Active

$795,000

246 NE 3rd St, Newport, OR 97365

6beds

2,992sqft

$5,558/mo

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Quadruplex

Built in 1978

-- sqft lot

$757,000 Zestimate^®

$266/sqft

$-- HOA

What's special

Low-maintenance lot

Exceptional opportunity to own a cash-flowing 4-plex featuring a highly desirable, easy-to-rent unit mix. This well-maintained residential income property comprises two spacious 2-bedroom units and two comfortable 1-bedroom units, perfectly catering to a wide variety of coastal tenants. Totaling 2,984 sq. ft. of living space, the building is situated on a low-maintenance lot.

26 days
247
10

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Electric

Cooling

None

Appliances

Included: Dishwasher, Electric Range, Refrigerator, Water Heater

Features

Flooring: Carpet, Tile, Vinyl
Windows: Blinds
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,992
Total interior livable area: 2,992 sqft
Finished area above ground: 2,992
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: On Street

Lot

Size: 4,791 Square Feet

Details

Additional structures: None
Parcel number: 111108AB170200
Zoning description: R-3 Residential
Special conditions: Standard
Other equipment: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex

Materials

T1-11 Type, Wood Frame
Foundation: Concrete Perimeter
Roof: Composition

Condition

New construction: No
Year built: 1978

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Subdivision: Fredericksburg

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $266/sqft
Tax assessed value: $565,560
Annual tax amount: $5,239
Date on market: 10/6/2026
Listing terms: 1031 Exchange,Cash,Conventional
Tenant pays: Electricity
Electric utility on property: Yes

Estimated market value

$757,000

$719,000 - $795,000

$1,757/mo

Price history

Date	Event	Price
10/6/2026	Listed for sale	$795,000-6.4%$266/sqft
Source: OCMLS #26-2681 Report a problem
12/1/2025	Listing removed	$849,000$284/sqft
Source: OCMLS #25-1186 Report a problem
5/25/2025	Listed for sale	$849,000+165.3%$284/sqft
Source: OCMLS #25-1186 Report a problem
6/27/2018	Sold	$320,000-5.6%$107/sqft
Source: RMLS (OR) #18260980 Report a problem
4/28/2018	Listed for sale	$339,000+35.6%$113/sqft
Source: Taylor & Taylor Realty Company #18-1095 Report a problem
4/22/2005	Sold	$250,000-32.4%$84/sqft
Source: OCMLS #05-660 Report a problem
12/9/2004	Sold	$370,000$124/sqft
Source: OCMLS #04-1339 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,083 +2.1%	$292,850 +3%
2024	$4,977 +2.4%	$284,330 +3%
2023	$4,859 +3.2%	$276,050 +3%
2022	$4,710 -1.3%	$268,010 +3%
2021	$4,772 +5.6%	$260,210 +3%
2020	$4,519	$252,640 +3%
2019	--	$245,290 +3%
2018	$4,322	$238,150 +3%
2017	$4,322 +3.1%	$231,220 +3%
2016	$4,193	$224,490 +3%
2015	$4,193 +21.1%	$217,960 +13%
2014	$3,462	$192,800