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4 Beds
3 Baths
1,695 sqft

$525,000

16 NW Brook Street, 1, 2, 3, Newport OR, 97365

Price per sqft$309.73
Built in1930
Property size1,695 sqft
Property typeMulti-family

Overview

Active

Listed May 15, 2026

Updated Jul 29

Excellent turnkey income property in the Nye Beach overlay district with a short walk to Nye Beach shops, restaurants and beach access. Unit 3 currently leased long term & 2 vacant and ready for immediate rent at current market rates. Key features & recent updates New roof (2023) Foundation and sewer line repaired; plumbing and insulation with vapor barrier completed Newer windows throughout Units 1 & 3: new LVP flooring and fresh interior paint Unit 3: new stackable washer/dryer and new pellet stove (2025) Water heaters newer in Units 1 & 3 Newer refrigerators in all units Electrical upgrades across ~75% of the property; updated panels in Units 1 & 3 Heating: baseboard heat plus cadet heaters in each unit; Unit 3 also has pellet stove heat Proximity: walking distance to Nye Beach shopping & dining; only a couple blocks to beach access. Great value-add opportunity with recent capital improvements already completed. Contact for rent roll, expenses, vacancy history and to schedule a showing.

$3,493/mo

Est. mortgage payment based on a $525,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26-1319

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$2,000
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of Windermere West Coast Properties

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sand + Cedar Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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