




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.
©2026 Lincoln County Board of REALTORS. All rights reserved.