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.
Active
Price cut: $24K (7/2)
$525,000
16 NW Brook St #1-2-3, Newport, OR 97365
4beds
1,695sqft
Triplex
Built in 1930
-- sqft lot
$509,700 Zestimate®
$310/sqft
$-- HOA
What's special
Fresh interior paintNew pellet stoveNewer windows throughoutNew lvp flooring
- 118 days
- 338
- 20
Zillow last checked:
Listing updated:
Listed by:
Deanna Christine Watkins 541-265-5455,
Windermere West Coast Properties
Source: OCMLS,MLS#: 26-1319
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
$509,700
$484,000 - $535,000
$1,826/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $525,000-4.4%$310/sqft |
Source:  OCMLS #26-1319 Report a problem | ||
| 5/15/2026 | Listed 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
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Neighborhood: 97365
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