Listing provided courtesy of Martek Real Estate- MLS# 26-1511
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213 NE 7th StreetNewport, OR 97365
Commercial · 15,944 Sq. ft. | 0.11 Acres$1,950,000
Active
213 NE 7th Street Overview
- Time on Site:
- 28 days
- Visits:
- 2
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.
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213 NE 7th Street Facts & Features
- Type Commercial
- Sq. ft. 15,944
- Price/Sq.ft. $122
- Lot 0.11 Acres
Details
General
Association/HOA
- Association: false
Income/Expenses
- Existing Lease Type: Net
Building Information
- Year Built: 1990
Business Information
- Business Type: Other
Location/Region
- County Or Parish: Lincoln
- Subdivision Name: Phelps - Newport
Rent/Lease Information
- Lease Considered: false
- Tenant Pays: Electricity,Internet,Repairs
Tax Information
- Tax Annual Amount: 17224.2
- Tax Year: 2025
General Information
- Furnished: Unfurnished
- Inclusions: Building, Land
- Listing Terms: Cash,Conventional,Submit
- Parcel Number: 2800,2500,2400
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Special Listing Conditions: Standard
- Zoning: R-3 Residential
Interior
Parking Information
- Garage Spaces: 10.0
- Garage: true
Beds/Baths
- Bathrooms Total: 20
Building Interior
- Above Grade Finished Area: 15944.0
- Building Area Source: Assessor
- Building Area Total: 15944.0
General Information
- Building Features: Storage
- Flooring: Other
- Foundation Details: Combination
- Stories Total: 3
Exterior
Parking Information
- Parking Features: Additional Parking,Attached Garage
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.11
- Lot Size Area: 0.11
- Lot Size Square Feet: 4791.6
- Lot Size Units: Acres
- Road Surface Type: Asphalt
- Water Source: Public
Waterfront/View
- Waterfront: false
Building Exterior/Construction
- Attached Garage: false
- Construction Materials: Other
- Roof: Composition
General Information
- Carport: false
- Fencing: None
- Number Of Units Leased: 8
- Other Structures: None
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Cable Available,Electricity Connected,Water Available
213 NE 7th 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
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.213 NE 7th Street Monthly Cost
213 NE 7th 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
213 NE 7th Street History
| Date | Value | Agent |
|---|---|---|
| 6/1/2026Source: Tillamook MLS | June 01, 2026 |