ID #:380936
156 SW Brook St
Newport, OR 97365 
Bedrooms: 10
Bathrooms: 5
Year Built: 1978
Square Feet: 4,000
Min. Down: N/A
Lot Size: 6250
HOA Fees: N/A
Floors: 3
Property Type: Multi-family
Sale Type:None
Subdivision: NYE BEACH

Presented By:

Will Devenport

Phone: 541-961-5779
Inquire About Listing
Share this Listing:

Property Details



Great Nye Beach apartment building with many recent upgrades and lots of upside potential.  Rents are low for area and due to increase.  Cap rate 7%. Always 100% occupied.   

4- 2 bedroom/ 1 bath units
1- 3 bedroom/ 1 bath unit
2 New Coin operated washing machines  (+/- $150 mo.)
New siding, windows, doors, paint, decks, and all dry rot repaired in 2012.
8 year old roof
Gross rents $3050.00 mo.
Low vacancy factor
GREAT ocean views
Two blocks to the ocean
Two blocks to Hwy. 101
Plenty of off street parking
Do not disturb tenants


Property Features:

  • Stove
  • Refrigerator
  • Washer
  • Carpet
  • Smoke Alarms
  • Balcony
  • Attached Parking
  • Laundry Room
  • Stylish

Lot Features:

  • Corner Lot
  • Lot: Level
  • Oversized
  • Sidewalks
  • Street Lights
  • City Lights View
  • Ocean View
  • Rooftops View
  • Water View

Additional Features:

  • Agent Commission Available
For additional information on this property click here.

Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.

License #201231773

Greg Messick
Realty Net, LLC.
Ph: 503-694-7020Fax:(800) 883-6905
5 Centerpointe Drive, Ste 400
Lake Oswego, OR 97035 US
License # 201231773