Listing provided courtesy of MORE Realty- MLS# 26-1655MLS ProviderSource MLS Verified

561 W Olive StreetNewport, OR 97365

Single Family · 3 Beds · 2 Full Baths · 1,741 Sq. ft. | 0.09 Acres
$685,000 Active

561 W Olive Street Overview

Time on Site:
14 days
Visits:
1

Endless possibilities await with this versatile property just moments from Newport's beloved Nye Beach. Whether you're searching for a full-time residence, multigenerational living arrangement, or an opportunity to offset expenses with separate living quarters, this unique home offers flexibility to fit a variety of lifestyles. The property features two distinct living spaces with interior access between the two. The main unit offers 2 bedrooms, 1 bathroom, and its own laundry area, while the second unit includes 1 bedroom and 1 bathroom, creating the perfect setup for extended family, guests, or additional living space. The upper unit boasts a spacious deck where you can relax and enjoy coastal sunsets and refreshing sea breezes. Situated on a large corner lot, the home offers a generous yard with plenty of room for gardening, outdoor entertaining, or simply enjoying the coastal surroundings. A spacious two-car garage provides ample storage and parking. Recent updates include fresh interior paint and new flooring, giving the home a clean, refreshed feel and making it move-in ready. Conveniently located near beach access, schools, shopping, dining, and all the charm that Nye Beach has to offer, this is a rare opportunity to enjoy flexible coastal living in one of Newport's most sought-after locations. Whether you're looking to live together while maintaining privacy, accommodate extended family, or simply enjoy extra space, this property is one you won't want to miss. Buyer to perform due diligence regarding possible future uses for the property.

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561 W Olive Street Facts & Features

  • Type Single Family
  • Sq. ft. 1,741
  • Price/Sq.ft. $393
  • Lot 0.09 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Lincoln County School District

Building Information

  • New Construction: false
  • Year Built: 2007

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: N/A

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 5105.28
  • Tax Year: 2025

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 111108BB-25700-00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: R-4 Residential

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Above Grade Finished Area: 1741.0
  • Building Area Total: 1741.0

General Information

  • Appliances: Dryer,Dishwasher,Electric Oven,Electric Range,Microwave,Refrigerator,Washer,Water Heater
  • Fireplace: false
  • Flooring: Carpet,Laminate
  • Foundation Details: Concrete Perimeter
  • Interior Features: Storage
  • Laundry Features: Main Level
  • Levels: Two
  • Living Area Source: Assessor
  • Rooms Total: 10
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Stories Total: 2
  • Window Features: Double Pane Windows,Vinyl Frames,Blinds

Exterior

Parking Information

  • Parking Features: Driveway,Off Street

Lot Information

  • Lot Features: Corner Lot,Level
  • Lot Size Square Feet: 3920.4
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Traditional
  • Attached Garage: false
  • Construction Materials: T1-11 Type
  • Patio And Porch Features: Deck,Front Porch
  • Roof: Composition

General Information

  • Carport: false
  • Fencing: Partial,Wood
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected,Phone Available

Room Information

Room: Bedroom 2

  • Level: Main

Room: Kitchen

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bathroom

  • Level: Main

Room: Primary Bedroom

  • Level: Main

Room: Utility Room

  • Level: Main

Room: Bedroom 2

  • Level: Upper

Room: Bedroom 3

  • Level: Upper

Room: Dining/Living Room Combo

  • Level: Upper

Room: Kitchen

  • Level: Upper

561 W Olive Street Neighborhood

Community

97365 (Newport) Demographics

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

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

561 W Olive Street Monthly Cost

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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.

561 W Olive Street Market Data

Based on the last 30 days in this zip code

$620,101
Average List Price
$335
Average Price per Square Foot
17
Properties Sold
106
Average Days on Market
158
Properties for Sale
Calculations provided by Reliance Network

561 W Olive Street History

Date Event Value Agent
6/15/2026Source: Tillamook MLS Added to Database
June 15, 2026