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551 NW Brook Street , #1-6

Newport, OR 97365
  • $1,250,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 25-2317
UPDATED: 64 min ago
$1,250,000
  • 12
    BEDS
  • 0.29
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,818
    SQFT
  • $259
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

Oceanview 6-Plex Perched above Newport's beloved Nye Beach district, this solid, well-kept multiplex offers ocean views from every unit and a location that puts sand, surf, shops, and restaurants all within easy reach. Each of the six 2-bedroom, 1-bath units includes a private ocean-facing deck, covered parking, and individual storage. A large shared utility room features coin-op machines. Already separated into legal condominium units, this is a rare chance to take a stable coastal property and turn it into something more-whether that's selling off units individually, refreshing them one by one, or simply holding as a long-term play with flexibility down the road. All appliances are included.

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© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Central Oregon Home Pros | KW. Data last updated: 2025-12-04T13:33:28.227.
www.buysellcentraloregon.com/homes/169074546
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551 NW Brook Street , #1-6 Newport, OR 97365

  • Price: $1,250,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 64 min ago
  • MLS #: 25-2317
12
Beds
6
Baths
0
½ Baths
0.29
Acres
4,818
SQFT
$259
$/SQFT
1972
Built
Neighborhood:
N/A
County:
Lincoln
Area:
Newport/South Beach
Property Description
Oceanview 6-Plex Perched above Newport's beloved Nye Beach district, this solid, well-kept multiplex offers ocean views from every unit and a location that puts sand, surf, shops, and restaurants all within easy reach. Each of the six 2-bedroom, 1-bath units includes a private ocean-facing deck, covered parking, and individual storage. A large shared utility room features coin-op machines. Already separated into legal condominium units, this is a rare chance to take a stable coastal property and turn it into something more-whether that's selling off units individually, refreshing them one by one, or simply holding as a long-term play with flexibility down the road. All appliances are included.
Exterior Features

Basement No Foundation Details Concrete Perimeter Frontage None Garage YN No Open Parking Spaces 6 Parking Features [] Patio And Porch Features Deck Road Surface Type Gravel Roof1 Composition Siding2 Concrete Composite Style Traditional Window Features DishwasherRefrigerator

Interior Features

Appliances Electric Cooling [] Fireplace Features [] Flooring CarpetVinyl Heating Electric Heating Cooling Electric Heating YN Yes Interior Features Flat Range Oven Electric Walls1 Paint

Property Features

3rd Party Approval No Additional Parcels Description All units are set up as individual condosand each has their own R# plus R# for common elements. BLUE WHALE CONDOMINIUMS. Gross income for 2024 $93800 Association No Association Fee Includes [] Bank Lender Owned No Construction Materials Concrete Electric2 On Property Gas None Levels Three or More Listing Terms Cash1Conventional MLSArea Minor Newport Number Of Units Total 6 Outbuildings [] Primary View Ocean Property Sub Type Multi-Dwelling Secondary View None Senior Community YN No Sewer Public Sewer Short Sale No Tax Annual Amount 11874.66 Tax Year 2024 Utilities None Water City Water Source Public Zoning R-4 Residential

© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. Listing provided courtesy of Premiere Property Group, LLC (Newport): 503-670-9000.


© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Central Oregon Home Pros | KW. Data last updated: 2025-12-04T13:33:28.227.
 
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1005 SW Glacier Ave
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