1127 Southwest Abbey Street

Newport, OR 97365

$995,000
Price
7
Beds
5
Baths
4,078 Sq. Ft.
$244 / Sq. Ft.
4,078
Sq. Ft.
$244
per Sq. Ft.

Description

Wonderful opportunity to own a home and three rentals in Newport with a remarkable hilltop location. This 7 bedroom, 5 Bath property is sited above Newports Hospital and the Newport Bayfront, with PANORAMIC VIEWS extending over the bay, bridge and ocean. There are 4 Occupied units with good tenants providing EXCELLENT INCOME and low expenses, and great rental history. This Property is WELL MAINTAINED with a NEW ROOF that is composition on the main house and membrane over the apartments in 2023. Very...Wonderful opportunity to own a home and three rentals in Newport with a remarkable hilltop location. This 7 bedroom, 5 Bath property is sited above Newports Hospital and the Newport Bayfront, with PANORAMIC VIEWS extending over the bay, bridge and ocean. There are 4 Occupied units with good tenants providing EXCELLENT INCOME and low expenses, and great rental history. This Property is WELL MAINTAINED with a NEW ROOF that is composition on the main house and membrane over the apartments in 2023. Very functional with 5 parking spaces, garbage area, laundry room. See photos for layout. Unit A 3/2, Unit B(Ground floor) 1/1 plus den. Unit C 2 bed/1 bath, Unit D Studio. No showings without an accepted offer. Buyer to assume all tenants at close of escrow. Call for more details.
  1. Listed by Audra Powell • Advantage Real Estate • 541-265-2200

Property Details for 1127 Southwest Abbey Street

Style
Cottage, Tri Level
Subdivision
Newport Bayley and Case ADDN
Parking Features
Parking Pad
Zoning
R3
View
Ocean, Territorial
Garage Spaces
.00
Parking Total
.00

Location

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LISTING UPDATED: 02/15/2024 12:38 PM

Property Details for 1127 Southwest Abbey Street

StatusActive
MLS #24498839
Days on Market77
Taxes$7,775 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1935
Lot Size0.22 AC / 9,583 SF
CountyLincoln County

Location

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Building Information for 1127 Southwest Abbey Street

Stories3Year Built1935Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$6,078 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$648

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1127 Southwest Abbey Street

Summary
Location and General Information
  • Accessibility Features: Caregiver Quarters, Main Floor Bedroom Bath
  • Country: US
  • Directions: From SW Coast Highway, right or East on SW Abbey, continue on SW Abbey to top of hill. 1127 SW Abbey
  • Road Surface: Paved
School Information
  • Elementary School: Yaquina View
  • High School: Newport
  • Middle Or Junior School: Newport
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $7,774.91
  • Parcel Number: R45139
  • Parcel Number 2: R47533
  • Tax Legal Description: PROPERTY ID R45139 BAYLEY AND CASE'S ADDN. TO NEWPORT, BLOCK 17,
Property
Lot Information
  • Acres: 0.22
  • Lot Description: Ocean Beach One Quarter Mile Or Less, Sloped
  • Lot Size Square Feet: 9583.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
  • SqFt Source: Assessor
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1935
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cedar, Other
  • Roof Type: Composition, Membrane
Interior Features
  • Basement: Daylight, Separate Living Quarters Apartment Aux Living Unit
  • Foundation Details: Other, Slab
  • Window Features: Double Pane Windows
  • Fireplaces Total: 0
  • SqFt Calculated: 2832
  • SqFt Optional Level: Lower
  • SqFt Optional Level Total: 368
  • SqFt Lower Level Total: 878
  • SqFt Main Level Total: 1808
  • SqFt Upper Level Total: 1024
  • Bedrooms Total: 7
  • Stories: 3
  • Baths Total: 5.0
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Main
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Level: Upper
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Level: Upper
Dining Room
  • Room Description: Dining Room
  • Dining Room Level: Main
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Room Level: Main
Living Room
  • Room Description: Living Room
  • Living Room Level: Main
Baths
  • Baths Lower Level Full: 1
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 1.0
  • Baths Main Level Full: 2
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 2.0
  • Bathrooms Full: 5
  • Baths Partial: 0
  • Total Bathrooms: 5
  • Baths Upper Leve lFull: 2
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 2.0
Amenities
Amenities Information
  • Internet Service Type: Cable, DSL
Multi Family
Multi-Family Information
  • Security Features: None
  • SqFt Approximate Building Total: 4078

Public Records for 1127 Southwest Abbey Street

Taxable ValueLand-Additions-Total-
Tax Record2023$7,280 ($607 / month)
Home Facts
Baths5Total Finished SqFt1,756 SqFtAbove Grade Finished SqFt878 SqFtFinished Basement SqFt878 SqFtLot Size4,792 SqFtStyleQuadraplexYear Built1935ZoningR-3;MEDIUM DECountyLINCOLNAPN11-11-08-CA-09900-00Fireplace TypeHas Fireplace

Schools near 1127 Southwest Abbey Street

This home is within Lincoln County School District.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Sam Case Elementary
Public3 to 5

Newport Middle School
Public6 to 8

Newport High School
Public9 to 12

Sam Case Elementary School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1127 Southwest Abbey Street is a single family home for sale in Newport, OR 97365. This property was listed for sale on February 15, 2024 by Advantage Real Estate, it's currently listed at $995,000. This listing's school district is Lincoln County School District. Nearby schools include Sam Case Elementary, Newport Middle School and Newport High School. 1127 Southwest Abbey Street is a 7-bed, 5-bath, 4,078 sqft single family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advantage Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 02/15/2024 12:38 PM