Closed

$432,000

534 NE 3rd St, Newport, OR 97365

3beds

2baths

1,380sqft

MultiFamily

Built in 1950

-- sqft lot

$403,700 Zestimate^®

$313/sqft

$1,931 Estimated rent

Home value

$403,700

$335,000 - $484,000

$1,931/mo

Zestimate^® history

Owner options

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$1,931/mo

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$1,931/mo

Rent Zestimate^®

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$2,698/mo

Est. payment

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$2,698/mo

Est. payment

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What's special

Check out this duplex! It has a new roof and it's centrally located near the schools in Newport. Live in one unit, rent the other and run a business in the garage! It's zoned C-3 Commercial and so check with City of Newport Planning Department about the live/work possibilities. The ground floor unit has newly refinished original oak flooring and pine paneling in the living and dining rooms along with original solid wood doors. There are a country kitchen with a large pantry closet and original cabinets, 2 bedrooms, a bathroom and a utility room. New baseboard heaters were recently installed in both bedrooms. A breezeway connects the home and garage. The garage is big enough for two vehicles but the garage door opens on one side only. It has

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Has Heating (Unspecified Type)

Appliances

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

Features

Flooring: Carpet, Vinyl, Wood
Windows: Window Treatments
Has basement: No

Interior area

Total structure area: 1,380
Total interior livable area: 1,380 sqft

Property

Parking

Total spaces: 4
Parking features: Detached Garage
Garage spaces: 2

Features

Levels: Two
Stories: 2

Lot

Size: 4,791 Square Feet
Dimensions: 50 x 100

Details

Additional structures: None
Parcel number: 111108AA80000
Zoning description: C-3 Highway (Heavy) Commercial

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional

Materials

Shake Siding, Shingle Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Year built: 1950

Utilities & green energy

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

Community & HOA

Community

Subdivision: Fredericksburg

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $313/sqft
Tax assessed value: $292,990
Annual tax amount: $2,495
Date on market: 5/30/2025
Listing terms: 1031 Exchange,Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
6/30/2025	Sold	$432,000-0.7%$313/sqft
Source: OCMLS #LC-104014 Report a problem
6/8/2025	Contingent	$435,000$315/sqft
Source: OCMLS #25-1225 Report a problem
5/30/2025	Listed for sale	$435,000-2.2%$315/sqft
Source: OCMLS #25-1225 Report a problem
5/29/2025	Listing removed	$445,000$322/sqft
Source: OCMLS #25-1184 Report a problem
5/25/2025	Listed for sale	$445,000+2.3%$322/sqft
Source: OCMLS #25-1184 Report a problem
4/29/2025	Listing removed	$435,000$315/sqft
Source: OCMLS #25-866 Report a problem
4/24/2025	Listed for sale	$435,000+52.6%$315/sqft
Source: OCMLS #25-866 Report a problem
10/22/2019	Listing removed	$285,000$207/sqft
Source: John L Scott Newport #19-83 Report a problem
10/5/2019	Pending sale	$285,000$207/sqft
Source: John L Scott Real Estate #19-83 Report a problem
8/21/2019	Price change	$285,000-4.7%$207/sqft
Source: John L Scott Real Estate #19-83 Report a problem
6/8/2019	Price change	$299,000-8%$217/sqft
Source: John L Scott Real Estate #19-83 Report a problem
1/14/2019	Listed for sale	$325,000$236/sqft
Source: John L Scott Newport #19-83 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,472 +2.1%	$142,410 +3%
2024	$2,420 +2.4%	$138,270 +3%
2023	$2,363 +3.2%	$134,250 +3%
2022	$2,290 -1.3%	$130,340 +3%
2021	$2,321 +5.6%	$126,550 +3%
2020	$2,198	$122,870 +3%
2019	--	$119,300 +3%
2018	$2,102	$115,830 +3%
2017	$2,102 +3.1%	$112,460 +3%
2016	$2,039	$109,190 +3%
2015	$2,039 +10.3%	$106,010 +3%
2014	$1,848	$102,930 +3%
2013	$1,848 +9.9%	$99,940 +3%
2012	$1,682 +3.2%	$97,030 +3%
2011	$1,631 +2.6%	$94,210
2010	$1,589 +3.1%	$94,210 +6.1%
2009	$1,541 +1.7%	$88,810
2008	$1,515 +3.5%	$88,810 +6.1%
2007	$1,464	$83,720