231 NW 3RD 1-3 ST
NEWPORT, OR 97365

Investor's Dream! This is one of the two triplexes available?each with a 3x2 and two 2x1 units. Enjoy ample parking, short proximity to the ocean, and Nye Beach's shopping and dining. Ideal proximity to Newport Performing Arts Center, groceries, parks, the post office, library, and more. Out of the tsunami zone. Recent remodels including painting, flooring, and appliances, offer a fresh appeal. Multiple investment opportunities. Lincoln County's lack of affordable housing makes this a lucrative investment. Newly established HOA, complete with 8/2021 structural condition report, condo conversion assessment and reserve study. All this for $799,000!!! Received quotes from two property management firms who assessed that the 2x1s could lease between $1600 to $1900 and the 3 bedrooms from $1800 to $2400.

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