1127 SW Abbey St Newport, OR 97365
A 7-bedroom, 5-bath, four-unit property that offers a hilltop location in Newport. The property is located near the hospital and Bayfront. Currently, 3 out of the 4 units are rented, providing rental income. The property has been well-maintained, including a new roof installed in 2023, featuring a composition roof on the main building and a membrane roof over the apartments. With 6 parking spaces, a dedicated garbage area, and a shared laundry room, it ensures both convenience and practicality for tenants. The units consist of a spacious 3-bedroom, 2-bath unit, a ground-floor 1-bedroom, 1-bath unit with a den, a 2-bedroom, 1-bath unit, and a studio. Additionally, the sale includes a contiguous 5, 000 square foot lot, offering excellent potential for future development or expansion. Buyer to perform Due Diligence with the City of Newport.Showings will only be scheduled with an accepted offer. Buyer to assume all tenants at close of escrow.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLincoln
- Taxes$7,774
- HOA/Condo/Coop Fees$0
- Days on Site35 Days
- MLS StatusActive
- MLS ID Number24249787
- Home Size Source N/A
- Year Built1935
- Lot Size0.11 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Lot Description Corner Lot
- Construction CedarShake SidingShingle Siding
- Sewer Public Sewer
- Water Public
- Parking Spaces 6
- Parking Features Driveway
- Attached Garage No
Interior Features
- Heating Baseboard
- Foundation Concrete PerimeterOtherSlab
- Stories 3
Exterior Features
- Parking Driveway
- Roof Type Composition
Community Features
- HOA Includes None