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1218 NW LAKE ST Newport, OR $ 650,000
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1218 NW LAKE ST
$ 650,000
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1218 NW LAKE ST

Newport, OR, 97365
$ 650,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 4,002

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Multi-Family Home for sale in Newport, OR

for $650,000 with 7 bedrooms and 3 full baths. This home was built in 1969.

Multifamily home two blocks from the ocean! This well cared for, 3 unit property, features two recently remodeled units and fresh exterior paint, creating a bright and updated coastal feel. All units are currently leased, offering immediate income in a highly desirable location. This is a great opportunity to own a coastal three-unit property with in-place income, strong rental history, and and long-term potential.

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Multi-Family Active

Price

$ 650,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,959

Style

Year Built

1969

Town/City

Newport

County/Region

Lincoln

MLS | Web ID

597429344
Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Shingle
Zoning R-2
Year Built 1969
Stories Count 1
Tax Year 2025
Parcel Number R361500
Gross Income 60000.0
County Lincoln
Net Operating Income 50000.0
Operating Expense 10000.0
Property Type MultiFamily
HOA N
Subdivision Name OCEAN VIEW
Rent Includes None
Status Active
Directions Off of Nw 12th St
High School Newport
City Newport
Number Of Units Total 3
MLS Area _200
Listing Terms Cash Conventional FHA
Elementary School Yaquina View
Tax Annual Amount 4959.01
Middle/Junior High School Newport
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PROPERTY ID R361500 OCEANVIEW BLOCK 31 LOT 8-10 PTNS OF DOC202
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Driveway OffStreet
Water Source PublicWater
Total Parking 2.0
Exterior Description Cedar
Road Surface Type Paved
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Internal Only
Street Number 1 1218
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* Excluded Features
List By
Kelly Right Real Estate Of Portland, Llc

Broker

dustinmillerpdx@gmail.com

Email

Affordability Calculator

$4,415
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$413
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949516 Elementary School
1950585 Middle School
Newport High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2026$650,000 Listed Price

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1218 NW LAKE ST, Newport, OR, 97365 is a Multi-Family Home for sale at $650,000. 1218 NW LAKE ST has 7 bedrooms, 3.0 baths, and was built in 1969. The property's zip code is 97365 which is in Newport, OR

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