Closed

$315,000

118 SW Brook St, Newport, OR 97365

3beds

1baths

995sqft

Single Family Residence

Built in 1915

6,098 Square Feet Lot

$295,200 Zestimate^®

$317/sqft

$2,351 Estimated rent

Home value

$295,200

$248,000 - $354,000

$2,351/mo

Zestimate^® history

Owner options

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$2,351/mo

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$2,351/mo

Rent Zestimate^®

Refinance and save

$1,924/mo

Est. payment

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$1,924/mo

Est. payment

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What's special

Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential—build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot—develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential. Updated electric panel (approx. 3 years ago). Just blocks from shops, restaurants, and the beach. Ocean views from main level—stunning views possible from upper floors. Endless options in a high-demand coastal zone. This is a rare find with major upside in Newport's sought-after Nye Beach District! Buyer to confirm permitted uses, building or remodeling guidelines and restrictions, with the county.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1

Bonus room

Description: Dirt Basement (enter from back of home in NW corner)

Heating

Has Heating (Unspecified Type)

Appliances

Included: Dishwasher, Electric Oven, Electric Range, Refrigerator, Water Heater

Features

Beamed Ceilings, Vaulted Ceiling(s)
Flooring: Carpet, Vinyl, Wood
Windows: Window Treatments
Has basement: Yes

Interior area

Total structure area: 995
Total interior livable area: 995 sqft

Property

Parking

Total spaces: 1
Parking features: Detached Garage, RV Access/Parking
Garage spaces: 1

Features

Levels: Two
Stories: 2

Lot

Size: 6,098 Square Feet
Dimensions: 50' x 125'

Details

Additional structures: None
Parcel number: 111108BB2490000
Zoning description: R-4 Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Pillar/Post/Pier
Roof: Composition

Condition

Year built: 1915

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Not Available, Water Available, Water Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $317/sqft
Tax assessed value: $464,220
Annual tax amount: $2,229
Date on market: 5/27/2025
Listing terms: 1031 Exchange,Cash
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
8/19/2025	Sold	$315,000-3.1%$317/sqft
Source: OCMLS #LC-103890 Report a problem
7/23/2025	Pending sale	$325,000$327/sqft
Source: RMLS (OR) #604735773 Report a problem
7/21/2025	Contingent	$325,000$327/sqft
Source: OCMLS #25-1197 Report a problem
5/27/2025	Listed for sale	$325,000+8.7%$327/sqft
Source: OCMLS #25-1197 Report a problem
2/10/2024	Listing removed	--
Source: OCMLS #23-2137 Report a problem
8/20/2023	Listed for sale	$299,000+149.2%$301/sqft
Source: OCMLS #23-1661 Report a problem
5/15/2019	Sold	$120,000$121/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,209 +2.1%	$127,260 +3%
2024	$2,163 +2.4%	$123,560 +3%
2023	$2,112 +3.2%	$119,970 +3%
2022	$2,047 -1.3%	$116,480 +3%
2021	$2,074 +5.6%	$113,090 +3%
2020	$1,964	$109,800 +3%
2019	--	$106,610 +3%
2018	$1,878	$103,510 +3%
2017	$1,878 +3.1%	$100,500 +3%
2016	$1,822	$97,580 +3%
2015	$1,822 +10.3%	$94,740 +3%
2014	$1,652	$91,990 +3%
2013	$1,652 +9.8%	$89,320 +3%
2012	$1,504 +3.2%	$86,720 +3%
2011	$1,458 +2.6%	$84,200
2010	$1,420 +3.1%	$84,200 +6.1%
2009	$1,377 +1.7%	$79,370
2008	$1,354 +3.5%	$79,370 +6.1%
2007	$1,308	$74,820