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Key Details
Sold Price $1,193,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,550 sqft
Price per Sqft $262
Subdivision Nye Beach
MLS Listing ID 170994605
Sold Date 05/15/25
Year Built 1969
Annual Tax Amount $12,307
Tax Year 2024
Lot Size 10,018 Sqft
Property Description
Welcome to Nye Beach Townhomes! Rare in Newport--Turn key Vacation Rental business with 4 transferrable Short-Term Rental licenses. 4 nicely appointed units, each 2 bed, 1.5 bath with full kitchen, covered decks, and just steps to the beach on a paved path. Average annual gross of $147K/year for the last 4 years. Great Nye Beach location with easy access to beaches, shopping, restaurants, and Bayfront District. Adjacent to Coast Park, playground and Performing Arts Center. Large 0.23 AC lot, newly paved with 8 marked parking spots and EV charger. Each unit sleeps 6 with king beds in each bedroom and a sleeper sofa in the living area. Tons of storage closets including 2 walk-ins. Buyer to honor existing bookings.
Location
State OR
County Lincoln
Area _200
Zoning C2
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Exterior
View Ocean
Roof Type Composition
Garage No
Building
Lot Description Level, Ocean Beach One Quarter Mile Or Less
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Yaquina View
Middle Schools Newport
High Schools Newport
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Cassandra Marks
Realtor, Licensed in OR & WA | License ID: 201225764
Realtor, Licensed in OR & WA License ID: 201225764