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Executive Summary

Established 10-unit multifamily investment property in the heart of Newport, designed for investors seeking scale, tenant appeal, and long-term income potential. Centrally located near shopping, services, employment centers, and the amenities that support year-round rental demand, this well-maintained property features nine 2-bedroom units and one 3-bedroom unit, offering a unit mix that appeals to a broad range of tenants. A standout feature is the inclusion of off-street garages for every unit—an amenity not commonly found in many multifamily properties and one that can contribute to tenant satisfaction and retention. Situated on a corner lot with public utilities and easy access throughout Newport, the property has been professionally maintained and offers a straightforward ownership opportunity for investors seeking an established asset rather than a major renovation project.

Property Facts

Price $2,743,650 CAD
Price Per Unit $274,365 CAD
Sale Type Investment
No. Units 10
Property Type Multifamily
Building Size 15,944 SF
No. Stories 3
Year Built 1990
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
R323840
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$422,986 CAD
  • Listing ID: 41356591

  • Date on Market: 2026-07-19

  • Last Updated:

  • Address: 213 NE 7th St, Newport, OR 97365

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