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Active
    • Price cut: $24K (7/2)
    $525,000

    16 NW Brook St #1-2-3, Newport, OR 97365

    4beds
    1,695sqft
    : 
    $3,564/mo
    Get pre-qualified
    Triplex
    Built in 1930
    -- sqft lot
    $497,300 Zestimate®
    $310/sqft
    $-- HOA

    What's special

    Fresh interior paintNew pellet stoveNewer windows throughoutNew lvp flooring
    Excellent turnkey income property in the Nye Beach overlay district with a short walk to Nye Beach shops, restaurants and beach access. Unit 3 currently leased long term & 2 vacant and ready for immediate rent at current market rates. Key features & recent updates New roof (2023) Foundation and sewer line repaired; plumbing and insulation with vapor barrier completed Newer windows throughout Units 1 & 3: new LVP flooring and fresh interior paint Unit 3: new stackable washer/dryer and new pellet stove (2025) Water heaters newer in Units 1 & 3 Newer refrigerators in all units Electrical upgrades across ~75% of the property; updated panels in Units 1 & 3 Heating: baseboard heat plus cadet heaters in each unit; Unit 3 also has pellet stove heat Proximity: walking distance to Nye Beach shopping & dining; only a couple blocks to beach access. Great value-add opportunity with recent capital improvements already completed. Contact for rent roll, expenses, vacancy history and to schedule a showing.
    73 days
    |
    429
    |
    18
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Deanna Christine Watkins 541-265-5455,

    Windermere West Coast Properties

    Source: OCMLS,MLS#: 26-1319MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard, Pellet Stove
      Cooling
      • None
      Appliances
      • Included: Dryer, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater
      • Laundry: Other
      Features
      • Entrance Foyer, Smart Camera(s)/Recording
      • Flooring: Carpet, Laminate
      • Windows: Double Pane Windows, Window Treatments, Vinyl Frames
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 1,695
      • Total interior livable area: 1,695 sqft
      • Finished area above ground: 1,695
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: On Street
      Features
      • Levels: One
      • Stories: 1
      • Fencing: None
      Lot
      • Size: 4,356 Square Feet
      • Dimensions: 50 x 83.33
      • Features: City Lot
      Details
      • Additional structures: None
      • Additional parcels included: Block 1, Lot 14
      • Parcel number: 111108BB140000
      • Zoning description: R-4 Residential
      • Special conditions: Standard
      • Other equipment: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Triplex
      Materials
      • HardiPlank Type
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1930
      • Major remodel year: 2020

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Separate Meters

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      • Security: Carbon Monoxide Detector(s), Key Card Entry
      • Subdivision: Kellog's Blocks
      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Price per square foot: $310/sqft
      • Annual tax amount: $2,000
      • Date on market: 5/15/2026
      • Listing terms: 1031 Exchange,Cash,Conventional
      • Total actual rent: 640
      • Tenant pays: Electricity
      • Electric utility on property: Yes
      • Road surface type: Asphalt, Paved

        Estimated market value

        $497,300

        $472,000 - $522,000

        $1,948/mo

        Price history

        DateEventPrice
        7/2/2026Price change$525,000-4.4%$310/sqft
        Source: OCMLS #26-1319 Report a problem
        5/15/2026Listed for sale$549,000$324/sqft
        Source: OCMLS #26-1319 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97365

        Getting around

        88 / 100
        Very Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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