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Listing provided courtesy of Mishey Real Estate- MLS# 26-1647MLS ProviderSource MLS Verified

550 SW 3rd StreetNewport, OR 97365

Multi-Family · 2 Beds · 1 Full Bath · 7,056 Sq. ft. | 0.29 Acres
$1,300,000 Active

550 SW 3rd Street Overview

Time on Site:
14 days
Visits:
0

Well kept six plex. Some ocean views. Good rental history.

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550 SW 3rd Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,056
  • Price/Sq.ft. $184
  • Lot 0.29 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • New Construction: false
  • Year Built: 1973

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Bayley and Case's

Rent/Lease Information

  • Land Lease: false

Tax Information

  • Tax Annual Amount: 10791.57
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 111108BC-501-00
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: R-3 Residential

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2

Building Interior

  • Above Grade Finished Area: 100.0
  • Building Area Total: 7056.0

General Information

  • Appliances: Dishwasher,Electric Oven,Refrigerator
  • Basement: false
  • Flooring: Carpet,Laminate
  • Foundation Details: Concrete Perimeter
  • Laundry Features: Accessible Utilities or Laundry
  • Levels: Two

Exterior

Parking Information

  • Parking Features: Off Street
  • Parking Total: 5.0

Lot Information

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Dimensions: Irrg.
  • Lot Size Square Feet: 12632.4
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Other,Ocean
  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Other
  • Attached Garage: false
  • Construction Materials: Cedar
  • Roof: Composition

General Information

  • Carport Spaces: 5.0
  • Carport: true
  • Fencing: Partial
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Pool Private: false
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Separate Meters

Unit Information

Unit 1 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 5 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 6 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 7 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 8 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 9 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 10 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 11 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 12 Details

  • Beds Total: 2
  • Baths Total: 1

550 SW 3rd 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.

550 SW 3rd 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.

550 SW 3rd 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

550 SW 3rd Street History

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