Rare investment opportunity in the heart of Newport with desirable C-3 (Heavy Commercial) zoning! Ideally situated near shopping, dining, schools, and everyday conveniences, this duplex offers excellent income potential and future flexibility. Each unit features 2 bedrooms, 1 bathroom, and approximately 744 square feet of living space. The main level includes a comfortable living room, kitchen, and bathroom, while both bedrooms are privately located upstairs. Each unit also includes its own attached single-car garage, providing valuable storage and parking. Spacious front yards offer room to enjoy the outdoors, and beach access is just a short distance away across Highway 101. Whether you're looking to expand your investment portfolio, occupy one unit while generating rental income from the other, or capitalize on the property's commercial zoning potential, this is an opportunity worth exploring. Please do not disturb the tenants.
Active
$489,000
1025/1033 NE Avery St, Newport, OR 97365
4beds
1,488sqft
MultiFamily
Built in 1964
-- sqft lot
$475,700 Zestimate®
$329/sqft
$-- HOA
What's special
Spacious front yardsAttached single-car garage
- 55 days |
- 407 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Michael Kessinger 415-342-4851,
Premiere Property Group, LLC (Newport)
Source: OCMLS,MLS#: 26-1734
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Refrigerator
Features
- Flooring: Laminate, Vinyl, Wood
- Has basement: No
Interior area
- Total structure area: 1,488
- Total interior livable area: 1,488 sqft
- Finished area above ground: 1,488
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 111105DB760100
- Zoning description: C-3 Highway (Heavy) Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
Materials
- T1-11 Type
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Separate Meters
Community & HOA
Community
- Subdivision: Phelps - Newport
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $329/sqft
- Annual tax amount: $3,171
- Date on market: 7/17/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$475,700
$452,000 - $499,000
$2,260/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $489,000$329/sqft |
Source:  OCMLS #26-1734 Report a problem | ||
| 6/26/2026 | Pending sale | $489,000$329/sqft |
Source: OCMLS #26-1734 Report a problem | ||
| 6/22/2026 | Listed for sale | $489,000+2.9%$329/sqft |
Source: OCMLS #26-1734 Report a problem | ||
| 9/26/2024 | Listing removed | $475,000$319/sqft |
Source: OCMLS #24-2001 Report a problem | ||
| 9/6/2024 | Listed for sale | $475,000+43.9%$319/sqft |
Source: OCMLS #24-2001 Report a problem | ||
| 11/12/2021 | Sold | $330,000-2.7%$222/sqft |
Source: OCMLS #LC-93721 Report a problem | ||
| 9/10/2021 | Pending sale | $339,000$228/sqft |
Source: OCMLS #21-1199 Report a problem | ||
| 7/21/2021 | Price change | $339,000-2.9%$228/sqft |
Source:  OCMLS #21-1199 Report a problem | ||
| 6/17/2021 | Listed for sale | $349,000$235/sqft |
Source: OCMLS #21-1199 Report a problem | ||
| 6/5/2021 | Pending sale | $349,000$235/sqft |
Source: OCMLS #21-1199 Report a problem | ||
| 5/28/2021 | Listed for sale | $349,000$235/sqft |
Source: OCMLS #21-1199 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97365
Nearby schools
GreatSchools rating
- 5/10Sam Case ElementaryGrades: 3-5Distance: 0.3 mi
- 3/10Newport Middle SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Newport High SchoolGrades: 9-12Distance: 0.4 mi
