9th Street, Newport, Oregon, 97365. The property sits on a 12,632.4 square foot lot and boasts a total of 7,560 square feet of living space. Built in 1992, the complex features five two-bedroom, one-bathroom units and one larger three-bedroom, two-bathroom unit with washer/dryer hookups. A convenient coin-operated laundry is available for the five smaller units. Exterior features include durable Hardi-Plank siding, recently refreshed with a complete repaint in 2023. Significant upgrades include garage roof replacements (2023) and a main roof replacement approximately 5-7 years prior. Ample parking is provided by nine garages: eight single-stall and one oversized stall. Interior finishes vary, including carpet, linoleum, and some units upgraded with luxury vinyl plank flooring. Currently fully occupied, this turnkey investment is poised for immediate returns. The asking price is $1,325,000. Note: Showings are by appointment only after an accepted offer.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.0591782
- Latitude
- 44.6304128
