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1127 SW Abbey St

Newport, OR 97365

7 beds
5 baths
4,078 sqft
9,583 sqft lot
$243 per sqft
1935 build
– on site

Wonderful opportunity to own a home and three rentals in Newport with a remarkable hilltop location. This 7 bedroom, 5 Bath property is sited above Newports Hospital and the Newport Bayfront, with PANORAMIC VIEWS extending over the bay, bridge and ocean. There are 4 Occupied units with good tenants providing EXCELLENT INCOME and low expenses, and great rental history. This Property is WELL MAINTAINED with a NEW ROOF that is composition on the main house and membrane over the apartments in 2023. Very functional with 5 parking spaces, garbage area, laundry room. See photos for layout. Unit A 3/2, Unit B(Ground floor) 1/1 plus den. Unit C 2 bed/1 bath, Unit D Studio. No showings without an accepted offer. Buyer to assume all tenants at close of escrow. Call for more details.

Listing courtesy of RMLS / Advantage Real Estate

Last checked: Checking… • Last updated Feb 15, 2024 •

MLS# 24498839 —

The Building

Year Built:

1935
New Construction:

false
Architectural Style:

Cottage, TriLevel
Roof:

Composition,Membrane
Stories:

3
Basement:

Daylight,SeparateLivingQuartersApartmentAuxLivingUnit
Foundation Details:

Other,Slab
Exterior Description:

Cedar, Other
Window Features:

DoublePaneWindows
Security Features:

None
Accessibility:

true
Accessibility Features:

CaregiverQuarters, MainFloorBedroomBath
Floor Number:

3
Building Area Description:

Assessor
Building Area Total:

4078.0
Building Area Calculated:

2832

Room Dimensions

Main Level Area Total:

1808
Upper Level Area Total:

1024
Lower Level Area Total:

878

Financial & Terms

Bank Owned:

false
Land Lease:

false
Short Sale:

false
Home Warranty:

false

Location

Directions:

From SW Coast Highway, right or East on SW Abbey, continue on SW Abbey to top of hill. 1127 SW Abbey
Latitude:

44.629345
Longitude:

-124.057001

The Property

Parcel Number:

R45139
Parcel Number 2:

R47533
Property Type:

Residential
Property Sub Type:

SingleFamilyResidence
Property Condition:

UpdatedRemodeled
Lot Features:

OceanBeachOneQuarterMileOrLess, Sloped
Lot Size Range:

SqFt7000to9999
Lot Size Acres:

0.22
Lot Size Square Feet

9583.0
Zoning:

R3
View:

true
View Description:

Ocean, Territorial
Farm:

false
Property Attached:

false
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Legal Description:

PROPERTY ID R45139 BAYLEY AND CASE'S ADDN. TO NEWPORT, BLOCK 17,
Tax Annual Amount:

7774.91

Beds

Bedrooms Total:

7

Baths

Bathrooms Total:

5
Bathrooms Full:

5
Baths Total:

5.0
Bathrooms Total Main Level:

2.0
Bathrooms Total Upper Level:

2.0
Bathrooms Total Lower Level:

1.0
Bathrooms Full Main Level:

2
Bathrooms Full Upper Level:

2
Bathrooms Full Lower Level:

1

Heating & Cooling

Heating:

Baseboard, WallHeater
Heating:

true
Cooling:

None
Cooling:

false

Utilities

Sewer:

PublicSewer
Hot Water Description:

Electricity
Water Source:

PublicWater
Fuel Description:

Electricity
Internet Service Type:

Cable,DSL

Schools

Elementary School:

Yaquina View
Middle Or Junior School:

Newport
High School:

Newport

The Community

Subdivision Name:

Newport Bayley and Case ADDN
Senior Community:

false

Parking

Attached Garage:

false
Parking Features:

ParkingPad

Monthly cost estimate

Asking price

$995,000

Expense	Monthly cost
Mortgage	$5,327
Taxes	$647
Insurance	$273
Utilities	$199 See report
Total	$6,446/mo.^*
	^*This is an estimate

Explore the Area

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From

Walk Score®

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Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/15/24 Feb 15, 2024	Listed / Active	RMLS	$995,000

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This house located in Newport, OR 97365 is currently for sale for $995,000. 1127 SW Abbey St is a 4,078 square foot house with 7 beds and 5 baths that has been on Estately for 72 days. This house is in the attendance area of Newport High School, Newport Middle School, Sam Case Elementary School, and Career Tech High School.

Listing Courtesy of: RMLS and Advantage Real Estate.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Estately are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content © 2024 RMLS™, Portland, Oregon.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

This content last updated on 02/15/2024 12:46. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.