213 NE 7th Street, Newport, OR 97365 | MLS #26-1511 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Martek Real EstateMLS# 26-1511MLS ProviderSource MLS Verified
  • 28 days on site
  • 2 views

Established 10-unit multifamily investment property in the heart of Newport, designed for investors seeking scale, tenant appeal, and long-term income potential. Centrally located near shopping, services, employment centers, and the amenities that support year-round rental demand, this well-maintained property features nine 2-bedroom units and one 3-bedroom unit, offering a unit mix that appeals to a broad range of tenants. A standout feature is the inclusion of off-street garages for every unit—an amenity not commonly found in many multifamily properties and one that can contribute to tenant satisfaction and retention. Situated on a corner lot with public utilities and easy access throughout Newport, the property has been professionally maintained and offers a straightforward ownership opportunity for investors seeking an established asset rather than a major renovation project.

Source: Tillamook MLS, MLS#: 26-1511

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  • Property Type
    Commercial Sale
  • Lot
    0.11 acres

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  • Median Age
    46
  • Population Density
    252
  • College Educated
    38%
  • Estimated Median Income
    $49,529
  • Estimated Total Home Owners
    2,693
  • Estimated Total Renters
    2,073
  • Owner / Renter Divide
    57% / 43%
  • Estimated Average Household Size
    2
  • Total Population
    11,338
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/1/2026Source: Tillamook MLS Added to Database
June 01, 2026