MLS# 24231183 – 231 Nw 3rd 1-3 St, Newport, OR 97365 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Realty One Group At The Beach.

Property Description

Description

6 Units

Status: Active

Year Built: 1997

Days on Website: 105

Investor's Dream! This is one of the two triplexes available?each with a 3x2 and two 2x1 units. Enjoy ample parking, short proximity to the ocean, and Nye Beach's shopping and dining. Ideal proximity to Newport Performing Arts Center, groceries, parks, the post office, library, and more. Out of the tsunami zone. Recent remodels including painting, flooring, and appliances, offer a fresh appeal. Multiple investment opportunities. Lincoln County's lack of affordable housing makes this a lucrative investment. Newly established HOA, complete with 8/2021 structural condition report, condo conversion assessment and reserve study. All this for $799,000!!! Received quotes from two property management firms who assessed that the 2x1s could lease between $1600 to $1900 and the 3 bedrooms from $1800 to $2400.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Built in 1997

Storage:

Deck

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

Slab

Water Features

Waterfront Features:

Other

Waterfront Property

Heating

Heating Available

Heating:

Zoned

Listing

Contract Status Change Date:

2024-01-17

Days On Market:

104

Last Transaction Date:

2024-04-04 14:19:05

List Price:

$799,000

Listing Contract Date:

2024-01-17

Listing Id:

24231183

Mls Status:

Active

Modification Timestamp:

2024-04-04 14:19:05

On Market Date:

2024-01-17

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_200

County Or Parish:

Lincoln

Lot

Features:

Commons

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Parking

Features:

Garage,Open

4 total parking spots

Property

Number Of Units Total:

Property View

Zoning:

R-4

Schools

High School:

Newport

Middle Or Junior School:

Newport

Elementary School:

Sam Case

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,705

Legal Description

Tax Year:

2023

Unit One

Area:

1121

Features:

HardwoodFloors,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Area:

779

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Area:

779

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$799,000 -

231 Nw 3rd 1-3 St Newport , OR 97365

MLS Area Major: _200

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 1:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.