• Asking Price $359,000
  • Estimated Value: $455,000
  • Get Financing
  • HOT 156 SW Brook St Newport, OR 97365

  • 10 Beds 5 Baths 4,000 SqFt
  • Multi-family (2-4 units) / For Sale by Owner

Property Details for 156 SW Brook St, Newport, OR 97365


  • Price/sqft: $89
  • Lot Size: 6250


  • Year Built: 01/01/1978
  • Property ID: 393770838
  • Parcel Number: R272419
  • Property Type: Multi-family (2-4 units)
  • County: Lincoln


This property is offered for sale directly by the owner. For Sale By Owner homes, also known as FSBOs, can be a good buying opportunity, because the owner will save up to 6% when there are no brokers involved in the transaction. This leaves more room for price negotiation and potential buyer savings.

This listing is NOT a foreclosure. 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 units1- 3 bedroom/ 1 bath unit2 New Coin operated washing machines (+/- $150 mo.)New siding, windows, doors, paint, decks, and all dry rot repaired in 2012.8 year old roofGross rents $3050.00 mo.Low vacancy factorGREAT ocean viewsTwo blocks to the oceanTwo blocks to Hwy. 101Plenty of off street parkingDo not disturb tenants

Hot Homes

Bargain Price Bargain Buy - Save Over 20% The Asking Price for this home is at least 20% below the Estimated Value. Buying a home at a price below the market value can save thousands of dollars and create wealth in home equity faster.

Fixer Upper Fixer Upper This property notes certain work may be necessary to improve its condition. Fixer Upper homes may be priced lower than normal so buyers can invest money on improvements. This provides great opportunity to build equity and create a dream home.

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