About This Home

This 0-bedroom, 11-bathroom commercial at 213 NE 7th Street in Newport, OR is listed for $1,950,000 ($122 per sqft). Built in 1990, the home offers 15,944 sqft of living space on a 0.33 acres lot.

Key Features

  • Built in 1990
  • 0.33 acre lot
  • 3 stories

Property Details

3 stories
11 full
10-car garage
1990
Listing Description

Established 10-unit multifamily investment property in the heart of Newport, designed for investors seeking scale, tenant appeal, and long-term income potential. Centrally located near shopping, services, employment centers, and the amenities that support year-round rental demand, this well-maintained property features nine 2-bedroom units and one 3-bedroom unit, offering a unit mix that appeals to a broad range of tenants.

A standout feature is the inclusion of off-street garages for every unit-an amenity not commonly found in many multifamily properties and one that can contribute to tenant satisfaction and retention. Situated on a corner lot with public utilities and easy access throughout Newport, the property has been professionally maintained and offers a straightforward ownership opportunity for investors seeking an established asset rather than a major renovation project.

Monthly Cost Estimate

$10,429/mo

20% down · 6.5% · 30 years

Principal$1,410
Interest$8,450
Insurance$569

Estimates only. Actual payments may vary.

Location

213 NE 7th Street

Newport, OR 97365

Phelps - Newport

Property Details

Parking

Garage - Attached

Heating

Electric (Heating)

Questions & Answers

This 0-bedroom, 11-bathroom commercial at 213 NE 7th Street is listed at $1,950,000 ($122/sqft). The estimated monthly payment is $10,429 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1990, 0.33 acre lot, 3 stories.

This property is listed by Doretta L Smith.

DS

Doretta L Smith

License 200707030

Agent at Martek Real Estate

Listed by Martek Real Estate · Broker phone: (541) 961-6688 · Broker website

MLS# 26-1511· Source: Oregon Coast MLS· 154 days on PropertySimple

Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

213 NE 7th Street, Newport, OR 97365

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