# 246 NE 3rd Street, Newport, OR 97365

> **TL;DR:** 6bd/4ba multi-family, $795,000 ($266/sqft), built 1978, 2,992 sqft. Est. $4,252/mo. Listed 28 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $795,000 |
| Price/sqft | $266 |
| Bedrooms | 6 |
| Bathrooms | 4 full |
| Square Feet | 2,992 |
| Year Built | 1978 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Quadruplex) |
| Status | Active |
| Days on Market | 28 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,020 |
| Estimated Insurance | $232 |
| **Total** | **$4,252** |

## Property Highlights

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

## Description

### Agent 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.

## Location

- **Address:** 246 NE 3rd Street, Newport, OR 97365
- **County:** Lincoln
- **Neighborhood:** Fredericksburg
- **Coordinates:** 44.637872, -124.049811
- **Google Maps:** https://www.google.com/maps?q=44.637872,-124.049811

## Listing Agent

- **Name:** Michael T Burkhard · **License:** 201235321
- **Brokerage:** Martek Real Estate
- **Broker Phone:** (541) 961-6688
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/246-NE-3rd-St_Newport_OR_97365_M19884-12270?f=listhub&s=LCMLSOR-26&m=2681&c=propsimple)

## Photos

![246 NE 3rd Street - Photo 1](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1295080161r.jpg)

![246 NE 3rd Street - Photo 2](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f925945253r.jpg)

![246 NE 3rd Street - Photo 3](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2815110930r.jpg)

![246 NE 3rd Street - Photo 4](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3776798539r.jpg)

![246 NE 3rd Street - Photo 5](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3685158448r.jpg)

![246 NE 3rd Street - Photo 6](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2986439050r.jpg)

![246 NE 3rd Street - Photo 7](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3967736829r.jpg)

![246 NE 3rd Street - Photo 8](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3522495343r.jpg)

![246 NE 3rd Street - Photo 9](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3036865440r.jpg)

![246 NE 3rd Street - Photo 10](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2169317607r.jpg)

![246 NE 3rd Street - Photo 11](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f421624835r.jpg)

![246 NE 3rd Street - Photo 12](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f483017209r.jpg)

![246 NE 3rd Street - Photo 13](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1386187780r.jpg)

![246 NE 3rd Street - Photo 14](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2254420504r.jpg)

![246 NE 3rd Street - Photo 15](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2956763316r.jpg)

![246 NE 3rd Street - Photo 16](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1042407326r.jpg)

![246 NE 3rd Street - Photo 17](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1295586677r.jpg)

![246 NE 3rd Street - Photo 18](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f119806413r.jpg)

![246 NE 3rd Street - Photo 19](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f497549741r.jpg)

![246 NE 3rd Street - Photo 20](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2386992036r.jpg)

![246 NE 3rd Street - Photo 21](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1172907433r.jpg)

![246 NE 3rd Street - Photo 22](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3010612795r.jpg)

![246 NE 3rd Street - Photo 23](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2658018772r.jpg)

![246 NE 3rd Street - Photo 24](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1994063448r.jpg)

![246 NE 3rd Street - Photo 25](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2781027905r.jpg)

![246 NE 3rd Street - Photo 26](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f3556762917r.jpg)

![246 NE 3rd Street - Photo 27](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1315582288r.jpg)

![246 NE 3rd Street - Photo 28](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f364197887r.jpg)

![246 NE 3rd Street - Photo 29](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f1060320055r.jpg)

![246 NE 3rd Street - Photo 30](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f2803698925r.jpg)

![246 NE 3rd Street - Photo 31](http://lh.rdcpix.com/32a45e81b6fa421f103ef5dd68f045b6l-f808797687r.jpg)

---

**MLS#:** 26-2681 | **Updated:** 2026-11-01
**Source:** listhub

*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.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/246-ne-3rd-street-newport-or-97365-a7365e17f71c48e8aea75e6d224419a3)

---

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