About This Home

This 6-bedroom, 4-bathroom multi-family at 246 NE 3rd Street in Newport, OR is listed for $795,000 ($266 per sqft). Built in 1978, the home offers 2,992 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1978
  • 0.11 acre lot
  • 2 stories
  • 4 parking spaces

Property Details

2 stories
4 full
4 spaces
1978
Listing Description

Exceptional opportunity to own a cash-flowing 4-plex featuring a highly desirable, easy-to-rent unit mix. This well-maintained residential income property comprises two spacious 2-bedroom units and two comfortable 1-bedroom units, perfectly catering to a wide variety of coastal tenants. Totaling 2,984 sq. ft. of living space, the building is situated on a low-maintenance lot.

Monthly Cost Estimate

$4,252/mo

20% down · 6.5% · 30 years

Principal$575
Interest$3,445
Insurance$232

Estimates only. Actual payments may vary.

Location

246 NE 3rd Street

Newport, OR 97365

Fredericksburg

Property Details

Flooring

VinylTileCarpet

Construction

T1-11 Type Wood Frame

Parking

On Street

Heating

Electric (Heating)

Appliances

DishwasherElectric RangeRefrigeratorWater HeaterDishwasherElectric RangeRefrigeratorWater Heater

Questions & Answers

This 6-bedroom, 4-bathroom multi-family at 246 NE 3rd Street is listed at $795,000 ($266/sqft). The estimated monthly payment is $4,252 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1978, 0.11 acre lot, 2 stories, 4 parking spaces.

This property is listed by Michael T Burkhard.

MB

Michael T Burkhard

License 201235321

Agent at Martek Real Estate

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

MLS# 26-2681· Source: Oregon Coast MLS· 26 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.

246 NE 3rd Street, Newport, OR 97365

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