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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
48
Photos
7
beds
5
baths
4,078
sqft
Built in
1935
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.
Features & Amenities
Interior
- Basement:
- Daylight, Separate living quarters apartment aux living unit
- A/C:
- None
- Heating:
- Baseboard, Wall heater
- Fireplace:
- Fireplaces: 0
- Disability Feature:
- Caregiver quarters, Main floor bedroom bath
Exterior
- General:
- Cedar, Other
- Style:
- Cottage, Tri level
- Parking:
- Parking pad, Parking spaces: 0
Construction
- Roofing:
- Composition, Membrane
- Windows:
- DoublePaneWindows
- General:
- Other, Slab
Location
- Road/Access:
- Paved
- Originating MLS:
- Regional Multiple Listing Service, Inc.
- County:
- Lincoln
Lot
- Zoning:
- R3, PROPERTY ID R45139 BAYLEY AND CASE'S ADDN. TO NEWPORT, BLOCK 17,, R45139
- View:
- View
Utilities
- Water:
- Public Water
- Sewer:
- Public Sewer
Financial
- Source:
- Regional Multiple Listing Service, Inc.
This listing courtesy of:
Advantage Real Estate, Audra Powell
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Newport, OR
Housing
- Number of Units
- 4,719
- Median Home Value
- $276,429
- Median Rent
- $918
36.31% of housing units are renter occupied.
17.67% are vacant.
Commute
- Car
-
79.81%
- Public Transportation
-
0.91%
- Walk to Work
-
4.27%
- Work from Home
-
12.97%
- Other
-
1.51%
The median travel time to work is 14 minutes.
People
- Population
- 8,529
- Median Age
- 44.50
- Median Household Size
- 2.51
Education
- High School
-
25.38%
- Associate’s Degree
-
8.96%
- Bachelor’s Degree
-
19.44%
- Graduate Degree
-
10.19%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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