- $415,2004 bd2 ba1.4k sqft1033 NE Avery St, Newport, OR 97365Off Market
- $302,7003 bd1 ba944 sqft140 NE 10th Ct, Newport, OR 97365Off Market
- $351,3003 bd1 ba1.1k sqft208 NE 10th Ct, Newport, OR 97365Off Market
- $332,8002 bd1 ba1k sqft1055 NE Avery St #A, Newport, OR 97365Off Market
- $606,9004 bd2 ba1.8k sqft1012 NE Avery St, Newport, OR 97365Off Market
- $429,0004 bd2 ba1.4k sqft216 NE 10th Ct, Newport, OR 97365Off Market
- $641,500-- bd-- ba8.4k sqft125 NE 10th St, Newport, OR 97365Off Market
- $453,9003 bd2 ba1.4k sqft225 NE 10th St, Newport, OR 97365Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Similar homes
- $525,0003 bd2 ba1.3k sqft317 NE Benton St, Newport, OR 97365For Sale
MLS ID #26-2166, Stacey Clendenin, MORE Realty. OCMLS - $467,0004 bd2 ba1.2k sqft507 NW 12th St, Newport, OR 97365For Sale
MLS ID #26-2203, Hannah Katz, Coldwell Banker Professional Group - Lincoln City. OCMLS - $499,9993 bd2 ba1.9k sqft527 SE John Nye Rd, Newport, OR 97365For Sale
MLS ID #26-2001, Nickolas J Dyer, Premiere Property Group, LLC (Newport). OCMLS - $425,0004 bd2 ba1.7k sqft919 NE Eads St, Newport, OR 97365For Sale
MLS ID #26-816, Michele M Hallmark, Coldwell Banker Professional Group - Newport. OCMLS - $525,0004 bd3 ba1.6k sqft16 NW Brook St #1-2-3, Newport, OR 97365For SaleMLS ID #26-1319, Deanna Christine Watkins, Windermere West Coast Properties. OCMLS
- $499,0003 bd2 ba1.6k sqft2535 NE Big Creek Rd, Newport, OR 97365For SaleMLS ID #26-1826, Michelle Barnes, Taylor & Taylor Realty Company. OCMLS
- $445,0003 bd2 ba1.5k sqft409 NE 4th St, Newport, OR 97365For SaleMLS ID #26-1637, Doretta L Smith, Martek Real Estate. OCMLS
- $530,0004 bd3 ba2.1k sqft536 NE 20th Pl, Newport, OR 97365For SaleMLS ID #26-1215, Deanna Christine Watkins, Windermere West Coast Properties. OCMLS
- $499,0003 bd2 ba1.2k sqft635 SW Elizabeth St, Newport, OR 97365For SaleMLS ID #26-2014, Michele M Hallmark, Coldwell Banker Professional Group - Newport. OCMLS
- $449,0003 bd2 ba1.3k sqft334 NE San Bayo Cir #O, Newport, OR 97365For SaleMLS ID #26-566, Wendy Howerton Birchfield, Windermere West Coast Properties. OCMLS
- $425,0003 bd2 ba1.6k sqft1725 NW Oceanview Dr, Newport, OR 97365For SaleMLS ID #LC-103774, Katherine Scarlett Kier, Advantage Real Estate. OCMLS
- $513,0003 bd2 ba1.3k sqft938 SW 11th St, Newport, OR 97365For SaleMLS ID #26-1779, Sara Bell, Premiere Property Group, LLC (Newport). OCMLS
- $549,0003 bd3 ba1.7k sqft540 NW 56th St, Newport, OR 97365For SaleMLS ID #26-1658, Amy Graham, Taylor & Taylor Realty Company. OCMLS
- $470,0003 bd2 ba1.6k sqft192 NW 58th St, Newport, OR 97365For Sale
MLS ID #842194, DEVON RAWLES, Lincoln Homes Inc.. WVMLS - $530,0002 bd2 ba1.2k sqft1621 NE Yaquina Heights Dr, Newport, OR 97365For SaleMLS ID #26-1429, Makennah P Warner, Elkhorn Real Estate. OCMLS
- $370,0002 bd3 ba1.2k sqft425 NW Brook St APT 2, Newport, OR 97365For SaleMLS ID #26-2100, Elise L Jordan, Advantage Real Estate. OCMLS
- $428,0002 bd2 ba1.1k sqft3250 NW Oceanview Dr APT 18, Newport, OR 97365For SaleMLS ID #26-1466, Laura Allen, Redfin. OCMLS
- $340,0005 bd2 ba1.1k sqft214 SE 1st St, Newport, OR 97365For SaleMLS ID #26-893, Patricia Patrick-Joling, Dolphin Real Estate, LLC. OCMLS
- $685,0003 bd2 ba1.7k sqft561 W Olive St, Newport, OR 97365For SaleMLS ID #843292, STACEY CLENDENIN, More Realty. WVMLS
- $475,0003 bd2 ba1.4k sqft3020 Yasek Loop, Toledo, OR 97391For Sale By Owner
