561 W OLIVE ST Newport, OR $ 685,000
561 W OLIVE ST
$ 685,000
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561 W OLIVE ST

Newport, OR, 97365
$ 685,000
Bedrooms3 Baths2.0 Sq 1,741

Monthly Estimate*

$ 4,325

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Single Family Home for sale in Newport, OR

for $685,000 with 3 bedrooms and 2 full baths. This 1,741 square foot home was built in 2007 on a lot size of 0.09.

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.Private Remarks: Agents - all interior doors are to remain open. Please be sure all exterior doors are locked when leaving (one in laundry room, front door, door to garage.)

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Single Family Active

Price

$ 685,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 5,214

Style

Stories2

Lot Size

0.09

Year Built

2007

Town/City

Newport

County/Region

Lincoln

MLS | Web ID

571863716

Features
Interior
Interior Amenities LaminateFlooring WalltoWallCarpet
Hot Water Electricity
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 2.0
Total Bedrooms 3
Total Baths 2
1/2 Baths 0
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General
Sewer PublicSewer
Heating WallFurnace
Roof Composition
Appliances Dishwasher FreeStandingRange FreeStandingRefrigerator Microwave
Garage Spaces 2.0
Architectural Style Stories2
Year Built 2007
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R295933
County Lincoln
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions West Olive Street to property on the left.
High School Newport
City Newport
Disclosures Disclosure
MLS Area _200
Lot Size Square Feet 3920.0
Listing Terms Cash Conventional FHA
Elementary School Yaquina View
Tax Annual Amount 5214.02
Middle/Junior High School Newport
Property Condition Resale
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PROPERTY ID R295933 THOMPSONS SUBDIV BLK 3 N&T BLOCK SPRING LOT
ADU False
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Exterior
Exterior Amenities Deck Porch
Water Source PublicWater
Total Parking 2.0
Garage Type Attached
Exterior Description T111Siding
Building Area Total 1741.0
Lot Size Acres 0.09
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Internal Only
Street Number 1 561
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* Excluded Features
List By
More Realty

Broker

503-539-7816

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Affordability Calculator

$4,760
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,325
Monthly Property Taxes
$435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/9/2026$685,000 Listed Price

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561 W OLIVE ST, Newport, OR, 97365 is a Single Family Home for sale at $685,000 with 1,741 sqft and a lot size of 0.09. 561 W OLIVE ST has 3 bedrooms, 2.0 baths, and was built in 2007. The property's zip code is 97365 which is in Newport, OR