637 9Th StNewport, OR 97365

Property Details for 637 9Th St

Year built

1992

Property size (Sq ft)

7,560 SF

Property type

Land

Property subtype

Residential income homes

Description

This exceptional investment opportunity presents a six-unit multifamily property located at 637 SW 9th Street, Newport, Oregon, 97365. The property sits on a 12,632.4 square foot lot and boasts a total of 7,560 square feet of living space. Built in 1992, the complex features five two-bedroom, one-bathroom units and one larger three-bedroom, two-bathroom unit with washer/dryer hookups. A convenient coin-operated laundry is available for the five smaller units. Exterior features include durable Hardi-Plank siding, recently refreshed with a complete repaint in 2023. Significant upgrades include garage roof replacements (2023) and a main roof replacement approximately 5-7 years prior. Ample parking is provided by nine garages: eight single-stall and one oversized stall. Interior finishes vary, including carpet, linoleum, and some units upgraded with luxury vinyl plank flooring. Currently fully occupied, this turnkey investment is poised for immediate returns. The asking price is $1,325,000. Note: Showings are by appointment only after an accepted offer.

Location Insight

City

Newport

County

Lincoln

State

Oregon

Latitude

44.6304

Longitude

-124.059

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