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Listed by Taylor & Taylor Realty Co. • 541-994-9111
Bought with Taylor & Taylor Realty Co.
Bought with Taylor & Taylor Realty Co.
$839,000
$889,000 5.6%
Est. payment /mo
9,583 Sqft Lot
Sold on 06/02/2025
1127 SW ABBEY ST Newport, OR 97365
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Key Details
Sold Price $839,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bayley And Case
MLS Listing ID 24249787
Sold Date 06/02/25
Year Built 1935
Annual Tax Amount $7,890
Tax Year 2024
Lot Size 9,583 Sqft
Property Description
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, Fully leased, 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 2-bedroom, 1-bath unit, 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. Please note the property is listed below the RMV with county is $1,050,600 for both tax accounts.
Location
State OR
County Lincoln
Area _200
Zoning R-3
Interior
Heating Baseboard
Exterior
View Bay, Ocean
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter, Other, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Sam Case
Middle Schools Newport
High Schools Newport
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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