231 Northwest 3rd Street

Newport, OR 97365

$799,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor's Dream! This is one of the two triplexes available? each with a 3x2 and two 2x1 units. Enjoy ample parking, short proximity to the ocean, and Nye Beach's shopping and dining. Ideal proximity to Newport Performing Arts Center, groceries, parks, the post office, library, and more. Out of the tsunami zone. Recent remodels including painting, flooring, and appliances, offer a fresh appeal. Multiple investment opportunities. Lincoln County's lack of affordable housing makes this a lucrative...Investor's Dream! This is one of the two triplexes available? each with a 3x2 and two 2x1 units. Enjoy ample parking, short proximity to the ocean, and Nye Beach's shopping and dining. Ideal proximity to Newport Performing Arts Center, groceries, parks, the post office, library, and more. Out of the tsunami zone. Recent remodels including painting, flooring, and appliances, offer a fresh appeal. Multiple investment opportunities. Lincoln County's lack of affordable housing makes this a lucrative investment. Newly established HOA, complete with 8/2021 structural condition report, condo conversion assessment and reserve study. All this for $799,000! Received quotes from two property management firms who assessed that the 2x1s could lease between $1600 to $1900 and the 3 bedrooms from $1800 to $2400.
  1. Listed by Gina Bebek • Realty One Group At The Beach

Property Details for 231 Northwest 3rd Street

Parking Features
Garage, Open
Zoning
R-4
View
Ocean
Parking Total
4.00

Location

Listing Courtesy of Realty One Group At The Beach
Add your commute
LISTING UPDATED: 04/04/2024 02:19 PM

Property Details for 231 Northwest 3rd Street

StatusActive
MLS #24231183
Days on Market107
Taxes$5,705 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1997
Lot Size0.11 AC / 4,791 SF
CountyLincoln County

Location

Listing Courtesy of Realty One Group At The Beach
Add your commute

Building Information for 231 Northwest 3rd Street

Stories2Residences6Year Built1997Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$4,836 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,360

Property Taxes

$475

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 231 Northwest 3rd Street

Summary
Location and General Information
  • Country: US
  • Directions: NW Nye
  • Road Surface: Paved
School Information
  • Elementary School: Sam Case
  • High School: Newport
  • Middle Or Junior School: Newport
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $5,704.86
  • Parcel Number: R534539
  • Tax Legal Description: PROPERTY ID : R534539 ROSE HILL CONDOMINIUMS, LOT BLDG 231 UNIT 21-3
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Commons
  • Lot Size Square Feet: 4791.0
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1997
Utilities
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Waterfront Description: Other
Interior Features
  • Foundation Details: Slab
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $.00
  • Net Income Actual: $.00
  • Operating Expense: $.00
  • Storage: Deck
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Hardwood Floors, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 1121.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 779.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 3 Rent: $0
  • Unit Type 3 SqFt: 779.0
  • Unit Type 3 Units Total: 3

Public Records for 231 Northwest 3rd Street

Taxable ValueLand-Additions-Total-
Tax Record2021$5,540 ($462 / month)
Home Facts
Baths4Total Finished SqFt4,000 SqFtAbove Grade Finished SqFt2,832 SqFtFinished Basement SqFt1,168 SqFtLot Size3,920 SqFtStyleTriplexYear Built1997ZoningR-4;RESIDENTICountyLINCOLNAPN11-11-08-BA-04101-00

Schools near 231 Northwest 3rd Street

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

Newport Middle School
Public6 to 8

Newport High School
Public9 to 12

Sam Case Elementary
Public3 to 5

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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231 Northwest 3rd Street is a multi-family home for sale in Newport, OR 97365. This property was listed for sale on January 17, 2024 by Realty One Group At The Beach, it's currently listed at $799,000. This listing's school district is Lincoln County School District. Nearby schools include Sam Case Elementary School, Newport Middle School and Newport High School. 231 Northwest 3rd Street is a 0-bed, 0-bath, multi-family home built in 1997.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Realty One Group At The Beach

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